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
The Alternative Minimum Tax (AMT) is a federal tax system designed to ensure that high-income individuals pay their fair share of taxes. The AMT was introduced in 1969 to target high-income...
Posted by Taxes Made EZ Inc 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
The Fair Debt Collection Practices Act (FDCPA) was enacted in 1977 to protect consumers from abusive and deceptive practices by debt collectors. FDCPA is designed to provide consumers...
Posted by Rosovich & Associates, Inc. on 05/08/2023
Estate planning is an important part of managing your assets and ensuring your wishes are fulfilled after you pass away. One aspect of estate planning that often goes overlooked is...
Posted by Taxes Made EZ Inc on 04/30/2023
Property taxes are one of the many types of taxes that property owners have to pay. These taxes are levied on real estate, including land, buildings, and other structures, and are...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 04/27/2023
An annuity is a financial product that provides a stream of payments to an individual in exchange for an initial investment. Annuities can be a useful tool for retirement planning,...
Posted by Taxes Made EZ Inc on 04/09/2023
Any mistake on a tax return equals money, hard-end money. Either you are losing it by paying taxes, interest, and penalties or getting a fat refund. In addition to the former, you...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 04/09/2023