When Should You Switch Your Side Hustle to a Business Entity Structure?

Category Archives: Tax and Financial News

When Should You Switch Your Side Hustle to a Business Entity Structure?

🖨 Print⏱ 4 min readStarting a side hustle today is easier than ever. Between the numerous websites that act as marketplaces and project jobs that can be found on the internet, almost anyone can turn a skill or hobby they … Continue reading →

Posted in Blog, Frank's Corner, Tax and Financial News |

2020 Tax Brackets, Deductions, Plus More

🖨 Print⏱ 4 min readBeginning on Jan. 1, 2020, the Internal Revenue Service (IRS) has new annual inflation adjustments for tax rates, brackets, deductions, and retirement contribution limits. Note, the amounts below do not impact the tax filing you make in … Continue reading →

Posted in Blog, Frank's Corner, Tax and Financial News |

How to Defer, Avoid Paying Capital Gains Tax on Stock Sales

🖨 Print⏱ 5 min readThe markets are hitting all-time highs, so if you are thinking of selling stocks now or in the near future, there is a good chance that you will have capital gains on the sale. If you’ve … Continue reading →

Posted in Blog, Frank's Corner, Tax and Financial News |

Tax Changes 2019

🖨 Print⏱ 4 min readWith the start of the fourth quarter of 2019 underway, it’s time to see what the Internal Revenue Service (IRS) will expect of filers for their 2019 taxes. The following are a list of major changes … Continue reading →

Posted in Blog, Frank's Corner, Tax and Financial News |

How to Get the IRS to Pre-Approve Your Taxes

🖨 Print⏱ 4 min readIt might seem odd, but it is possible to get the IRS to give you a straight-forward and binding answer to ambiguous tax positions in advance. How does this happen, you ask? The answer is through … Continue reading →

Posted in Blog, Frank's Corner, Tax and Financial News |

The Five Key IRS Rules of Taxation for Lawsuit Settlements

🖨 Print⏱ 4 min readComing out on the winning side of a lawsuit as a plaintiff can be a gratifying feeling, especially if there is a financial settlement involved. There is likely a sense of both relief and vindication. Unfortunately, … Continue reading →

Posted in Blog, Frank's Corner, Tax and Financial News |
 
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