Your Guide to Bond Taxes: Maximize Returns & Stay Compliant Investing in bonds can be a smart way to diversify your portfolio and generate steady income. However, understanding the tax implications is crucial to ensuring you maximize returns while…
Social Security Benefits Deciding the best age to claim Social Security Benefits is one of the most important financial choices retirees face. The age at which you claim benefits—whether at 62, 67, or 70—can significantly impact your monthly income and…
Understanding the 351 Conversion: A Tax-Deferred Strategy for Business Owners For business owners looking to restructure or expand their business, Section 351 (351 Conversion) of the Internal Revenue Code provides a strategic opportunity to transfer assets to a corporation in…
IRS Announces Increased 401(k) and Retirement Plan Contribution Limits for 2025 The Internal Revenue Service (IRS) has announced adjustments to retirement plan contribution limits for 2025, reflecting efforts to help individuals enhance their retirement savings in line with inflation. Key…
Navigating the Maze: Your Guide to Small Business Tax Forms, Schedules, and Resources Tax season can be a daunting time for small business owners. Deciphering the various forms, schedules, and deadlines can feel like navigating a maze. That’s why we…
Beneficial Ownership Information (BOI) Exciting News! The new Beneficial Ownership Information (BOI) reporting is here, and Nexus Taxes is ready to help you navigate this important requirement.1 Starting January 1, 2024, many companies in the U.S. must report information about…
The Internal Revenue Service's (IRS) ruling on 401(K) company matches is a game-changer for employee contributions. The recently issued groundbreaking ruling could revolutionize how employees manage their 401(k) contributions.
Vice President Kamala Harris' recent proposal to tax unrealized gains has stirred significant debate
If you owe money to the IRS (tax delinquency), it’s important to address the situation promptly to avoid additional penalties and interest.
When the Trump tax cuts expire, which is currently set to happen at the end of 2025 unless extended or modified by Congress, several changes are expected based on the provisions of the Tax Cuts and Jobs Act (TCJA) that…