Capital Gains Tax
Treasury Bonds and Taxes: The Ultimate Guide
In general, income from any type of bond issued by the federal government (including its many agencies), is considered taxable income and therefore subject to…
Paying Taxes When You Sell a House
Technically, yes. However, the profit on home sale can be tax free if certain conditions are met. In fact, many home sellers will not even…
What Taxes Are Progressive? A Guide on the Progressive Tax System
What taxes are progressive? Well, all of them! At least at the federal level for income tax. The US federal government utilizes a progressive tax…
About Paying Taxes on Your Winnings From Gambling
Gambling winnings are fully taxable and must be reported on your tax return. However, there are a few key differences on how you might have…
How to Know If You Owe Taxes: The Complete Guide
How will you know if you owe taxes? Well, the IRS makes it no secret, truth be told. In fact, they’re supposed to inform you…
Babies And Tax Returns: A Real (If Unlikely) Pair
The IRS doesn’t discriminate on the basis of age, not even babies. It’s one of those things that sound funny but it’s actually true; a…
Understanding S Corp Taxes
S Corps taxes have some of the most unique tax advantages available to small businesses and their shareholders. In short, an S Corp is a…
Do Minors Have To Pay Taxes?
This should come as no surprise to anyone, but the IRS sees little difference between minors and adults when it comes to filing and paying…
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