The backbone of capital gains - understanding your asset's starting point!
Understanding the De Minimis Tax Rule and its implications on discount bonds.
Understanding the loss caused by new taxes in the economy
A deduction is an expense that can be subtracted from a taxpayer's gross income in order to reduce the amount of income that is subject to taxation.
The liability that's like a time capsule for your taxes, waiting to spring surprises when you least expect them.
A humorous insight into deferred tax assets and their balancing act on the balance sheet!
A record of taxes owed but not yet due, sitting on a company's balance sheet, patiently biding its time.
Understanding how dependent care benefits can be a financial lifesaver for employees and their families.
Understanding the ins and outs of Depreciation Recapture with humor.
Understanding Distributable Net Income (DNI) in the context of taxation for beneficiaries in trusts.
The DRD is a tax deduction to help corporate entities avoid triple taxation on dividends.
Earned income is money received as pay for work performed, encompassing wages, salaries, bonuses, and more.
The Earned Income Tax Credit: A humorous yet insightful look at a tax superhero for low-wage workers.
A convenient electronic payment system for U.S. federal taxes!
The online shortcut to getting your tax returns done (and maybe a refund too!)
A tax professional authorized by the U.S. government to represent taxpayers before the IRS.
A federal tax on the transfer of the estate of a deceased person.
A tax-free distribution from mutual funds investing in municipal bonds.
An exemption reduces the amount of income subject to income tax and allows taxpayers to shield a portion of their income from taxation.
An overview of federal income tax, its purpose, structure, and how it affects your wallet (and sanity).
A humorous deep dive into the magical world of flow-through entities, because who needs double taxation?
