A reverse mortgage is a means of generating income when you employ the equity in your home. This loan provides an excellent way for seniors to get money if finances are not working...
It's tricky to make the mistake of believing that perhaps the benefits of the Roth IRA are limited to retirement. After all, you've presumably been told that you can...
Posted by CORE PERFORMANCE on 02/23/2021
A cryptocurrency wave has led to the rise of Bitcoin to over $30,000 per coin, with everyone scrambling for their share of the digital currency. However, if you are interested in cryptocurrencies,...
According to Uncle Sam, miscellaneous expenses are write-offs that cannot be classified into any tax category. Examples are work uniform, clothes, work, equipment, boots, alongside...
What if you had the chance to win an award of excellence for your outstanding contributions to art, community service, or science? Do you have to pay income tax on this amount? The...
An alternative minimum tax puts a cap on the tax percentage amount every taxpayer must pay no matter the deductions or credit they claim. As long as your income is above a specified...
Points to NoteBecoming an independent contractor can be tempting for employees who work from home, count on the client's work, and claim a large number of tax deductions, including...
Debt management is difficult, especially when it comes to credit. Increasing debt can hurt your credit score, and bad credit can make eligibility for low-interest loans more difficult,...
Posted by Freddie Cook, CPA on 06/22/2020
Your estate planning is not completed without the medical power of an attorney. Also called the durable power of attorney, it is a legal document that authorizes someone to take some...
Posted by Elliot Kravitz, ATP on 06/22/2020