As you probably know, most of your income is taxable. If you earn a salary, an hourly wage, tips, commissions, renting a property you entrust or dividends and interest on your investments,...
Posted by Advanced Accounting & Tax Planning on 08/02/2019
Suppose you think of a company as an unincorporated parallel business. If your business expenses exceed your income, you will have a net loss. You may feel that you can deduct this...
Posted by YourIRSTaxAdvocate.com on 07/29/2019
A tax return transcript is a summary of your important tax information in the federal income tax return. Thus, instead of getting into the weeds with your financial information in...
Posted by YourIRSTaxAdvocate.com on 07/29/2019
The process of growing your financial assets is called investing. Investing in assets that provide cash flow, rising prices, or both, are some various ways to do this. Keeping investment...
Posted by Flynn Financial Group Inc on 07/26/2019
Individuals are able to invest in large-scale, income-producing real estate through real estate investment trusts or REITs. It’s a company that owns and usually operates income-producing...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 07/26/2019
Business losses reduce taxable income and many good freelance businesses incur losses which is somewhat a good thing since it means you pay less in taxes. A business loss could mean...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 07/26/2019
Dividends are a type of investment income that is stock generated, and also from mutual funds containing stocks. They stand as a taxable share of corporate profits that are paid out...
Posted by LLOYD J CAZES CPA on 07/25/2019
Real estate investment trusts (“REITs”) permit persons to invest in large-scale, income-producing real estate. Real estate investment trust (REIT) is an organization that...
Posted by Advanced Accounting & Tax Planning on 07/25/2019
Alimony is regarded as court-ordered payments given to a spouse or former spouse in a separation or divorce agreements. The aim is to provide financial support to the spouse that earns...
Posted by Advanced Accounting & Tax Planning on 07/25/2019
