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Facts on Taxes Federal Income Tax Personal Taxes Sales Tax Taxes

Did America Ever Function Without Taxes? How Did That Work?

Taxes are a ubiquitous part of modern society, and it's difficult to imagine a functioning government or economy without them. However, the question arises: did America ever function without taxes? While it may seem hard to believe, there was indeed…

Matthew RusselMay 16, 2025

Corporate Business Taxes & Laws Facts on Taxes Filing Taxes Lottery Winnings

Can An LLC Claim Lottery Winnings In Illinois?

Limited Liability Companies (LLCs) are a popular business structure choice among entrepreneurs in Illinois due to their flexibility and liability protection. However, if an LLC member happens to win the lottery, questions may arise as to whether the LLC can…

Matthew RusselMay 16, 2025

Capital Gains Tax Estate Taxes Facts on Taxes Inheritance Taxes Personal Taxes Taxes Wealth Taxes

Understanding Wealth Taxes: What You Need to Know

Wealth taxes have been a hotly debated topic in recent years, with proponents arguing that they are a necessary tool to combat income inequality and generate revenue for governments, while opponents claim that they are unfair and have negative economic…

Matthew RusselMay 16, 2025

Excise Taxes Taxes

What Are Excise Taxes and How Do They Work?

Excise taxes are a unique form of taxation that can affect the price of certain goods and services. Unlike income taxes or property taxes, excise taxes are applied specifically to particular products or services that are considered potentially harmful to…

Matthew RusselMay 15, 2025

Capital Gains Tax Estate Taxes Facts on Taxes Personal Taxes Property Tax Real Estate Tax & Law Rental Property Tax Deductions Sales Tax Taxes Value Added Tax

What Are Rental Property Tax Deductions?

Owning a rental property can be a lucrative investment, providing a steady stream of income and potential long-term growth. However, along with the rewards come certain financial responsibilities, including taxes. As a rental property owner, it's essential to understand the…

Matthew RusselMay 14, 2025

Facts on Taxes Federal Income Tax Filing Taxes Personal Taxes Self Employed Taxes Taxes

How To Report Tutoring Income On Taxes?

Navigating the intricacies of reporting tutoring income on taxes is a crucial aspect of ensuring financial compliance for individuals engaged in tutoring services. As the demand for personalized education rises, many individuals find themselves providing tutoring services either as a…

Matthew RusselMay 14, 2025

Excise Taxes Expenses Facts on Taxes Sales Tax Taxes

What Items Are Not Taxed In Canada?

Navigating the intricacies of taxation is a vital aspect of financial literacy for both consumers and businesses. In Canada, the tax landscape is shaped by the Goods and Services Tax (GST) and the Harmonized Sales Tax (HST), which play a…

Matthew RusselMay 14, 2025

Capital Gains Tax Taxes

Top 5 Investment Strategies to Reduce Capital Gains Taxes

Investing wisely and strategically is a fundamental pursuit for anyone looking to secure their financial future. However, one often overlooked aspect of investment planning is the management of capital gains taxes. Capital gains taxes can erode your investment returns, leaving…

Matthew RusselMay 13, 2025

Our Recent Blog PostsStay Informed with Our Tax Blog

Did America Ever Function Without Taxes? How Did That Work?

Can An LLC Claim Lottery Winnings In Illinois?

Understanding Wealth Taxes: What You Need to Know

What Are Excise Taxes and How Do They Work?

What Are Rental Property Tax Deductions?

How To Report Tutoring Income On Taxes?

What Items Are Not Taxed In Canada?

Top 5 Investment Strategies to Reduce Capital Gains Taxes

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