Search results for tax

June 30, 2020

Capital Loss Deduction

 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...

June 17, 2020

Business Ownership Types

When it comes to understanding business ownership some fundamentals must be discussed to give you the basic idea. These fundamentals include the different types of businesses and ownership structures....

April 27, 2022

What is the IRS Fresh Start Program?

The Inland Revenue Service (IRS) Fresh Start Program is a term for the IRS's debt relief programs. The program aims to make it easier for people to lawfully resolve their tax obligations and penalties...

January 31, 2020

What is 183(b) Election

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...

January 28, 2020

What is 1040 IRS Form

This is one of the official documents used by U.S. taxpayers to file their annual income tax returns. The form is divided into sections. There is a section to report income and another to report deduc...

January 30, 2020

501(c)(3) Organizations

Section 501(c)(3) is part of the Internal Revenue Code that allows nonprofit making organizations to be exempted from payment of tax. Organizations that usually benefit from this exemption are chariti...

February 24, 2020

How To Invest 10 Thousand Dollars

In today's world where there are lots of debt to clear and financial issues to attend to, saving up to $10,000 is not an easy feat. If after sorting out your debt and other financial responsibilities,...