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
Taxpayers who fail to comply with tax laws may be subject to penalties and interest charges by the Internal Revenue Service (IRS). Penalties and interest can quickly increase the amount...
Posted by Taxes Made EZ Inc on 05/31/2023
Life insurance is an insurance type that pays your loved ones after you pass away. Whole life insurance, on the other hand, is a type of life insurance that has many features. It benefits...
Posted by Taxes Made EZ Inc on 05/27/2023
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
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
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
When a business generates losses instead of profits, it can be a financially devastating experience. However, these losses can be used to offset taxable income in the future, thereby...
Posted by Taxes Made EZ Inc on 04/27/2023
Dealing with tax issues can be stressful and overwhelming. But with the right approach, it's possible to resolve tax problems and get back on track successfully. Here are some...
Posted by Taxes Made EZ Inc on 04/21/2023
The tax situation is an overwhelming condition for self-employed individuals. Many could be unsure of the rules, options, financial obligations, and how to handle the situation. In...
Posted by Pat Raskob on 04/21/2023