The federal government taxes investable income such as dividends, interest, and rent on real estate, just to name a few. Tax on Dividends If you have money invested in a security (e.g. stocks, bonds, real estate) then there’s a good chance that you are receiving a dividend on each mutual fund or bond fund that [...]
If you’re at the age where retirement is in sight, or if you’ve already retired, it is important to learn about your benefits and more importantly, when to file. The earliest age you can claim your social security is 62, and the latest age is 70. However, it’s important to note that when you file [...]
As millions of people begin filing their tax returns, the Internal Revenue Service reminds taxpayers about some basic tips to keep in mind about refunds. During the early parts of the tax season, taxpayers are anxious to get details about their refunds. In some social media, this can lead to misunderstandings and speculation about refunds. [...]
Each year, the Internal Revenue Service issues a list of the top 12 tax-related scams it sees throughout the year. The IRS “Dirty Dozen” highlights various schemes that taxpayers may encounter anytime, many of which peak during tax-filing season. Taxpayers need to guard themselves against these ploys. JM Short CPA is a local accounting [...]
