Changing your tax residency Canadian residents must report their “world income” in Canadian funds. When they become non-residents, they must file a final tax return as of the…
Read more Moving abroad? Think about the tax consequences – MoneySenseIn Brief: Startups often make costly mistakes when accounting is deprioritized. Founders should understand cash flow, tax rules and entity structures. LLCs and multi-entity structures are rising due…
Read more Startup founders urged to prioritize accounting and tax planning | Long Island Business NewsLet’s look at reporting investment income and capital gains, and which spouse should report the capital gain on a rental property. Reporting investment income When you earn investment…
Read more Can you move income back and forth between spouses? – MoneySenseU.S. Vice President Kamala Harris speaks at an event with U.S. President Joe Biden (not pictured) in Prince George’s County, Maryland, U.S., August 15, 2024. Elizabeth Frantz |…
Read more Harris calls for expanded child tax credit of up to $6,000 for families with newbornsWestend61 | Westend61 | Getty Images As home values climb, more Americans owe capital gains taxes when selling property. But knowing how to calculate your home’s profit could…
Read more Your home sale could trigger capital gains taxes. Here’s how to calculate your billComstock Images | Stockbyte | Getty Images It’s not unusual for new homeowners to face financial surprises, but people buying a newly built home may be more likely…
Read more Buyers of newly built homes can face a property tax surprise. Here’s whyWitthaya Prasongsin | Moment | Getty Images Despite a slump in U.S. home sales, many homeowners made a profit selling property in 2023. Those gains could trigger a…
Read more Your home sale may leave you in a tax shock. Here’s how to reduce your capital gains tax billMireya Acierto | Photodisc | Getty Images It’s not unusual for wealthy taxpayers to relocate from high-tax states to low-tax states. There’s evidence in population trends: Texas and…
Read more Op-ed: Thinking of moving your primary residence to a tax-advantaged state? Take these stepsVisualspace | E+ | Getty Images Over the past year, there’s been a wave of confusion around tax reporting for payment apps like Venmo and PayPal, along with…
Read more Here’s how the IRS says you should handle 1099-K tax reporting mistakes on your returnThere’s still time to make a pretax individual retirement account contribution for 2022 — and possibly trim your tax bill or boost your refund — if you qualify.…
Read more You can still score a 2022 tax break with pretax IRA contributions — here’s how to qualifyThe IRS on Friday issued federal tax guidance for millions of Americans who received state rebates or payments in 2022. The announcement came about a week after the…
Read more IRS says many state rebates aren’t taxable at the federal level. Some may face filing struggle, tax pros warnPress Release – updated: Apr 6, 2017 Wellington, FL., April 6, 2017 (Newswire.com) – Joshua Davis, a certified financial planner and investment management expert, is branching out in…
Read more Joshua Davis, CFP®, Establishes Davis Private Wealth, LLC
