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New Tax Rules for 2018 – Individuals
A centerpiece of last year's legislation is the reduction in income tax rates. While the new law keeps the same number of tax brackets for individuals as there were in 2017, many tax rates [...]
Personal Tax Credits
At Checked & Balanced Inc., we assist you in maximizing your personal tax deductions. There are two types of tax credits: A nonrefundable tax credit means you get a refund only up to [...]
2018 Tax Reform – What does it mean?
Below are some highlight of the new tax reform and how it may impact you. Changes have been made to both individual and corporate tax rates, these are set to expire by the end [...]
Home Office Deduction by Small Business
IRS: Home Office Deduction Often Overlooked by Small Business Owners The Internal Revenue Service today reminded small business owners who work from a home office that there are two options for claiming the Home [...]
Understanding S Corporations
According to IRS statistics, about six million corporation returns are filed every year Of those returns about 70 percent of these are Forms 1120S, showing that an S corporation is the preferred choice among [...]