getty Many people wait until near the end of the year to consider whether to convert a traditional IRA to a Roth IRA. But traditional IRA owners should be alert throughout the year for good opportunities to convert all or part of an IRA. Many variables determine whether a conversion will pay off or not, […]

Can you still take the meal deduction in 2023? Getty Images Tax planning is a major part of owning and running a successful business. The meals and entertainment tax deductions have been a valuable way for many small business owners to reduce their tax liabilities each year. Sadly, the value of the meal deduction will […]

getty Key takeaways An option is a contract that allows the buyer to buy or sell shares of stock at an agreed-upon price. Investors can get outsized returns by using options instead of simply owning stocks. Be forewarned that higher rewards come with higher risk. Knowing how to hedge your positions to protect yourself from […]

WASHINGTON – AUGUST 30: The Internal Revenue Service building is shown August 30, 2006 in Washington … [+] DC. (Photo by Mark Wilson/Getty Images) Getty Images As part of the American Rescue Plan Act of 2021, the Internal Revenue Service (IRS) began requiring a new reporting rule for individuals who get paid via third party […]