The tax treatment of dividends in the United States depends on whether the IRC (Internal Revenue Code) classifies them as qualified or ordinary dividends (also called non-qualified...
Posted by KLSM CPA Firm PLLC on 12/27/2022
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
Every time you file your taxes, a trail of paperwork is involved. Once you've settled with the IRS, you might be tempted to throw away all those documents. But the IRS recommends...
Posted by KLSM CPA Firm PLLC on 12/08/2022
You may be rewarded with dividends when you invest in a company by buying individual stocks, mutual funds, or exchange-traded funds (ETFs). A dividend is a per-share portion of a company's...
Posted by Dennis Jao on 10/26/2022
Income tax is paid on earned income, interest, dividends, royalties, or self-employment in the form of services, money, or goods. Capital gains tax is paid on income from the sale...
Posted by KLSM CPA Firm PLLC on 04/17/2022
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
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
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
Traders can enjoy significant tax savings and here are some rules that the IRS checks before qualifying traders.Hours: It would help if you spent at least four hours per day trading...
Posted by Don Bell Law on 12/20/2020
