Author: taxsecretsblog

If you had to make a list of people who changed the world essentially just by existing, Henry Ford's name would likely be on it. Most people know him from history as the founder of the (appropriately named) Ford Motor Company. Here, he developed the

Article Highlights: Child Tax Credit Dependent Care Benefits Recovery Rebates Employee Retention Credit Congress has for years used the tax return as a means of providing benefits to taxpayers in need and incentives to stimulate activities in business, as well as addressing environmental issues. So

All of us dream of one day being able to retire - to finally be able to relax and enjoy the lifestyle we worked so hard for. However, you'll need a significant amount of money to do it, which is where a lot of Americans

Article Highlights: S Corporation Compensation Reasonable Compensation Factors Determining Reasonableness In the Spotlight 199A Deduction S corporation compensation requirements are often misunderstood and abused by owner-shareholders. An S corporation is a type of business structure in which the business does not pay income tax at

Article Highlights: Financially Assisting Grandchildren College savings Education savings Retirement accounts Medical expenses If you are a grandparent there are several things you can do to teach your grandchildren financial responsibility and set aside money for their future education and retirement. Before we get into

Article Highlights: Income Limit Credit Amount Previously Owned Clean Vehicle Qualified Sale Qualified Buyer Dealer Report Transfer of Credit to the Dealer Vehicle Identification Number Non-refundable Credit 2023 brings with it a whole new set of rules related to qualifying for a tax credit for

The world of eCommerce is one that is constantly evolving - both in terms of public perception and concerning how the industry serves customers. In the 1990s, the very idea of buying something online (not to mention entering your credit card information into a computer)

Article Highlights: Background Qualifications Income Limit 4-wheel vehicle Street Vehicle Minimum Battery Capacity Acquired for Original Use Final Assembly MSRP Critical Mineral and Battery Components Seller Provided Report List of Qualifying Vehicles Transfer of Credit to the Dealer Although the credit for purchasing a new

If you've been keeping up with the news, you're no doubt aware of a recent policy change that will impact the way that research and development (R&D for short) is handled when it comes to income taxes in the United States. Rather than being allowed

Maybe you're one of the people who went through mass layoffs in virtually all industries in 2022. Maybe you've made a New Year's resolution to become more financially stable in 2023. You might even be worried that this is the year that the economy will