If you buy, trade, or earn cryptocurrency in any way, it's important that you at least know how these activities can affect your tax obligations.In many jurisdictions today, including...
Getting a fiat loan on your appreciated crypto is a great way to withdraw money without paying capital gains tax. This article will analyze several transactions associated with a cryptocurrency...
The process of growing your financial asset is known as investment. This can happen in various ways, like investing in an asset that will give a cash flow, rising prices, or both....
A step-up in basis can help you save a lot of money at the time of taxation. The term refers to income tax and capital gains and can save you a lot of money if you decide to sell an...
If you're inheriting a relative's home, President Biden's plans to eliminate the stepped-up basis tax rule should be of concern to you. You may have seen bits of news on...
Suppose you have an investment property, such as a house, apartment, condominium, or commercial property that you rent out. In that case, you usually have to pay capital gains tax...
Posted by James Financial Services Inc on 03/19/2021
Classifying assets between liabilities and non-liabilities is not an easy task. This can often determine whether a current income deduction is received or what tax rate should be applied....
One of the most stressful events in life is experiencing financial difficulty. Whether personally or in your business, it can take its toll on one's well being. It might become...
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...