AGI stands for adjusted gross income. This number sets the threshold for certain deductions such as medical expenses. It also determines eligibility for tax credits like the retirement savings credit and American opportunity credit. As its name implies, AGI is something that can change based on certain factors. That’s why we.
If you’re a business owner, you don’t need to be an expert about the IRS tax code. Although it’s obviously very important to meet your tax obligations, you can hire an experienced tax professional to assist you. By getting tax assistance and guidance from the right professional, you can stay on.
Although we’re officially in the last quarter of 2016, there’s still time to optimize your tax situation. And while there are still a few months left until 2017 arrives, getting a head start on thinking about your future tax planning can pay off big down the line: 1. Get Organized.
A limited liability company is a legal entity that’s formed under state law. A big part of why many businesses opt for this structure is while it offers many of the advantages of a corporation, it’s both easier to form an LLC and operate it. When an entity like an LLC.
©2016-2020 Donohoo Accounting Services All rights reservedDesign By: Web Strategy Plus