tax tips from a former irs agent
We did the time behind the scenes, now you get the benefit of that first-hand experience.
Understanding the Three Types of Income for Tax Purposes: Earned, Passive, and Portfolio
When it comes to taxes, not all income is treated the same. In fact, the IRS classifies income into three main types—earned, passive, and portfolio income—and each is taxed differently. Whether you're a business owner, real estate investor, or simply looking to get a better handle on your finances, understanding these categories can help you plan smarter and avoid surprises at tax time.
Don’t Miss These Overlooked Health-Related Tax Deductions
Are you including these often-forgotten health expenses in your tax return? See which expenses you should be including before you file.