Americans do not like the estate tax, but they love the wealth tax. What's up with this?Both taxes focus their burden on the nation's most fortunate few. Both promise to dismantle...
Posted by Tiffany Gaskin on 11/11/2021
Every investment opportunity is excellent for people who seek long-term and consistent returns, but real estate is in a class of its own. Real estate is a most profitable investment...
Posted by Abundant Wealth Planning LLC on 09/30/2021
The legislative arm of the government, known as Congress, is in charge of formulating the Internal Revenue Code (IRC), also known as the tax code. This tax code guides tax collection,...
Using a section of your home for business makes you qualify for some deductions, which Uncle Sam calls the "business use of your home." As long as one meets all the requirements,...
When you find yourself as the beneficiary of an Individual Retirement Account (IRA) and the IRA owner passes away, you are told that you have received a tax-free inheritance. Well,...
Owning a vacation home or a main dwelling in a location frequented by vacationers opens you up to income options like vacation rental, or temporary rental. With online markets...
There are many different expenses that small businesses are allowed to deduct on their annual tax returns. These deductions vary from business to business; however, the standard deductions...
Many taxpayers do not like taking the home office deduction because they fear they might raise some eyebrow from the IRS. Sadly, this is true, especially if you take excessively large...
People that own a car or a truck will not be strangers to property taxes. These are taxes levied by the local government. The government uses the money majorly for projects and other...