Ana B. GarciaFeb 25, 20195 min9 Penalty-Free IRA WithdrawalsThe contributions you make to your IRA are intended to supplement your income during your retirement years. However, as much as you would...
Ana B. GarciaOct 16, 20182 minSale of Residence - Real Estate Tax TipsYou may qualify to exclude from your income all or part of any gain from the sale of your main home. Your main home is the one in which y...
Ana B. GarciaOct 9, 20182 minHow do US corporate tax rates compare globally?The tax reform package that became law late last year had substantial impacts on American taxpayers. Major changes to the standard deduct...
Ana B. GarciaOct 9, 20182 minA Tax Guide for U.S. ImmigrantsOne of the most significant learning curves immigrants must climb is the U.S. tax system. Fortunately there are a few key points that can...
Ana B. GarciaOct 9, 20183 minThe Best and Worst States for Property TaxesMedian state tax rates can vary considerably. Looking for a state that doesn't have a property tax is like grabbing binoculars to watch t...
Ana B. GarciaOct 3, 20184 minLearn About Being Married and Filing Taxes JointlyThe Pros and Cons of Filing a Joint Married Return The Internal Revenue Service doesn't force married couples to file joint income tax re...
Ana B. GarciaOct 1, 20183 minWhat Investors Need to Know About Unrelated Business Income Tax (UBIT)Unrelated Business Income Tax (UBIT) was created by the congress to level the playing field for businesses established under the umbrella...
Ana B. GarciaSep 27, 20184 minTricks to save money on your property taxesForget about keeping up with the Joneses. This time of year you want your house to be as crummy as possible. Why? Because it’s property t...
Ana B. GarciaSep 26, 20183 minTax Breaks for Homeowners: What's Still Deductible, and What's NotOne of the most highly touted benefits of homeownership has traditionally been the write-offs homeowners can claim to reduce their federa...
Ana B. GarciaSep 21, 20184 min4 ways to cut your taxes under the new lawSix out of 10 affluent adults expect to change their financial plans due to new tax law. The estate and gifting exemption is up to about ...
Ana B. GarciaSep 20, 20186 minList of Common Expenses and Tax Deductions for Construction Workers and ContractorsWith the rigors of physical labor and the headaches of compliance regulations, most construction workers would appreciate a break after a...
Ana B. GarciaSep 18, 20185 minTax Facts Mixed With IRS Tax Fiction You Need To Know For The 2018 Tax SeasonThe 2018 filing season kicked off on January 29, 2018. Before all is said and done, the Internal Revenue Service (IRS) anticipates proces...
Ana B. GarciaSep 14, 20183 minPass-throughs versus C corporations under the new tax lawC corps may become a bit more popular under the new regime given the big reduction in their tax rate, but pass-throughs still seem to hav...
Ana B. GarciaSep 13, 20181 minWill I Pay Income Taxes on the Sale of My Home?Whether you’ll pay taxes—and if so, how much—depends on how long you’ve been in your home. If you’ve lived there for at least two of the ...
Ana B. GarciaAug 28, 20183 minHow to retire overseas and avoid IRS penaltiesRetirees living abroad have to take special care with their tax returns. If you forget to check it off this box on Schedule B when you li...
Ana B. GarciaAug 24, 20181 minStates With Highest and Lowest Property TaxesProperty taxes can be a large part of your housing budget, depending on where you live. In New Jersey, the state with the highest propert...
Ana B. GarciaAug 21, 20186 minSupreme Court Widens Reach of Sales Tax for Online RetailersWASHINGTON — Americans have done more and more of their shopping online in recent years, drawn by the promise of low prices, wide selecti...
Ana B. GarciaAug 14, 20182 minAICPA wants IRS to clarify S corp issues from new tax lawThe American Institute of CPAs requested immediate guidance Monday from the Internal Revenue Service and the Treasury Department on vario...
Ana B. GarciaAug 6, 20185 minThe Best Tax Benefits Of Real Estate InvestingKey Takeaways There are a number of significant tax benefits that come with investing in real estate, but arguably the number one benefit...
Ana B. GarciaAug 6, 20183 minWhat is Cost of Goods Sold (COGS) & How To Calculate ItCost of goods sold (COGS) is an accumulation of the direct costs that went into the goods sold by your company. This includes the cost of...