The Internal Revenue Service (IRS) is legally responsible for collecting federal taxes in the United States. Every tax payer understands that dealing with the IRS can be stressful,...
Posted by Pat Raskob on 09/07/2023
Cancellation of debt or debt cancellation, as it is sometimes referred to as, happens when a creditor relieves the borrower from any debt obligations they may have. Debtors in this...
Posted by Taxes Made EZ Inc on 08/31/2023
Tax-free investments are a cornerstone of a well-rounded financial portfolio, allowing investors to grow their wealth while minimizing the impact of taxes. These investments provide...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 08/22/2023
For individuals receiving disability benefits, understanding the tax implications of these payments is crucial. Disability benefits can come from various sources, such as Social Security...
Posted by Taxes Made EZ Inc on 08/22/2023
Stock options are a form of compensation that many companies offer to their employees. They give employees the right to buy shares of the company's stock at a predetermined price,...
Posted by Taxes Made EZ Inc on 08/17/2023
Managing your finances efficiently is crucial, especially when it comes to handling taxes. One valuable tool at your disposal is a credit card that offers benefits tailored to IRS...
Posted by Pat Raskob on 07/23/2023
Separation of liabilities can be defined as a legal concept that refers to the division of tax liabilities between individuals or entities. This is typically used in the context of...
Posted by Taxes Made EZ Inc on 07/23/2023
In life insurance, universal life insurance stands out as a versatile and flexible policy that provides both a death benefit and a cash value component. Unlike term life insurance,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/13/2023
Recovery rate can be defined as the percentage of defaulted debt recoverable by a lender. It can also be defined as the value of a security after said security has emerged from bankruptcy...
Posted by Rosovich & Associates, Inc. on 07/13/2023