Tax-loss selling, a.k.a tax-loss harvesting, is a strategy available to investors trading below their original cost in non-registered accounts. These investments can be stocks, bonds,...
Posted by Tiffany Gaskin on 03/10/2022
Tax planning generally involves income tax minimization strategies. For example, defer income, maximize deductions, and select tax-subsidized investments. Unlike regular tax reduction...
Posted by BEST FINANCIAL GROUP LTD on 11/11/2021
Including Forgiven Debts With Income Almost everyone who gets a debt forgiven will get a Form 1099-C (Cancellation of Debt) from the lender, which reveals the amount of debt cancelled....
Posted by Income Taxes and Bookkeeping LLC on 09/03/2021
Does the IRS take a large chunk of your cryptocurrency income? Maybe you traded one cryptocurrency for another at the right time and withdrew a lot of it in dollars, and now you have...
Posted by CORE PERFORMANCE on 05/29/2021
From the title, you can tell that worthless securities are just what they are: worthless, insignificant, and meaningless. These are securities with ZERO market value and may include...
Posted by Pat Raskob on 03/01/2021
Do you own cryptocurrencies? Maybe you bought Bitcoin years ago when it cost $ 100 and decided to make big profits in 2021. Or perhaps you got into the revolution late and bought some...
Posted by Income Taxes and Bookkeeping LLC on 02/23/2021
IRS Form 1099-A is an informational declaration that reports the application of a property. Homeowners typically receive an IRS Form 1099-A from their lender after their home has been...
Posted by Taxes Made EZ Inc on 11/19/2020
There are two ways a business can make or lose money. You can profit from your sales activities or lose money by spending more than what you earn from sales. You can also earn or lose...
Posted by Dennis Jao on 09/18/2020
Technology has redefined investment. Gone are the days when investors turned to chalk, paper, and blackboards while tracking trades and making calculations during trading. Today, as...
Posted by Dennis Jao on 08/31/2020
