In life, no one wishes to invest and lose, no matter how little the investment seems to be. The goal of every investor is to make a good return out of investments. However, even the best investo...
A new set of stimulus checks for up to $1,400 per person has been sent, the government announced on Wednesday.More than 2.3 million payments, representing over $4.2 billion, are on their way to select...
A backdoor Roth IRA is not an official type of retirement account. Instead, it is an informal name for a complicated, IRS-sanctioned method for high-income taxpayers to fund a Roth, even if their...
Another tax season is here and those who received unemployment benefits in 2021 could be in for a nasty shock. Last year's tax season saw a federal tax break on unemployment benefits due to the eco...
This is one of the numerous criteria established by the Internal Revenue Code to count the number of days a person has been present on the shore of the US and use this to determine tax eligibility. Th...
This is a tax election that allows startups business owners to pay tax on the total fair market value of vested shares. When shares are subjected to vesting, it means that at every time a portion of t...
In a previous article, Investing Port shared how the new IRS Withholding could affect finances in the new year. In this article, we would be looking at how the California AB5 could affect finances in ...
There are two ways to retire, to either retire rich or otherwise. There are a lot of new opportunities in the world today that can help you plan towards retirement. This is possible through person...
1040EZ Form is one of the forms used to file federal income tax. Aside from the 1040EZ form, the other forms that are used to perform similar duties include 1040 and 1040A. While these two forms...
The backdoor Roth IRA is an indirect loophole that allows high-income earners to contribute to the Roth IRA. Although, the government-sanctioned contribution to the Roth IRA through a backdoor, if you...