Although it may seem little, the interest you earn during the year is not tax-free. The interest is subject to the same tax rates as the rest of the income.Sources of interest income...
Posted by LLOYD J CAZES CPA on 11/25/2019
Savings bonds are considered a relatively safe investment for those looking to grow their income. While the interest rate might not necessarily match the rate of return on certain...
For a variety of investors who are looking to diversify their portfolio, it can go beyond just choosing investments in a variety of industries. This can include investing in a global...
You’ve scheduled your appointment with Professional Accounting Services, Inc. in Owing Mills, Maryland, and you are ready to get started! But where do you start? Besides...
If you are an investor and have received interest income over the 2015 tax year, you must file that income on your taxes. If you’ve received more than $1,500.00 in taxable...
When choosing an investment, many individuals look to savings bonds. While the interest rate might not necessarily match the rate of return on certain stocks, these bonds are typically...
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....
If you are preparing for your tax appointment in Las Vegas, NV, it helps to be prepared. When you go into the appointment unprepared, you may not be able to file your taxes and...
Posted by Laurence Smith on 01/05/2016