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Tip of the Day Know When to File your Taxes

Know When to File your Taxes - For those of you who have been doing taxes a long time, you know that when you are expecting a refund you should...

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C Corporation

C Corporation -  a C corporation is a company legally viewed as a separate entity from its owners..  A company becomes a C cooperation as soon as it files as a corporation .  By becoming a C corporation, investors and owners are safe from lawsuits , except  for their interest in the company.  There personal assets are not on the line, just  their extent of ownership of the company.  The downside of a C corporations is because it’s listed a separate entity, the owner is subject to double taxation, One personally, and one for the C corp.

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Definition of the Day Bond Mutual Fund

Bond Mutual Fund - Bond mutual funds often focus on a particular type of bond such as municipal bonds, other government bonds, or corporate bonds. Municipal bonds are not a matter of Federal income taxes. You can steer clear of state taxes if you pick a...

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