by admin | May 9, 2023 | Uncategorized
Understanding Depreciation Recapture Introduction Depreciation recapture is an essential concept in the world of taxation, particularly for those who own investment properties or business assets. This article will provide a comprehensive understanding of...
by admin | May 8, 2023 | Uncategorized
Understanding Alternative Minimum Tax Introduction The Alternative Minimum Tax (AMT) is a tax system in the United States designed to ensure that high-income individuals and corporations pay a minimum amount of tax, regardless of the various deductions...
by admin | May 8, 2023 | Uncategorized
Understanding the Tax Liability of Social Security Income Introduction For many retirees, Social Security benefits are a vital source of income. However, not everyone is aware that these benefits may be subject to federal income taxes, depending on their overall...
by admin | May 8, 2023 | Uncategorized
Calculating the Cost Basis of Restricted Stock Units: A Comprehensive Guide Restricted Stock Units (RSUs) are a common form of equity compensation awarded to employees by companies. RSUs represent a promise to issue a specific number of shares of company stock at a...
by admin | Dec 30, 2022 | Uncategorized
It is estimated that over 40 million Americans work from home at least some of the time and with each passing year that number continues to grow. In today’s world computers, smartphones and high-speed internet access make it easier and oftentimes more...
by admin | Dec 30, 2022 | Uncategorized
With the passage of the tax cuts and jobs Act beginning in 2018 there’s a new deduction called the qualified business income deduction also known as qbi. The deduction can be claimed by owners of pass-through entities subject to the limitations allowed....
