The loss of a loved one can lead to emotional burden and significant financial debt related to the settling of the estate. If you are the beneficiary of a retirement plan's assets,...
Posted by Karen Munoz, EA on 07/17/2021
Taxes are one of the only certainties in life, and cryptocurrencies are no exception.Yes, your Bitcoin is taxable. The IRS treats ownership of cryptocurrencies as "property"...
Posted by Jim McClaflin, EA, NTPI Fellow on 07/06/2021
Exchange-traded funds are investment types that combine the best advantage of two assets. As a result, users enjoy the benefit of diversification of mutual funds alongside the ease...
Posted by Karen Munoz, EA on 06/18/2021
For people that have combined their finances with their partner over the years, having to file your taxes alone might be a shock. However, there is enough information to make filing...
Posted by Abundant Wealth Planning LLC on 06/11/2021
As a business owner, do you know how to make your assets work for you?When running a business, you will inevitably have to bear the costs of purchasing products and resources to keep...
Posted by Unifirst Financial & Tax Consultants on 06/04/2021
During tax filing, it is not compulsory to submit a receipt or any other paperwork to prove your deductions. However, when you get an audit deduction, you need to verify your expenses...
Posted by Abundant Wealth Planning LLC on 05/30/2021
When you buy personal effects for your business, such as a car or a computer, that last more than a year, you should gradually deduct the cost over several years. This process is called...
After death, many people love to have their properties go to their heirs. However, inheritance tax limits the value of the property that eventually gets to the recipient. This...
Posted by Thomas G Kinsella, ATP on 05/29/2021
Everyone with assets will know that keeping such assets safe is a top priority as there are various threats to one's ownership of such assets like divorce, lawsuits and creditors. With...
Posted by Daniel P Vigilante CPA and Profit Consultants on 05/24/2021
