Companies can reward their financial investors by paying dividends to shareholders. Certain dividend income may benefit from special tax treatment per the applicable tax code. This...
Obviously, it is good to save early for retirement as one will qualify for more benefits, but one also needs to prepare for taxes, when retired. Here are some proven tips to reduce...
If you own or plan to invest in ETFs or mutual funds, you need to know what capital gains distributions are, how they can affect your investments, and how they can be taxed. This is...
What is the wash-sale rule?The Wash-Sale Rule is an IRS regulation that prevents the taxpayer from making a tax deduction for security or stock sold on a wash sale. The rule establishes...
Posted by Aurelia E Weems CPA on 01/26/2021
We have seen that the stock market has hit several new highs in recent months. This is in addition to the fantastic bull market that ran for more than ten years before the rapid coronavirus...
Your basis in a business asset is essentially the cost of that asset. The term applies to all types of assets held by your business, including real estate, land, equipment, and investments...
The dividend is one of the primary ways in which companies communicate their financial health and shareholder value. By distributing the profits, companies are announcing a positive...
While looking for stocks with high dividend yields to maximize their dividend income, investors must also distinguish between stocks that pay qualified and nonqualified dividends.The...
Prices of securities in the past two months have gone haywire. One day stocks are crashing, the next day it’s zooming. There could be a bizarre dip of a low-risk bond fund in...
Posted by Tim Thompson CPA PLLC on 06/23/2020