Recovery rate can be defined as the percentage of defaulted debt recoverable by a lender. It can also be defined as the value of a security after said security has emerged from bankruptcy...
Posted by Rosovich & Associates, Inc. on 07/13/2023
Inheritance tax is the cost basis calculation for inherited assets against taxes owed to the state. That being said, most estates are simply too small to be charged the federal estate...
Self-employment taxes are typically levied on self-employment income of at least $400. The taxes cover Medicare and Social Security levies. Self-employment tax can be applied to any...
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 an independent contractor, you enjoy the freedom and flexibility of working for yourself. However, it also means taking on additional responsibilities, including tax management....
Posted by Rosovich & Associates, Inc. on 07/01/2023
As higher education costs continue to rise, families must plan and save for their children's educational expenses. One popular tool for saving for education is the 529 plan, named...
Posted by Rosovich & Associates, Inc. on 06/23/2023
For everyone dealing with back taxes from the IRS, there are a couple of options to help you resolve the issue. This article explores several opportunities to settle the tax...
Posted by Pat Raskob on 06/15/2023
Married people can file jointly or separately, depending on several life factors. However, unmarried people (not married by the last day of the tax year) who don't qualify for...
Posted by Rosovich & Associates, Inc. on 06/15/2023
Buying a home is one of the most significant financial decisions most people make in their lifetime. Homeownership is often seen as a symbol of success and stability, but it also comes...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/31/2023