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
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
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
Filing an income tax form for a deceased person is a requirement that must be fulfilled by the executor of the deceased person's estate. The executor is responsible for filing...
Posted by Rosovich & Associates, Inc. on 05/31/2023
Local and state governments sell municipal bonds to investors to help fund public projects like repairing a public park or building a new school. While municipal bonds pay tax-free...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/27/2023
Whatever difference a bank incurs when its income is subtracted from its assets that bear interest, alongside the costs used to satisfy the liabilities that bear interest.The difference...
Posted by Rosovich & Associates, Inc. on 05/26/2023
Filing taxes is a necessary obligation that all citizens and residents of the United States must complete. This is also true for those serving in the military, including those deployed...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/16/2023
If you have a hobby that earns you some income, it's important to know how it affects your taxes. The Internal Revenue Service (IRS) considers any income earned from a hobby as...
Posted by Pat Raskob 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