July 2023

Investing in corporate bonds can be a way to earn fixed income and potentially diversify your investment portfolio. Corporate bonds are debt securities issued by corporations to raise capital. When you invest in corporate bonds, you are essentially lending money to the issuing company in exchange for regular interest payments and the return of your […]

The IRS has implemented various measures to avoid tax deadline confusion in disaster areas. It’s important to note that specific procedures may have evolved since then, so it’s essential to check the latest updates on the IRS website or consult official sources for the most current information. Here are some general strategies that the IRS

Marginal tax rates are an essential concept in the progressive tax system used in many countries, including the United States. The marginal tax rate is the percentage of tax applied to the last dollar of income earned. In other words, it represents the rate at which additional income is taxed. How Marginal Tax Rates Work:

High-income tax delinquents refer to individuals or entities with significant income who fail to meet their tax obligations. These individuals may intentionally or unintentionally evade or neglect their tax responsibilities, resulting in substantial unpaid taxes. Here are some key points to consider: Definition: High-income tax delinquents are typically individuals or businesses with substantial income who fail

Fair Trade, Risk Mitigation, and the Role of Tax are interconnected topics that can play a significant role in promoting ethical business practices, managing risks, and fostering sustainable economic development. Here’s an overview of each concept and how they relate to one another: Fair Trade: Risk Mitigation: Role of Tax: Integration of Fair Trade, Risk

Content creators refer to individuals who produce and share creative content online, such as YouTubers, bloggers, podcasters, social media influencers, and other digital content producers. When it comes to taxes, content creators have certain obligations and considerations. Here’s a breakdown of how it works: It’s important for content creators to familiarize themselves with their tax

Yes, the IRS can sue to collect on a debt owed by an individual or business. The process typically involves several steps and is carried out for specific reasons. Here’s an overview of how and why the IRS may initiate a lawsuit to collect a tax debt: The IRS may choose to sue to collect

When considering tax-free municipal bond funds, it’s important to note that the “best” funds may vary based on individual preferences and circumstances. However, here are some well-regarded tax-free municipal bond funds known for their track records and favorable features: Overview: This fund seeks to track the performance of the S&P National AMT-Free Municipal Bond Index. It

Determining the “best” funds to hold in a Roth IRA depends on various factors, including your investment goals, risk tolerance, and time horizon. However, here are some fund options that are commonly considered for Roth IRAs: Ultimately, the best funds for your Roth IRA depend on your individual circumstances, risk tolerance, and investment goals. It’s

A “Bad Debt Deduction Denied” occurs when a taxpayer’s claim for a deduction related to a bad debt is rejected or disallowed by the tax authorities. The bad debt deduction is a tax provision that allows businesses to write off debts that have become uncollectible as an expense, thereby reducing their taxable income and tax