9 Penalty-Free IRA Withdrawals
The contributions you make to your IRA are intended to supplement your income during your retirement years. However, as much as you would...
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ANA B. GARCIA
Certified Public Accountants
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Ana B. Garcia
- Oct 16, 2018
- 2 min
Sale of Residence - Real Estate Tax Tips
You 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...
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Ana B. Garcia
- Oct 9, 2018
- 2 min
How 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...
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Ana B. Garcia
- Oct 9, 2018
- 2 min
A Tax Guide for U.S. Immigrants
One of the most significant learning curves immigrants must climb is the U.S. tax system. Fortunately there are a few key points that can...
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Ana B. Garcia
- Oct 9, 2018
- 3 min
The Best and Worst States for Property Taxes
Median state tax rates can vary considerably. Looking for a state that doesn't have a property tax is like grabbing binoculars to watch...
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Ana B. Garcia
- Oct 3, 2018
- 4 min
Being Married and Filing Taxes Jointly
The Pros and Cons of Filing a Joint Married Return The Internal Revenue Service doesn't force married couples to file joint income tax...
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Ana B. Garcia
- Oct 1, 2018
- 3 min
What 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...
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Ana B. Garcia
- Sep 27, 2018
- 4 min
Tricks to save money on your property taxes
Forget 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...
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Ana B. Garcia
- Sep 26, 2018
- 3 min
Tax Breaks for Homeowners: What's Still Deductible, and What's Not
One of the most highly touted benefits of homeownership has traditionally been the write-offs homeowners can claim to reduce their...
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Ana B. Garcia
- Sep 21, 2018
- 4 min
Four Ways To Cut Your Taxes
Six 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...
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Ana B. Garcia
- Sep 20, 2018
- 6 min
List of Common Expenses and Tax Deductions for Construction Workers and Contractors
With the rigors of physical labor and the headaches of compliance regulations, most construction workers would appreciate a break after a...
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Ana B. Garcia
- Sep 18, 2018
- 4 min
Tax Facts Mixed With IRS Tax Fiction You Need To Know
The 2018 filing season kicked off on January 29, 2018. Before all is said and done, the Internal Revenue Service (IRS) anticipates...
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Ana B. Garcia
- Sep 14, 2018
- 3 min
Pass-throughs versus C corporations under the new tax law
C 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...
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Ana B. Garcia
- Sep 13, 2018
- 1 min
Will 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...
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Ana B. Garcia
- Aug 28, 2018
- 3 min
How to retire overseas and avoid IRS penalties
Retirees 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...
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Ana B. Garcia
- Aug 24, 2018
- 1 min
States With Highest and Lowest Property Taxes
Property taxes can be a large part of your housing budget, depending on where you live. In New Jersey, the state with the highest...
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Ana B. Garcia
- Aug 21, 2018
- 6 min
Supreme Court Widens Reach of Sales Tax for Online Retailers
WASHINGTON — Americans have done more and more of their shopping online in recent years, drawn by the promise of low prices, wide...
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Ana B. Garcia
- Aug 14, 2018
- 2 min
AICPA wants IRS to clarify S corp issues from new tax law
The American Institute of CPAs requested immediate guidance Monday from the Internal Revenue Service and the Treasury Department on...
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Ana B. Garcia
- Aug 6, 2018
- 5 min
The Best Tax Benefits Of Real Estate Investing
Key Takeaways There are a number of significant tax benefits that come with investing in real estate, but arguably the number one benefit...
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Ana B. Garcia
- Aug 6, 2018
- 3 min
What is Cost of Goods Sold (COGS) & How To Calculate It
Cost 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...
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