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Traditional Tax Services Traditional tax services often involve hiring a Certified Public Accountant (CPA) or tax professional. Even if you have unique sources of income, such as dividends or capitalgains from selling assets, a CPA can guide you correctly. appeared first on The Startup Magazine.
But chances are, your CPA hasn’t mentioned it. That’s because, like doctors, CPAs specialize. Short-term capitalgains (assets held for sale or exchange for exactly one year or less) are taxed at your ordinary income tax rate, and long-term capitalgains are taxed at either 0, 15 or 20 percent.
Earlier this month I hosted Ryan Clower, a CPA from the accounting firm M. I am a CPA, down here certified in the great state of Texas and really just stoked to be here. That’s a little more complicated, because there can be dividends, interest or capitalgains, and there’s different tax rates for those.
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