When considering annuities, it is essential to understand the tax implications. Many people, however, might be surprised because the taxation of pensions differs. This article explores...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 06/15/2023
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
Health Savings Accounts (HSAs) are tax-advantaged accounts that allow individuals to save for medical expenses. HSA contributions are tax-deductible, and the funds in the account grow...
Posted by Pat Raskob on 05/31/2023
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
Investors receive the return on investment in the form of dividends, interest, or capital gains. Investment income is an important source of revenue for individuals, businesses, and...
Posted by Pat Raskob on 04/30/2023
Real estate investors looking to maximize their profits while minimizing their taxes should consider a like-kind exchange, also known as a 1031 exchange. This strategy allows investors...
Posted by Pat Raskob on 04/27/2023
Form 8949 is a tax form individuals use to report the sale or exchange of capital assets, such as stocks, bonds, mutual funds, and real estate. The form calculates and reports any...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 03/14/2023
It is normal for all taxpayers to look for ways to increase their tax refund and convert it into money. There are legal methods of increasing tax funds, but this article will focus...
Posted by Rosovich & Associates, Inc. on 03/01/2023
A zero-coupon bond is a type of bond that does not pay periodic interest (coupons) to the investor, unlike traditional bonds. Instead, the bond is sold at a discount from its face...