There exist two kinds of dividends, qualified and ordinary dividends. Ordinary dividends are taxed at the income tax rate, and qualified dividends are taxed at a lower special rate.As...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 08/24/2021
Young families should make these changes throughout the year to keep their taxes low. Here are the areas you should be looking to save:Give yourself a raise.If you received a huge...
Posted by Income Taxes and Bookkeeping LLC on 08/06/2021
You probably already have an opinion on annuities. Maybe you are firm for or against them. However, it's also very likely that you don't know much about them and want to find...
Posted by Unifirst Financial & Tax Consultants on 06/18/2021
Investing in funds is not yet common among most new investors. Many retail investors turn to stocks and fixed deposits to start investing in. In this article, we'll examine which...
Posted by James Financial Services Inc on 03/31/2021
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
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...
Posted by Unifirst Financial & Tax Consultants on 02/28/2021
When you find yourself as the beneficiary of an Individual Retirement Account (IRA) and the IRA owner passes away, you are told that you have received a tax-free inheritance. Well,...
Posted by BEST FINANCIAL GROUP LTD on 12/15/2020
A type of fringe benefit offered to employees of a certain business is an employee stock purchase plan (ESPP). The business allows the employees’ option to purchase the company’s...
Posted by Taxes Made EZ Inc on 07/09/2020
Do you want to save thousands of dollars when filing for your 2019 taxes this year? A great time to look into saving strategies is the end of December and we’ll explain it the...
Posted by Unifirst Financial & Tax Consultants on 02/14/2020
