If you're a savvy entrepreneur or a small business owner running two businesses simultaneously, you're likely looking for ways to maximize your tax deductions. Fortunately,...
Partnerships should use Schedule K-1 tax forms to distinguish partnership income from owners' income. By doing this, your business will more likely avoid the $54,171 tax penalties...
Posted by Taxes Made EZ Inc on 11/17/2022
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....
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
You might think that the only time there would be taxes on an IRA or other type of retirement account would be when you make withdrawals or distributions. However, some income received...
Posted by Taxes Made EZ Inc on 06/06/2021
When starting a business, one of the first decisions you'll face is what type of business to register for. The type of business you choose will affect your taxes, obligations,...
On January 5, 2021, the Treasury and IRS released a second set of final business interest expense deduction regulations (the 2021 Final Regulations) that provide additional rules to...
The rise of online and discount brokerages is making people interested in trading and the stock market. However, taking advantage of the various strategies on asset protection and...
Few of small businesses that start survive for more than ten years. These points to the fact that running a small business successfully is pretty hard. It gets more complicated when...
Posted by Management & Tax Services on 02/18/2020