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Types of Income: Interest

stevesautointerior.com cialis (For the articles on wages, salaries, and tips; dividends and other distributions; rental income and expenses; or other income click here, here, here, or here respectively.) Almost everyone has heard of interest and knows what it is, essentially, making money on your money. It’s a fact of our financialized world, and one that [...]

Types of Income: Wages, Salaries, and Tips

(For the articles on interest; dividends and other distributions; rental income and expenses; or other income click here, here, here, or here respectively.) This post might seem more or less like a no-brainer because it talks about two of the types of income that are most commonly found on an individual’s federal tax return. However, [...]

What are Education Savings Bonds?

Savings bonds are the generally unsexy investment instrument where a certain principal amount is invested with the federal government and an amount of interest is received over the term of the bond. It’s not glamorous or high risk and therefore considered a bet that’s very safe to make. In terms of tax treatment, the interest [...]

An Overview of Qualified Tuition Programs AKA 529 Plans

cheapest viagra www.cbs.tc Qualified tuition programs, also known as 529 plans, allow a taxpayer to set up a specified account for the purpose of paying the qualified education expenses of a designated beneficiary at an eligible educational institution. The benefit of setting up a 529 plan comes from the fact that distributions, including any gain [...]

Business Entity Tax Preparation: C Corporations

(For the tax preparation of single member limited liability companies, partnerships, and S corporations click here, here, and here respectively.) C corporations, which are the traditional corporations that people think of when you say the word “corporation,” have fallen significantly out of favor over the course of the last several decades with small businesses. The [...]

Business Entity Tax Preparation: S Corporations

(For the tax preparation of single member limited liability companies, partnerships, and C corporations click here, here, and here respectively.) S corporations seem to have become many taxpayers chosen business entity without understanding almost any of the basic tenets of their taxation. This is nothing against those that form them, and more about the fact [...]

Business Entity Tax Preparation: Partnerships

buy cheap levitra complexbuilders.com (For the tax preparation of single member limited liability companies, S corporations, and C corporations, click here, here, and here, respectively.) In the realm of tax law, a partnership exists when two or more people come together to form a business with the goal of making a profit. One example of [...]

Business Entity Tax Preparation: Single Member Limited Liability Companies

(For tax preparation of partnerships, S corporations, and C corporations, click here, here, and here respectively.) There is a lot fanfare around limited liability companies. Everyone seems to have one, whether you’re a dog walker or a welder, a baker or a banker, a taxidermist or a taxi driver. The point is limited liability companies [...]

Tax Implications of Student Loan Forgiveness and Repayment Assistance

This article is partially about what happens when your student loan debt is cancelled by the lender, meaning, your bank basically “calls the debt off” so-to-speak, while the briefer second part of this post goes into the potential taxability that occurs when your student loan debt is repaid by someone else, including a company or [...]

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