A tax identification number, also known as TIN, is a distinct nine-digit number directed at individuals, businesses, or others for the sole purpose of taxes and other IRS issues. The...
Posted by Taxes Made EZ Inc on 09/15/2020
A type of fringe benefit offered to employees of a certain business is an employee stock purchase plan (ESPP). The business allows the employees’ option to purchase the company’s...
When consumers do not pay for loans, primarily cars, they are subject to a repossession. The damage caused by repossession goes far beyond the loss of the vehicle.What is Repossession?The...
Posted by Taxes Made EZ Inc on 05/18/2020
Purchasing a home is a significant financial milestone, and one of the most fundamental decisions you'll face is how to finance your purchase. While many homebuyers opt for a mortgage...
Spouses who live in one of the nine community property states must classify their income as community income or separate income when filing separate federal income tax returns. In...
Posted by KLSM CPA Firm PLLC on 01/17/2023
Purchasing a home is often the most important financial decision of our lives, and for most of us, that means getting a mortgage. Mortgages can mean long-term borrowing at a relatively...
Posted by KLSM CPA Firm PLLC on 08/24/2022
Small businesses have other tangible struggles in the economy. Owners of these businesses are looking for ways to cut expenses while saving more. And one of the ways to reduce costs...
Posted by KLSM CPA Firm PLLC on 06/11/2022
Except when you are selling for financial distress, selling the home is expected to yield a lot of profit for you. But there's a pitfall: capital gains tax. So many homeowners...
Posted by CORE PERFORMANCE on 05/09/2022
Income tax is paid on earned income, interest, dividends, royalties, or self-employment in the form of services, money, or goods. Capital gains tax is paid on income from the sale...
Posted by KLSM CPA Firm PLLC on 04/17/2022