Forgiveness of debts, also known as debt cancellation, is a relief to anyone who has been in debt. But what happens afterward with the taxes? When your debt is canceled or forgiven,...
Posted by CORE PERFORMANCE on 07/31/2021
You can receive income in the form of money, goods, or services. This section deals with several types of taxable and non-taxable income. It includes discussions on employee salaries...
Posted by Carmen Garcia on 07/06/2021
The compensation structure (2 and 20) of the hedge fund includes a management and performance fee. The first 2% is a management fee that applies to the entire asset with the management....
Posted by CORE PERFORMANCE on 06/18/2021
This article sheds light on vital tax tips that can significantly help real estate investors. Be OrganizedIf you want to get back the funds you believe you deserve for the tax...
According to the IRS, tax rates will depend on the taxpayer's source of income. Your income from the sale of stocks, for example, will generally be taxed at a lower rate than your...
The process of growing your financial asset is known as investment. This can happen in various ways, like investing in an asset that will give a cash flow, rising prices, or both....
One of the primary reasons people buy annuities is the favorable tax treatment. However, even if annuity comes with tax benefits, it does not rule out the drawbacks. As a result, one...
Many people decide to have financial freedom during retirement. It might also be a good idea to take part in the 401(k) plan sponsored by the employer. This is true when you consider...
Posted by KLSM CPA Firm PLLC on 02/28/2021
When there is an installment sale for the purpose of tax, the payment for the property sale spans more than one tax year. This was one of congress's actions, which allows taxpayers...