Whether or not your dependent is required to file a tax return depends on a few factors. When deciding if your dependent is required to file their amount of income, type of income, and dependency status should all be taken into consideration. Types of income and taxes: Earned income o
Did you realize that some companies actually utilize two sets of books? Companies often have a set of books for income taxes and one to comply with Generally Accepted Accounting Principles (GAAP). There are numerous differences that exist between accounting for income taxes and GAAP.