Individual and Corporate Tax Preparation | Accounting Services | Coral Springs, Fl | 954-828-2373
Capital Gains Tax Capital gains and capital losses are reported on Form 1040 Schedule D. Capital gains tax rates and capital losses occur when you sell an investment or capital asset such as stocks, bonds, buildings, land, or other real estate …
Schedule C – Self Employed Business Income Business income is reported on Schedule C Profit or Loss from Business when an individual or independent contractor set up a sole proprietorship and receives income from the sale of products or services. …
Social Security Income Taxable Social Security income benefits may be taxable or non-taxable depending on your total income. You must show on your tax return the gross amount of social security received before any deductions such as medicare premiums. You …
Unemployment Compensation Taxable Unemployment compensation is taxable and must be included in gross income. Report unemployment compensation on page 1 of Form 1040. The maximum dosage that a user would want to use would be 2.5mgs per day. twomeyautoworks.com generic …
Alimony received and alimony paid are both reported on Form 1040 of your income tax return. Child support is never reported by the payer or the payor. Commonly asked questions are: If I get a divorce, will I have to …
Dividends Dividend income is taxable dividend income reported to you on Form 1099-DIV. Stock dividends and dividend income are distributions from corporations of money, stock, or other property due to your ownership of shares in the corporation. Corporate dividends are …
Interest Income Taxable Interest income is taxable income usually from a Form 1099-INT earned from various investments. Interest income may be earned from bank accounts, money market accounts, certificates of deposit, Treasury bills, notes, bonds, cooperative banks, credit unions, loan …
Wages, salaries and other compensation are reported as taxable income on Line 7 of you Form 1040 income tax return. Wages and salaries are reported to you from Box 1 of your Form W-2 form from your employer. If you …
Rental income and expenses is reported on Form 1040 Schedule E. If you rent out a home, condo, townhouse, or any other type of rental property also known as rental real estate, then you must report the rental income received and …