Most Recent Manage Money News

How LLC Owners Should Pay Themselves to Minimize Taxes 

How LLC Owners Should Pay Themselves to Minimize Taxes 

Choosing how to pay yourself as an LLC owner is one of the most important financial decisions you’ll make as...

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Federal Tax Treatment of LLCs

Federal Tax Treatment of LLCs

Starting a business can be an exciting venture, but it also comes with numerous financial and legal considerations. One crucial...

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What is a SEP IRA? 

What is a SEP IRA? 

A Simplified Employee Pension Individual Retirement Account, commonly known as a SEP IRA, is a retirement savings plan designed for...

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The Tax Consequences of Winning the Lottery or a Big Prize

The Tax Consequences of Winning the Lottery or a Big Prize

Winning the lottery or a big prize can be lifechanging, whether it’s a multimillion-dollar jackpot, a luxury car, or a...

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The IRS Identity Protection PIN: Should You Get One? 

The IRS Identity Protection PIN: Should You Get One? 

Tax season can be stressful enough on its own, but for many, it comes with an added worry: identity theft....

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Real Estate Agent Tax Tips: How to Maximize Your Deductions

Real Estate Agent Tax Tips: How to Maximize Your Deductions

Real estate agents often enjoy the benefits of a flexible schedule, unlimited earning potential, and the satisfaction of helping clients...

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Hidden Costs of Moving to a No-Income-Tax State

Hidden Costs of Moving to a No-Income-Tax State

The promise of a state with no income tax can be incredibly appealing—especially for individuals coming from high-tax states like...

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Depreciation Schedules for Business Assets

Depreciation Schedules for Business Assets

Depreciation is a common accounting method used by businesses to allocate the cost of their assets over time. To effectively...

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Tax Differences Between Short-Term and Long-Term Rentals

Tax Differences Between Short-Term and Long-Term Rentals

The taxation of long-term and short-term rentals can differ significantly. These differences are primarily driven by the distinct nature of...

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Tax Strategies for Seasonal Businesses 

Tax Strategies for Seasonal Businesses 

Running a seasonal business presents unique challenges and opportunities when it comes to taxes. Unlike year-round businesses, seasonal operations may...

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