Taxes and subsidies are integral components of a nation's fiscal policy, playing a pivotal role in the economic well-being of a country. In the United States, the Internal Revenue...
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,...
Dividend income is a source of financial growth and stability for many investors. While the Internal Revenue Service (IRS) typically taxes dividend income, certain types of dividends...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 10/10/2023
An annuity is a customisable contract typically issued by an insurance entity which converts your premiums into a guaranteed fixed income stream. You can consider an annuity as a legal...
Posted by Taxes Made EZ Inc on 09/07/2023
The Medicare programme, which primarily serves seniors 65 and older, is a significant government-sponsored healthcare programme in the United States. Understanding the details of Medicare...
Posted by Rosovich & Associates, Inc. on 08/31/2023
For individuals receiving disability benefits, understanding the tax implications of these payments is crucial. Disability benefits can come from various sources, such as Social Security...
Posted by Taxes Made EZ Inc on 08/22/2023
Self-employment allows individuals to be their boss and pursue their passions while managing their businesses. However, this autonomy comes with additional financial responsibilities,...
Posted by Taxes Made EZ Inc on 08/11/2023
In life insurance, universal life insurance stands out as a versatile and flexible policy that provides both a death benefit and a cash value component. Unlike term life insurance,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/13/2023
As the backbone of our agricultural industry, farmers play a crucial role in providing food and resources. Operating a farm involves various financial responsibilities, including taxes....
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/02/2023