The QBI (qualified business income deduction) allows individuals to deduct up to 20% of business income, REIT dividends, or PTP income from personal income tax returns. Those who are...
Posted by Schneiderman and Friedman on 12/28/2020
Everyone that needs to pay for school fees using Coverdell ESA or 529 will likely get Form 1099-Q from the IRS. This reveals the entire withdrawal made in the year to cover your school...
Posted by Elliot Kravitz, ATP on 11/30/2020
It is critical to understand these dividends as your approach will significantly affect your taxes, and ultimately the ROI, return of your investment. The ultimate goal of all investors...
Posted by Larry Kenneth Hurt on 09/18/2020
Dependents Explained A dependent can be a qualified child or a qualifying relative with a status determined by the Internal Revenue Code (IRC) tests. To qualify for dependent...
Posted by Aurelia E Weems CPA on 09/14/2020
While looking for stocks with high dividend yields to maximize their dividend income, investors must also distinguish between stocks that pay qualified and nonqualified dividends.The...
Posted by Aurelia E Weems CPA on 08/29/2020
