A well-rounded portfolio can be a great way to invest and make some extra cash. Like most financial activities, however, trading stocks will affect your income tax. The IRS taxes investment income, but there are many factors that determine exactly how they do so. What are Capital Gains? Simply put, a capital gain is any … Read more
Offering free trades with no minimum account balance, Robinhood has become a popular investment site for those who wish to dabble in stocks and cryptocurrency. Unfortunately, the IRS does not adhere to the same free fee structure as the platform. You may be able to execute trades for free on Robinhood, but the IRS will … Read more
Stock options can be a great supplement to your income. Before exercising an option, however, it’s important to know the tax consequences of doing so. This area of tax law gets complicated quickly, so it’s a good idea to talk to a CPA even after learning the basics. Intro To Employee Stock Options An employee … Read more
