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Mofrad Financial Solutions
- Mar 2, 2021
- 2 min
Who Qualifies as Your Dependent?
Since every family is different, the question of “can I claim my kid as a dependent”, comes up quite often. As you will see below, to qualify as a dependent, six tests must be met. What is a dependent? A dependent is a person other than the taxpayer or spouse who entitles the taxpayer to claim a dependency exemption. Is there a condition that would automatically void a dependency exemption? A taxpayer cannot claim a dependency exemption for a person who can be claimed as a de

Mofrad Financial Solutions
- Feb 4, 2021
- 4 min
R&D CREDIT: Have you overlooked a golden opportunity in tax savings with R&D Credit?
Remember - even if you are a qualifying start-up, you can take advantage of the Credit. True, you may not have income, and therefore taxes