Partnerships should use Schedule K-1 tax forms to distinguish partnership income from owners' income. By doing this, your business will more likely avoid the $54,171 tax penalties...
Posted by Taxes Made EZ Inc on 11/17/2022
You've probably heard the terms stock and bond, but what exactly are they? Simply put, stocks and bonds are two types of investments that can be included in an investment portfolio....
Posted by Taxes Made EZ Inc on 08/11/2022
A blockchain is an improved database containing records of transactions stored in an unaltered ledger. It makes transactions easy to track since no one person has exclusive rights...
Posted by Pat Raskob on 05/10/2022
The real estate market is an ever-changing market that affects our economy by buying, selling, renting properties, among other business opportunities. We often hear about sales profits,...
Posted by Rosovich & Associates, Inc. on 04/24/2022
As part of the Internal Revenue Code, specific organizations would have to report their activities for every calendar year for documentation purposes. Such organizations must fill...
Posted by Rosovich & Associates, Inc. on 04/17/2022
Given the disruption of blockchain in financial services and their subsequent widespread application across industries, it's hard to find a segment that the technology hasn't...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 02/15/2022
When you change your location, many entities need to be updated on such status changes – credit card firms, fitness memberships, magazine subs, etc. There is a big probability...
On filing for a tax deduction, you have to consider your filing status. Your position in your household determines your status. Your status determines the tax bracket you are categorized...
Posted by Pat Raskob on 11/04/2021
If you want to restrict others from viewing your credit report, a credit freeze is the right step. While this is an extreme step, it is necessary in some cases, for instance, when...
Posted by Pat Raskob on 10/24/2021