Cost basis refers to the original value of an asset for taxes. Its value often determines its capital gains, which equal the asset’s cost basis and the current market value....
Posted by McCool's Tax Service on 03/01/2021
There are different goals for all taxpayers when filing their returns each year. Some might aim at reducing their tax amount. At the same time, another might desire a huge refund amount,...
Posted by James Financial Services Inc on 03/01/2021
Your taxes this year may be dominated by a clear question: "At any point in 2020, did you sell, receive, send, trade, or earned financial interest in any virtual currency?"In...
Posted by Schneiderman and Friedman on 03/01/2021
Treatment of distributions to persons placed on active service for at least 179 days (article 72(t) of the code)Under the current law Under current legislation, a taxpayer who...
Posted by Taxes Made EZ Inc on 03/01/2021
The IRS' voluntary Classification settlement program offers taxpayers an opportunity to reclassify workers as "employees" for tax with the hope of getting limited tax...
Posted by Abundant Wealth Planning LLC on 03/01/2021
State Unemployment insurance is a tax program funded by employers to provide short-term benefits to workers out of a job. This is a tax required at the federal and state level. Unemployed...
Posted by Daniel P Vigilante CPA and Profit Consultants on 03/01/2021
The nation owes a debt of gratitude to veterans, yet sometimes these heroes come back home and pay huge taxes, which places a significant burden on them. This realization led to a...
Posted by Carmen Garcia on 03/01/2021
An Insight into Personal Use propertyUncle Sam defines personal use property as an asset or property used solely for private purposes and does not serve as an investment or business...
Posted by Don Bell Law on 03/01/2021
The employer will take a part of your salary and send it to the IRS for people paid regularly, which happens via withholding taxes. People that are self-employed or paid via non-wage...
Posted by James Financial Services Inc on 03/01/2021
