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Understanding IRA Contribution Limits for 2022 vs. 2023

Individual Retirement Accounts (IRAs) offer individuals a valuable opportunity to save for retirement while enjoying certain tax benefits. However, it's crucial to stay informed...

Understanding Worthless Securities for Tax Purposes: A Comprehensive Guide

As taxpayers navigate the complex landscape of tax regulations, one important area to be aware of is the treatment of worthless securities. Worthless securities refer to stocks,...

Posted 06/09/2023 by Taxes Made EZ Inc

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What to Know About Form 1099-K

Form 1099-K is an essential tax document issued by payment settlement entities (PSEs) to report certain transactions made by merchants or business owners. It assists the Internal...

Posted 06/09/2023 by Pat Raskob

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Understanding Opportunity Zones: A Path to Tax Advantages & Community Development

To revitalize economically distressed communities across the United States, the federal government introduced the Opportunity Zone program as part of the Tax Cuts and Jobs Act...

Posted 06/09/2023 by KLSM CPA Firm PLLC

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