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
As the backbone of our agricultural industry, farmers play a crucial role in providing food and resources. Operating a farm involves various financial responsibilities, including taxes....
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/02/2023
As taxpayers navigate the complex landscape of tax regulations, one important area to be aware of is the treatment of worthless securities. Worthless securities refer to stocks, bonds,...
Posted by Taxes Made EZ Inc on 06/09/2023
Form 1099-K is an essential tax document issued by payment settlement entities (PSEs) to report certain transactions made by merchants or business owners. It assists the Internal Revenue...
Posted by Pat Raskob on 06/09/2023
Cryptocurrencies like Bitcoin, Ethereum, and others have become increasingly popular investments in recent years. As with any investment, it is important to understand the tax implications...
Posted by Rosovich & Associates, Inc. on 06/09/2023
The federal solar tax credit, also called the investment tax credit, allows users to apply up to 30% of the cost of their solar energy on their federal tax. This credit can be...
If you have a hobby that earns you some income, it's important to know how it affects your taxes. The Internal Revenue Service (IRS) considers any income earned from a hobby as...
Posted by Pat Raskob on 05/16/2023
Investing in securities is a common way for individuals to grow their wealth. However, not all securities are created equal, and some investments may be classified as prohibited securities....
Posted by Rosovich & Associates, Inc. on 05/16/2023
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