The more money you make, the higher your tax liability could be. And making a mistake in your filing can…
If you use an IRA to save for retirement, IRS Form 8606 might be an important part of tax season.…
Net investment income (NII) is defined as the profit gained from investments after deducting certain related expenses. This includes various…
A backdoor Roth IRA typically offers high-income earners a workaround to contribute directly to a Roth IRA when their earnings…
There are many different tax elections available to taxpayers under federal tax law. And, often, these elections are advantageous. For…
When an individual or business owes taxes to the Internal Revenue Service (IRS), settling the entire amount in a single…
Former President Donald Trump has joined other politicians advocating for abolishing taxes on social security benefits. The idea may make…
A gift loan is essentially a loan with an interest rate well below the market average, or even no interest…
Pennsylvania has joined the list of states that will participate in the IRS Direct File program in 2025. The move…
Selling an underperforming asset and buying a similarly priced, more promising investment is a logical business move – but what…
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