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,...
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
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...
One of the many questions I get as a tax and financial advisor is what business structure to choose when you are starting a business. Liability notwithstanding, a big determining factor...
Posted by Terrance Hutchins, CLU, CFP, RICP, EA on 01/21/2020
Everyone wants to reduce their taxes and their taxable income, especially retirees and those who are living on a fixed income. They want to lower their tax liability more than anyone...
If you received dividend income for 2015, you will need to report this income to the IRS and to the State of Maryland. Dividend income is divided into two categories by the IRS,...
For many investors that buy stocks in corporations, they have often found themselves in receipt of dividends on a quarterly or annual basis. However, there are several different...