You've probably heard the terms stock and bond, but what exactly are they? Simply put, stocks and bonds are two types of investments that can be included in an investment portfolio....
Posted by Taxes Made EZ Inc on 08/11/2022
When you earn from selling an asset, such as a business, land, or stock, you may be subject to capital gains tax. Capital gains can be taxed at the same rate as ordinary income, up...
Posted by James Financial Services Inc on 08/11/2022
In the past, the State and Local Tax (SALT) deduction was perhaps the most popular tax deduction in America.You probably remember your parents or grandparents keeping all their receipts,...
Posted by James Financial Services Inc on 07/31/2022
Many people believe that "estate planning" and "succession planning" are two ways of saying the same thing. In reality, however, they are separate processes with...
Posted by Dennis Jao on 07/31/2022
You've probably heard somewhere that buying multiple properties is a surefire way to become a millionaire. While owning a rental property is indeed a way to start the process of...
Posted by Abundant Wealth Planning LLC on 07/18/2022
The most common method used to pay off old IRS debt is the Monthly Payment Agreement or Installment Agreement. If you owe the IRS $50,000 or less, you can only get a 72-month installment...
Posted by Pat Raskob on 07/12/2022
Although the alternative minimum tax (AMT) is an alternative method of calculating income tax, the "minimum" aspect is somewhat of a misnomer: the taxpayer must calculate...
Posted by Abundant Wealth Planning LLC on 07/09/2022
When you have a small or medium estate, real estate planning is quite complex. But this can be further complicated by a larger estate. You are more likely to face state or federal...
Posted by BEST FINANCIAL GROUP LTD on 07/09/2022
The rules for filing alimony income on your tax return changed with the 2019 fiscal year. Alimony income or payments are no longer tax-deductible, and the receipt of alimony is not...
Posted by KLSM CPA Firm PLLC on 07/09/2022
