Local and state governments sell municipal bonds to investors to help fund public projects like repairing a public park or building a new school. While municipal bonds pay tax-free...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/27/2023
Whatever difference a bank incurs when its income is subtracted from its assets that bear interest, alongside the costs used to satisfy the liabilities that bear interest.The difference...
Posted by Rosovich & Associates, Inc. on 05/26/2023
In the world of taxation, the concept of constructive receipt and substantial limitation is crucial in determining the timing of income recognition. Constructive receipt refers to...
Posted by Taxes Made EZ Inc on 05/08/2023
Taxes are an essential part of our economy and help fund various government services and programs. However, navigating the world of taxes can be confusing and overwhelming for many...
Posted by Pat Raskob on 04/09/2023
A credit card benefits a graduate, undergraduate, or even a non-traditional student. However, having one that satisfies all purposes is the best. Another reason is having a good credit...
Posted by Taxes Made EZ Inc on 03/01/2023
Liens and Levies are two different legal actions that the Internal Revenue Service (IRS) can take to collect outstanding tax debts from taxpayers. Understanding the difference between...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 02/07/2023
Real agents help home buyers or sellers navigate the complex process of buying or selling a home. These professionals are licensed, experienced, and knowledgeable in finding homes,...
Who counts as an independent contractor versus an employee may be about to change, as a new proposal from the US Department of Labor (DOL) suggests revamping the classification of...
Posted by Rosovich & Associates, Inc. on 01/30/2023
A defined benefit plan, more commonly known as a pension plan, provides guaranteed retirement benefits to employees. Defined benefit plans are primarily funded by the employer, with...