Capital gains are a different type of income from normal corporate profit income. Capital gains taxes come into play in the sale of a business because the capital assets are being...
Capital gains tax for U.S. citizens living abroad can be complex due to expatriate tax laws and regulations. Whether you are selling your home overseas or renting out a property, this...
Posted by James Financial Services Inc on 04/30/2021
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...
Posted by KLSM CPA Firm PLLC on 04/06/2021
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...
Posted by Karen Munoz, EA on 03/05/2021
Selling your property or other assets can be a lucrative endeavor. Sellers should be aware that there could be tax implications from the gains on the sale of these assets. Unifirst...
Posted by Unifirst Financial & Tax Consultants on 12/03/2020
Pension FundsPension fund is a type of plan in which employers, workers, or both decide to put aside funds to make life easier during retirement. The pension company invests the money...
Posted by James Financial Services Inc on 09/28/2020
Ready or not, the tax return changed again during the 2020 tax season. In 2018, the IRS significantly reduced the Form 1040, completely revising the previous traditional version and...
Prepared or not, tax return reporting was amended once more for the 2020 tax year. The IRS considerably fused the Form 1040 in 2018 which results in a total reconstruction of the old...
Posted by Freddie Cook, CPA on 04/03/2020
Each investor wants their investments to increase in value. But when you sell an attractive investment, you can't keep all of your income. Instead, the IRS steps in with capital...
Posted by Larry Hurt on 02/15/2020
