Divorce is a complex and emotionally charged process, and when it comes to taxes, it can become even more challenging. A "smart tax divorce" involves making informed decisions...
Posted by Taxes Made EZ Inc on 11/30/2023
The Earned Income Tax Credit (EITC) is a vital component of the U.S. tax code, aimed at providing financial relief to low and moderate-income individuals and families. Since its inception...
Posted by Pat Raskob on 10/23/2023
Capital gains are an important part of investing, as they offer an opportunity for wealth accumulation beyond simple dividends. Understanding how to acquire capital gains requires...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 08/31/2023
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
To revitalize economically distressed communities across the United States, the federal government introduced the Opportunity Zone program as part of the Tax Cuts and Jobs Act of 2017....
Posted by KLSM CPA Firm PLLC on 06/09/2023
In the world of taxation, the concept of constructive receipt and substantial limitation is crucial in determining the timing of income recognition. Constructive receipt refers to...
Posted by Taxes Made EZ Inc on 05/08/2023
Managing your taxes is as much about planning for next year as it is about completing and filing your taxes this year. Life does not stop. Your income or deductions may change, but...
Posted by KLSM CPA Firm PLLC on 11/17/2022
This is a type of loan given to businesses or individuals who already have large debts or bad credit history. Lenders view leverage as a higher risk of default, and therefore leverage...
Posted by KLSM CPA Firm PLLC on 07/01/2022
Accounting and bookkeeping are vital functions for your business, but they are not the same, contrary to popular belief. To help shed some light on this topic, let's explain the...
Posted by KLSM CPA Firm PLLC on 06/24/2022
