(847) 690-9454 [email protected]

Investing Archives |

Buying a business

You are looking to get into a new line of business or rapidly grow your own business, the easiest way for some to do this is to buy an existing business. When purchasing a business, you need to know that the details and analysis of what you look at and for will differ...

Investors

If you don’t meet the definition of “Trader” in the eyes of the IRS, you are an “Investor”. Investors typically buy and sell securities and expect income from dividends, interest, or capital appreciation. They buy and sell these securities and hold them for personal...

The Mark-to-Market Election

If you meet the definition of “Trader” by the IRS you can choose to use the mark-to-market rules, investors cannot. If a trader doesn’t make a valid mark-to-market election under section 475(f), then he or she must treat the gains and losses from sales of...

Staking

What is a staking reward?  Have you even heard of staking or staking rewards? Staking rewards are an incentive that blockchains provide to participants. Each blockchain has a set amount of crypto rewards for validating a block of transactions. When you stake crypto...

Decrease in accounts for retirement

One client this tax season was asking me what I thought the economy was going to do in the near term, this gentleman is slightly older than me. I started by reviewing that 2021 was a gangbuster year, that most of my accounts had hit their highs and that I was pleased...

Pin It on Pinterest