The Trader Tax Status (TTS) is for taxpayers who make a living selling and buying securities. The scheme has numerous benefits for day traders, such as remitting business expenses,...
Posted by Dennis Jao on 03/14/2023
One good thing about trading is that all you have to do to become a trader is get started. Many people trade as a hobby, while others trade full-time for a living, and some traders...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 10/16/2022
Taxpayers find filing taxes hectic because it consumes more than thirteen hours of their time. The time consumed can extend beyond those hours depending on the complexity of your financial...
Posted by KLSM CPA Firm PLLC on 10/16/2022
The United States is one of the strongest nations in the world. Giant buildings, cosmic infrastructure, technological advancements, and a literate population make this country one...
Posted by Dennis Jao on 03/10/2022
Today, relatively few Americans itemize deductions on their tax returns. You can claim either the standard deduction or the itemized deductions, but not both. And, of course, you always...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 02/08/2022
Anyone can file a tax extension. If you've been out of town, faced an emergency, or just don't have the right documents, you may need more time to file your tax return. Even...
Posted by Pat Raskob on 02/08/2022
Tax-Free holidays provide a reduction in sales tax and can be a great way to save back to school this year.You will usually find that the price of your items will increase when you...
Posted by Tiffany Gaskin on 10/24/2021
What is an abandoned property?The abandoned property is unused property, an inactive account, or an asset that has been transferred to the state after several years of inactivity or...
Posted by Dennis Jao on 10/18/2021
Almost all retirees look forward to their Social Security benefits as it is the principal sustenance for many seniors in their golden age. Also, since many people pay into Social Security...
Posted by Tiffany Gaskin on 09/09/2021
