For many individuals who are saving for retirement, a Roth IRA can be very appealing. Most taxpayers prefer to pay the taxes now versus in the future, where they might not now the...
For many individuals who are saving for retirement, a Roth IRA can be very appealing. This is because you pay income taxes on the contributions when you add them to the IRA, versus...
When it comes to choosing retirement savings options, a traditional IRA cannot always match a Roth IRA. This is because you pay income taxes on the contributions when you add them...
Posted by James Wells EA MBA Tax Office on 02/23/2016
Investing in rental properties can be a significant income stream or provide an income supplement. However, this investment also comes with potential tax implications. Working with...
Taxes are complicated. However, the least complicated thing about taxes are the tax brackets. If your income is between certain numbers, then you pay whatever rate is associated with...
For most investors, and even certain tax accountants, sorting through the multifaceted IRS rules on investment taxes can undoubtedly be a nightmare. Drawbacks abound, and the consequences...
Entrepreneurship can be real rewarding when it comes to freedom and financial stability, however, if you own a small business, and it has kicked off really well, there is one thing...
For most investors, and even certain tax accountants, sorting through the multifaceted IRS rules on investment taxes can undoubtedly be a nightmare. Drawbacks abound, and the consequences...
For some people, filing their taxes is like playing the lottery. They often do not understand the taxing process (no one understands it completely), but they assume that they...
Posted by Allan J Rolnick, CPA, CTC on 01/21/2016