ThomsonReuters

MARCH 1, 2024

Jump to: How are S corporations taxed? How can S corporations reduce their taxes? How a corporate tax software can help filing S corporation taxes Setting up your business as an S corporation (S corp) provides several tax advantages that are not available to owners of C corporations (C corp) or Limited Liability Companies (LLCs).

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corporation tax Tax tax return income tax 52

LyfeAccounting

FEBRUARY 24, 2021

?. How much money will you be paying in taxes this year? The more tax deductions and credits you get, the more money you get to keep. If filing taxes for 2020, married couples filing jointly who make up to $80,000 in taxable income or single filers who make up to 40,000 in taxable income. Mortgage Points Deduction.

Tax 52

Tax Real Estate Education Legal 52

LyfeAccounting

JUNE 7, 2021

We have 10 tips on how you can avoid paying taxes. Because for most people, paying taxes is such a drag, annoying, frustrating… So today, we want to talk about how to avoid taxes and give you 10 legit and legal ways to do so. Now in 2021, you start paying taxes the second you make over $9,875 a year as an individual.

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Legal Tax income tax Real Estate 59

CTP

SEPTEMBER 16, 2022

So, if lowering your AGI is considered “above the line” deductions, are there then “below the line” deductions to can be implemented as well? Even with higher standard deductions introduced by the Tax Cuts and Jobs Act (TCJA), other deductions can still be discovered. Real Estate or Real Property Tax Deduction.

tax planning 52

tax planning Tax Real Estate Education 52

CTP

SEPTEMBER 16, 2022

So, if lowering your AGI is considered “above the line” deductions, are there then “below the line” deductions to can be implemented as well? Even with higher standard deductions introduced by the Tax Cuts and Jobs Act (TCJA), other deductions can still be discovered. Real Estate or Real Property Tax Deduction.

tax planning 52

tax planning Tax Real Estate Education 52

ThomsonReuters

NOVEMBER 15, 2023

Jump to: Are political donations tax deductible? Are church donations tax deductible? Are GoFundMe donations tax deductible? Are donations to the ACLU tax deductible? Are donations to Planned Parenthood tax deductible? Are political donations tax deductible?

tax return 98

tax return Tax tax planning Education 98

LyfeAccounting

OCTOBER 29, 2020

With the US presidential election is right around the corner, and since we’re an accounting firm that loves taxes, it’s only right that we make a post discussing President Trump’s Tax Plan vs Former Vice President Joe Biden. Like everyone should be able to understand how things are calculated and be sure of its accuracy.

tax planning 52

tax planning Tax corporation tax Real Estate 52

ThomsonReuters

NOVEMBER 15, 2023

Jump to: Are charitable donations tax deductible? How do charitable donations affect taxes? What donations are tax deductible? IRS rules for charitable contributions How much do charitable donations reduce taxes? Are charitable donations tax deductible?

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Account accountant accounted tax return 52

LyfeAccounting

JULY 3, 2021

How to start a nonprofit organization in 2021 – otherwise known as a 501(c)(3) organization. So, a nonprofit organization is a business entity in which your goal is not to be profitable… …but to make money to expand on a social clause like feeding the homeless or helping victims of harsh circumstances. Keep reading!

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Georgia Tax Start-ups Legal 52

ThomsonReuters

JUNE 6, 2022

A number of individuals and families who made their wealth during the late 19th and early 20th centuries in the railroad, steel, oil, and automobile industries (such as Sage, Carnegie, Rockefeller, and Ford) made large-scale donations. Many of their donations occurred before income taxes were enacted in 1913 or estate taxes in 1917.

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Tax income tax New York Start-ups 97