IRS “Dirty Dozen” Tax Schemes
November 17th, 2023 The “Dirty Dozen” is an annual list released by the Internal Revenue Service (IRS) in the United States that highlights common tax scams and schemes that taxpayers may encounter. The list is meant to raise awareness and help individuals and businesses protect themselves against fraudulent activities. Keep in mind that the specifics […]
Read MoreWhat is Carried Interest?
What is Carried Interest? October 2023 Carried interest, often abbreviated as “carry,” is a financial arrangement commonly used in the private equity and venture capital industries, as well as in some hedge funds and real estate investments. It represents a share of the profits that investment professionals, such as fund managers or general partners, receive […]
Read MoreMarried Filing Joint or Separately?
Filing your taxes as “Married Filing Separately” (MFS) is generally less common than filing jointly for married couples because it often results in a higher tax liability and limits access to certain tax benefits. However, there are some situations where filing separately might make sense. Here are some reasons why you might consider filing MFS: […]
Read MoreDealer vs Investor
Article: Dealer vs Investor From the perspective of the Internal Revenue Service (IRS) in the United States, the distinction between a dealer and an investor is important for tax purposes, particularly in the context of buying and selling securities, real estate, or other assets. The categorization as a dealer or an investor can have significant […]
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