Small business owners and self-employed individuals can use a Schedule C form to report profits or losses from a business. When you file your taxes, you can attach Schedule C to your regular 1040 form. If you recently became self-employed or started a bu
You may be wondering, "What is my tax bracket, and how does it work?" Your tax bracket is based on your taxable income, with higher tax brackets paying more in income tax. If you're not sure which tax brackets you fall into or how much you’ll owe in fed
Hosted by the AICPA, this conference is the go-to event for CPAs who want to stay ahead in the ever-evolving world of digital accounting. With technology and trends constantly changing, it’s crucial to stay updated, and the DCPA Conference is here to help you do just that. So, what...
2023-05-08 13:00:35 Hi Richard, Thank you for reaching out. If you are using Roth IRA monies to fund your annuity, the monthly payments should be tax-free permanently (as long as your Roth IRA is at least 5 years old). The annuity will be issued as a Roth IRA, and the payment...
In certain circumstances, you may be eligible to negotiate the amount owed through an Offer in Compromise. This option allows you to propose a reduced amount to settle your tax debt. Consult with a tax professional or CPA to determine if this is a viable option for your situation. ...
CPKC is the third Class I to belong to RailPulse, and Bunge is the first railcar-owning shipper. Read More December 1, 2023 Steve Sashihara Lectures at NYU Tandon on Applied Optimization Steve Sashihara gave a guest lecture on applied optimization to NYU Tandon students of Prof. Shruti...
Kristal Sepulveda, CPA on November 28, 2023 Filing taxes can be a complex process, especially when it involves reporting sales and other dispositions of capital assets. IRS Form 8949 is a critical document for accurately reporting these transactions. This article delves into the nuances of Form 89...
What is the quad-demic? Although the trifecta of flu, COVID-19 and respiratory syncytial virus (RSV) are commonly paired,norovirus outbreaksaround the U.S. have added to concerns of a quad-demic. “All of the viruses are here, it’s just they’re affecting different areas a little bit...
Establishing what’s material is less clear when CPAs attest to subject matters that can’t be measured — such as sustainability programs, employee education initiatives or fair labor practices. As nonfinancial matters are taking on increasing importance, it’s critical to understand what information...
The main difference between CAs and certified public accountants is that the CPA is a designation used in the United States, while CA is used in many other countries. The CPA abbreviation can refer to different types of accounting professionals in different parts of the world. For example, in...