Mutual fund taxes generally include dividend and capital gains taxes, while the investor owns mutual fund shares and capital gains taxes when selling units of the mutual fund. The...
Posted by LLOYD J CAZES CPA on 11/25/2019
Are you planning to sell something such as a share of stock, for more than you paid for it? Then you’re generally going to be taxed on the value that increased. The term “capital...
Posted by YourIRSTaxAdvocate.com on 09/30/2019
Dividends are a type of investment income that is stock generated, and also from mutual funds containing stocks. They stand as a taxable share of corporate profits that are paid out...
Posted by LLOYD J CAZES CPA on 07/25/2019
If you received dividend income for 2015, you will need to report this income to the IRS and to the State of Maryland. Dividend income is divided into two categories by the IRS,...
Filing taxes can be quite burdensome and taxing. Given the complexity involved in filing taxes, it is not surprising that many people make mistakes when submitting tax returns. These...
In order to report various forms of income or to take advantage of various deductions, the IRS typically requires you as the taxpayer to complete various forms known as tax schedules....
Receiving a 1099 is not a joyous occasion and if you were not expecting one, then you may not be tickled to see it in the mail. A 1099 means that you owe taxes on income you have received....
Posted by Asharp Bookkeeper on 10/30/2015