If you are an investor, you know that you may need to pay capital gains taxes when you sell an investment at a profit. At the same time, however, and especially in an unpredictable market, stock losses can loom large for your investment portfolio. When you sell an investment for less than you paid, you … Read more
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
You don’t have to be a rich mogul to start real estate investing. Though you may wish to expand your real estate empire one day, you only need one rental property and one tenant to start earning rental income. Unfortunately, one property is also all you need for the IRS to take notice. Make sure … 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
In the beginning, cryptocurrency was pretty basic. You could use it to make purchases and accept it as payment. If you wanted to make money, you needed to pay close attention to the crypto market, buying and selling at the right times based on the currency’s fluctuating value. In that regard, crypto worked in a … Read more
Hopefully, your investment portfolio is performing well and looking at it brings you joy. Unfortunately, certain investments can prove excruciatingly frustrating, even when they’re performing well. Investments in a passive foreign investment company are subject to complicated IRS rules, and this complication is very much intentional. So is the exorbitant tax rate on these investments, … Read more
Working for a startup can be an exciting prospect that gives you an opportunity to make a significant impact on a company’s culture as well as the products and services they bring to market. Compensation can get tricky, however, as cash-strapped new companies look for creative ways to compensate employees. Stock options and incentives can … Read more
RSUs (Restricted Stock Units) are a big part of compensation for many employees, especially in the tech industry. Unfortunately they can be a little complicated to understand. If you’re scratching your head wondering what exactly you own and how it’s taxed, you’re not alone. Here are the things you need to understand about restricted stock … Read more
