Most Recent Manage Money News

Federal Tax Treatment of LLCs

Federal Tax Treatment of LLCs

Starting a business can be an exciting venture, but it also comes with numerous financial and legal considerations. One crucial...

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What is a SEP IRA? 

What is a SEP IRA? 

A Simplified Employee Pension Individual Retirement Account, commonly known as a SEP IRA, is a retirement savings plan designed for...

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The Tax Consequences of Winning the Lottery or a Big Prize

The Tax Consequences of Winning the Lottery or a Big Prize

Winning the lottery or a big prize can be lifechanging, whether it’s a multimillion-dollar jackpot, a luxury car, or a...

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The IRS Identity Protection PIN: Should You Get One? 

The IRS Identity Protection PIN: Should You Get One? 

Tax season can be stressful enough on its own, but for many, it comes with an added worry: identity theft....

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Real Estate Agent Tax Tips: How to Maximize Your Deductions

Real Estate Agent Tax Tips: How to Maximize Your Deductions

Real estate agents often enjoy the benefits of a flexible schedule, unlimited earning potential, and the satisfaction of helping clients...

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Hidden Costs of Moving to a No-Income-Tax State

Hidden Costs of Moving to a No-Income-Tax State

The promise of a state with no income tax can be incredibly appealing—especially for individuals coming from high-tax states like...

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Depreciation Schedules for Business Assets

Depreciation Schedules for Business Assets

Depreciation is a common accounting method used by businesses to allocate the cost of their assets over time. To effectively...

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Tax Differences Between Short-Term and Long-Term Rentals

Tax Differences Between Short-Term and Long-Term Rentals

The taxation of long-term and short-term rentals can differ significantly. These differences are primarily driven by the distinct nature of...

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Tax Strategies for Seasonal Businesses 

Tax Strategies for Seasonal Businesses 

Running a seasonal business presents unique challenges and opportunities when it comes to taxes. Unlike year-round businesses, seasonal operations may...

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Zelle and Taxes: Does Zelle Report to the IRS?

Zelle and Taxes: Does Zelle Report to the IRS?

Understanding how Zelle affects your taxes is crucial. This is especially true if you’re using the platform to receive payments...

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