In personal finance, planning for the future is essential to securing a stable and comfortable life. A deferred compensation plan is one of the most powerful tools available to individuals...
Posted by Pat Raskob on 09/13/2023
Capital gains are an important part of investing, as they offer an opportunity for wealth accumulation beyond simple dividends. Understanding how to acquire capital gains requires...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 08/31/2023
Stock options are a form of compensation that many companies offer to their employees. They give employees the right to buy shares of the company's stock at a predetermined price,...
Posted by Taxes Made EZ Inc on 08/17/2023
Self-employment taxes are typically levied on self-employment income of at least $400. The taxes cover Medicare and Social Security levies. Self-employment tax can be applied to any...
Posted by Pat Raskob on 07/07/2023
One of the smart money moves one can make toward retirement is to roll over your 401(k) to your Individual Retirement Account (IRA). This is especially good for people adjusting...
Posted by KLSM CPA Firm PLLC on 06/15/2023
When it comes to tax planning, one of the critical considerations is how to minimize your tax liability. However, tax planning requires understanding the tax laws and regulations governing...
Posted by KLSM CPA Firm PLLC on 05/08/2023
Investors receive the return on investment in the form of dividends, interest, or capital gains. Investment income is an important source of revenue for individuals, businesses, and...
Posted by Pat Raskob on 04/30/2023
Form 8949 is a tax form individuals use to report the sale or exchange of capital assets, such as stocks, bonds, mutual funds, and real estate. The form calculates and reports any...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 03/14/2023
The tax treatment of dividends in the United States depends on whether the IRC (Internal Revenue Code) classifies them as qualified or ordinary dividends (also called non-qualified...
Posted by KLSM CPA Firm PLLC on 12/27/2022
