Unclaimed property refers to assets, financial accounts, or other holdings that have been abandoned or forgotten by their rightful owners. These assets may include uncashed checks,...
Posted by Pat Raskob on 07/13/2023
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
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...
When it comes to filing your taxes, understanding the concept of Adjusted Gross Income (AGI) is crucial. AGI serves as the starting point for determining your taxable income, and it...
Posted by Taxes Made EZ Inc 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
The Internal Revenue Service (IRS) has specific guidelines and requirements when deducting medical expenses on your income tax return. One common question that arises is whether a...
Posted by Taxes Made EZ Inc on 06/23/2023
As a responsible taxpayer, understanding your obligations and staying on top of your tax payments is crucial to avoid penalties and ensure a smooth tax-filing process. One important...
Posted by Pat Raskob on 06/23/2023
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
When considering annuities, it is essential to understand the tax implications. Many people, however, might be surprised because the taxation of pensions differs. This article explores...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 06/15/2023