A charitable gift annuity is a contract between a charity and a donor bound by some terms explained below:The donor makes a considerable gift to the charity via cash, security or other...
Posted by Rosovich & Associates, Inc. on 08/24/2021
Perhaps you are considering if it is time to refinance your mortgage; if that is the case, then you need to know how much you can save and how much it will cost to refinance.Ideally,...
Posted by Pat Raskob on 08/15/2021
Many small business owners believe that doing many things themselves can help save money. This, however, is not true of finances as an accountant can save you a lot of money in the...
Posted by Pat Raskob on 07/24/2021
Taxes are one of the only certainties in life, and cryptocurrencies are no exception.Yes, your Bitcoin is taxable. The IRS treats ownership of cryptocurrencies as "property"...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/06/2021
Your credit can take the biggest hit after bankruptcy - the negative sign can stay on your credit report for ten years. But you can rebuild your credit with hard work and responsible...
Posted by Taxes Made EZ Inc on 07/06/2021
For federal tax purposes, inheritance is not classified as income, no matter what you inherited – cash, property, or investment. However, whatever you earn on such an inherited...
Posted by Pat Raskob on 07/06/2021
With a health savings account (HSA), anyone that has a high deductible health plan that qualifies can use pre-tax dollars for approved medical expenses. The money is kept using an...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 06/25/2021
Many economists analyze the economic policies of the Biden administration and conclude that inflation is an almost forgone conclusion. Regardless, we are already seeing an increase...
Posted by Pat Raskob on 06/25/2021
A tax credit allows you to deduct a certain amount of money from the taxes you owe. It differs from a tax deduction, which allows you to reduce your taxable income. Tax credits are...
Posted by Rosovich & Associates, Inc. on 06/24/2021