Accounting

What Is Self-Employment Mileage Allowance?

What Is Self-Employment Mileage Allowance?

A person who is self-employed must follow certain rules when filing taxes regarding allowable deductions. The IRS has regulations in place that dictate when self-employment ...

Tax Laws for Taking Care of Grandparents

Tax Laws for Taking Care of Grandparents

A person doesn't have to be a child for you to claim him or her as a dependent on your tax return. Anyone you support might qualify as a dependent. If you are paying the bulk of ...

What Kind of Items Are Posted in the Income Statement?

What Kind of Items Are Posted in the Income Statement?

Income statements, sometimes referred to as profit and loss statements, explain how much money a company made and how much it lost during a specified time period, usually a year. ...

Tax Options for a Roth Conversion

Tax Options for a Roth Conversion

A Roth IRA is a retirement account that allows you to sock away after-tax dollars for retirement, which then grow tax-free. You only pay income tax on Roth IRA money if you ...

Statistics of People in Financial Trouble

Statistics of People in Financial Trouble

The sheer number of variables that go into creating "financial trouble" are daunting. Marital status, race, region, and health are just a few of some of the more major variables. ...