Investing in rental properties can be a significant income stream or provide an income supplement. However, this investment also comes with potential tax implications. Working with...
College is expensive. Statistics indicate that it is just getting more and more expensive every year. Even the books are hundreds of dollars apiece. Expenses like student fees, student...
If your employer does not offer a retirement savings plan, you may wonder how you will ever be able to save for retirement on your own. You may not know how to get started, let alone...
For many individuals who are saving for retirement, a Roth IRA can be very appealing. Most taxpayers prefer to pay the taxes now versus in the future, where they might not now the...
For many individuals who are saving for retirement, a Roth IRA can be very appealing. This is because you pay income taxes on the contributions when you add them to the IRA, versus...
When it comes to choosing retirement savings options, a traditional IRA cannot always match a Roth IRA. This is because you pay income taxes on the contributions when you add them...
Posted by James Wells EA MBA Tax Office on 02/23/2016
Investing in rental properties can be a significant income stream or provide an income supplement. However, this investment also comes with potential tax implications. Working with...
Taxes are complicated. However, the least complicated thing about taxes are the tax brackets. If your income is between certain numbers, then you pay whatever rate is associated with...
For most investors, and even certain tax accountants, sorting through the multifaceted IRS rules on investment taxes can undoubtedly be a nightmare. Drawbacks abound, and the consequences...