Dividend income is a source of financial growth and stability for many investors. While the Internal Revenue Service (IRS) typically taxes dividend income, certain types of dividends...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 10/10/2023
In June 2018, the United States Supreme Court issued a landmark decision in the case of South Dakota v. Wayfair, Inc., fundamentally altering the landscape of sales tax collection...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 09/22/2023
Inheritance tax, a levy imposed on the transfer of assets from deceased individuals to their heirs, has long been a subject of interest and concern. In the United States, inheritance...
Posted by Rosovich & Associates, Inc. on 08/11/2023
As online selling continues to flourish, the taxation landscape has become increasingly complex for e-commerce businesses. One crucial aspect that online sellers need to navigate is...
Posted by Rosovich & Associates, Inc. on 07/23/2023
Married people can file jointly or separately, depending on several life factors. However, unmarried people (not married by the last day of the tax year) who don't qualify for...
Posted by Rosovich & Associates, Inc. on 06/15/2023
Filing taxes is a necessary obligation that all citizens and residents of the United States must complete. This is also true for those serving in the military, including those deployed...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/16/2023
Property taxes are one of the many types of taxes that property owners have to pay. These taxes are levied on real estate, including land, buildings, and other structures, and are...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 04/27/2023
An OID also known as original issue discount is a debt instrument with a lower value compared to the time it was bought. The investor receives the face value after maturity with interest...
Posted by Rosovich & Associates, Inc. on 04/21/2023
A tax dependent is someone with connections to you that permits some tax deductions and credits like the head of household, the child and dependent care credit, the child tax credit,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 03/31/2023
