Recovery rate can be defined as the percentage of defaulted debt recoverable by a lender. It can also be defined as the value of a security after said security has emerged from bankruptcy...
Posted by Rosovich & Associates, Inc. on 07/13/2023
You may have payable bills (unclaimed checks) that you cannot send to a vendor, overpayments to a customer, unclaimed paychecks from an employee, or other properties that belong to...
Posted by Taxes Made EZ Inc on 03/10/2022
1031 exchange is simply a swap of an investment property for another. Since most swaps are considered sales, they are taxed. Meeting the requirement of 1031 will remove or reduce your...
Due to the coronavirus pandemic, the IRS recently announced a 90-day tax payment extension in the U.S. For most Americans, it can be confusing as to what it covers and what the extension...
What a great time of year it is, the weather is starting to warm up, we have March Madness, and most important(lol) the end of the tax season. Tax season doesn’t have to be a...
Posted by Terrance Hutchins, CLU, CFP, RICP, EA on 01/21/2020
IRS direct pay is a newly launched web-based system that enables taxpayers to pay their tax bills and calculates their tax payments through online. The payments will be directly charged...
Posted by YourIRSTaxAdvocate.com on 01/19/2020
The final regulations around the increased gift and estate tax exclusion amounts in effect from 2018-2025 has been issued finally by the Treasury Department and the Internal Revenue...
Are you planning to sell something such as a share of stock, for more than you paid for it? Then you’re generally going to be taxed on the value that increased. The term “capital...
Posted by YourIRSTaxAdvocate.com on 09/30/2019
Income tax in Canada is duly administered by Canada Revenue-Agency. The time period taken into account is between January 1 and December 31 of a financial year. In case you owe personal...
Posted by The Accounting and Tax on 08/20/2019