As taxpayers navigate the complex landscape of tax regulations, one important area to be aware of is the treatment of worthless securities. Worthless securities refer to stocks, bonds,...
Posted by Taxes Made EZ Inc on 06/09/2023
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
Cryptocurrencies like Bitcoin, Ethereum, and others have become increasingly popular investments in recent years. As with any investment, it is important to understand the tax implications...
Posted by Rosovich & Associates, Inc. on 06/09/2023
People who earn income from their investments need to pay tax on such income. Like income from your paycheck, you must pay taxes from such income interest.No matter the value of the...
Posted by Tiffany Gaskin on 06/09/2023
Local and state governments sell municipal bonds to investors to help fund public projects like repairing a public park or building a new school. While municipal bonds pay tax-free...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/27/2023
The collection of income taxes is done on an ongoing plan. And for many, the employer pays both the federal and income state taxes by removing a percentage of the income from each...
Posted by Tiffany Gaskin on 05/26/2023
Investing in securities is a common way for individuals to grow their wealth. However, not all securities are created equal, and some investments may be classified as prohibited securities....
Posted by Rosovich & Associates, Inc. on 05/16/2023
Investing is one of the most popular methods for growing wealth, and it is an excellent way to save for long-term goals such as retirement. However, when it comes to investing, taxes...
Posted by Tiffany Gaskin on 05/16/2023
Investors receive the return on investment in the form of dividends, interest, or capital gains. Investment income is an important source of revenue for individuals, businesses, and...
Posted by Pat Raskob on 04/30/2023
