Income tax is paid on earned income, interest, dividends, royalties, or self-employment in the form of services, money, or goods. Capital gains tax is paid on income from the sale...
Posted by KLSM CPA Firm PLLC on 04/17/2022
President Joe Biden presented his plan for American families in late April, one of three aspects of the Build Back Better program that guided the first 100 days of his presidency....
Posted by Tiffany Gaskin on 06/24/2021
Unknown to many people, the proceeds from selling a house might be taxable. However, this article sheds light on the mode of operation and simple ways to avoid ending up with a huge...
Posted by Rosovich & Associates, Inc. on 02/16/2021
If you own or plan to invest in ETFs or mutual funds, you need to know what capital gains distributions are, how they can affect your investments, and how they can be taxed. This is...
Posted by Dennis Jao on 02/07/2021
There are two ways a business can make or lose money. You can profit from your sales activities or lose money by spending more than what you earn from sales. You can also earn or lose...
Posted by Dennis Jao on 09/18/2020
You may be subject to capital gains tax when you gain from the sale of an asset, such as a business, land, or shares. Capital gains are sometimes taxed at the same rate as ordinary...
Posted by CORE PERFORMANCE on 02/28/2022
Individuals can exclude up to $250,000 of income from capital gains tax on the sale of their primary residence, thanks to the Internal Revenue Code (IRC) exclusion of home sales. Married...
Posted by Elliot Kravitz, ATP on 06/11/2021
