Divorce is a complex and emotionally charged process, and when it comes to taxes, it can become even more challenging. A "smart tax divorce" involves making informed decisions...
Posted by Taxes Made EZ Inc on 11/30/2023
Since its inception, taxes have played a vital role in shaping the United States' economic and social landscape. From the country's early years to the modern era, the US tax...
Posted by Taxes Made EZ Inc on 07/13/2023
When a business generates losses instead of profits, it can be a financially devastating experience. However, these losses can be used to offset taxable income in the future, thereby...
Posted by Taxes Made EZ Inc on 04/27/2023
Every year, thousands of families in the United States are happy to adopt a child and welcome them into their homes. And as with any growing family, there are expenses associated with...
Posted by Rosovich & Associates, Inc. on 01/17/2023
The SECURE Act, passed in late 2019, changed the rules for saving and withdrawing money from retirement accounts. Also, it was the first major legislative change to tax laws in more...
Posted by Pat Raskob on 12/08/2022
GILTI stands for Global intangible low-tax income, which is income earned from other countries by U.S-controlled foreign corporations (CFCs), and it undergoes peripheral treatment...
Posted by Rosovich & Associates, Inc. on 11/10/2022
Nobody likes paying spousal support. At least when you pay child support, you know it is for your kids, not your ex. Long-term alimony (or maintenance, spousal support, or whatever...
Posted by Pat Raskob on 10/26/2022
Handling divorce and everything that concerns the situation is never easy, so the tax implication will likely be the last thing on your mind. Divorce affects a person emotionally,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 10/07/2022
There is no such thing as free money, but dividend reinvestments come pretty close.You will likely see assets classified as dividends in your accounts during your investment journey....