Whether you love them or hate them, like death, taxes are pretty much a universal certainty that ordinary people have to deal with. It’s the only way that the wheels of daily life often function, so it is often on us to pay that burden. Fortunately, there are at least a few systems in place…
Category: Finance
Do Celebrities Pay Taxes?
In this day and age, celebrities are all around us. Whether it’s on social media or the news cycle, celebrity gossip is everywhere. We can’t help but be fascinated by them and how their lives compare to our own. There have always been stories about celebrities and the state of their finances, especially as the…
Can Inmates File Taxes?
We all know that taxes hit each and every single one of us all over the world. How much you have to pay in taxes differs significantly from person to person, but there are some situations wherein you might question whether an individual actually needs to pay taxes. One of these situations is if someone…
Do Church Employees Pay Taxes?
Payroll can be tricky enough for most administrators, but it can be even harder for church administrators that actually have a lot more factors to consider than that of a regular business. There are so many questions you might want to ask. How does the IRS categorize a church? Do clergy members count as employees?…
Do Day Traders Pay Taxes?
For a lot of new investors, they see day trading as a great way to earn funds and money really quickly. The concept behind it is to make trades over a short period of time, then you can take full advantage of the short term price changes and make a profit at the same time….
Do Beneficiaries Pay Taxes On Bank Accounts?
Although it’s never pleasant to lose your nearest and dearest, if they have been kind enough to appoint you as the beneficiary of one or more of their bank accounts in their will, at least that relieves some financial pressure in this trying time. However, now that you’re the owner of said bank accounts, you…
Are Wedding Gifts Taxable?
Weddings! They’re a day many of us dream about from a young age and one of the great benefits of the big day, other than declaring your love to your soul mate in front of all your friends and family, are the gifts. If you think you’ve ever spent a long time unwrapping gifts before…
Is A Car An Asset?
When it comes to finding out whether our items are assets or liabilities, it can be difficult. A few people may get confused about the two, and place a car as an asset, or a liability. But, which is the right answer? Cars are pretty crucial in our current Society, but they are expensive, and…
Are Credit Card Rewards Taxable?
It is always important to know what is and is not getting taxed in your personal taxes as this can be the difference between properly filling out your tax return, and getting in hot water with the IRS. If you can feel tax season approaching, and you are not sure about what is and what…
Are Attorney Fees Tax Deductible?
In the Tax Cuts and Jobs Act it was made that the majority of legal fees will no longer be tax-deductible, however this rule does not include everything. This guide will help you work out when your attorney or legal fees could be tax-deductible. There is a good chance that at some point in your…
