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  2. Tax prep fees are rising because accounting is not a ‘cool ...

    www.aol.com/finance/tax-prep-fees-rising-because...

    Tax prep fees jumped to an average of $218 for new clients in 2023, a 25% jump from 2021. Experts attributed the fee increases to staff shortages at accounting firms.

  3. Tax expense - Wikipedia

    en.wikipedia.org/wiki/Tax_expense

    The result is a gap between tax expense computed using income before tax and current tax payable computed using taxable income. This gap is known as deferred tax. If the tax expense exceeds the current tax payable then there is a deferred tax payable; if the current tax payable exceeds the tax expense then there is a deferred tax receivable.

  4. Are Union Dues Tax Deductible? - AOL

    www.aol.com/union-dues-tax-deductible-160902688.html

    The Tax Cuts and Jobs Act of 2017 made significant changes to how tax law treated union dues. Union members cannot deduct any union dues from 2018 to 2025 even if they itemize their deductions. An ...

  5. Tax amortization benefit - Wikipedia

    en.wikipedia.org/wiki/Tax_amortization_benefit

    The corporate tax rate as well as the tax amortization period are defined by country-specific tax legislations. The tax amortization period might be different from the useful life used in accounting. For example, while trademarks can have an indefinite useful life for accounting purposes, the tax legislation of the United States establishes a ...

  6. Union dues - Wikipedia

    en.wikipedia.org/wiki/Union_dues

    Many union members pay union dues out of their wages, although some unions collect dues separately from the paycheck. Union dues may be used to support a wide variety of programs or activities, including negotiating contracts; paying the salaries and benefits of union leaders and staff; union governance; legal representation; legislative lobbying (Members Dues money paid are never used for ...

  7. Corporate tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Corporate_tax_in_the...

    Some of the largest and most profitable U.S. corporations pay exceedingly low tax rates [40] through their use of subsidiaries in so-called tax haven countries. [41] Eighty-three of the United States's 100 biggest public companies have subsidiaries in countries that are listed as tax havens or financial privacy jurisdictions, according to the ...

  8. Can You Write Off Your Home Insurance on Your Taxes? - AOL

    www.aol.com/write-off-home-insurance-taxes...

    As tax season approaches, many homeowners find themselves sifting through receipts and financial documents, searching for every possible deduction to reduce their taxable income. One question you ...

  9. Partnership accounting - Wikipedia

    en.wikipedia.org/wiki/Partnership_accounting

    Management fees, salary and interest allowances are guaranteed payments. The partnership generally deducts guaranteed payments on line 10 of Form 1065 as business expenses. If partners pay themselves high salaries, net income will be low, but it does not matter for tax purposes.