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  • Understanding IRS Forms 1099 for Lawsuit Settlements

    Posted Date April 1, 2025 Posted Time 12:00 pm Published in

    The Basics of Tax Reporting in Legal Settlements When you collect a settlement for a lawsuit, you’ll likely also receive a Form 1099 from the IRS. This form serves as a reminder to pay taxes on your settlement; copies are sent to both you and the IRS. These forms match reported income for income tax purposes, making them critical for accurate tax filing. In lawsuit contexts, two common forms 1099 are issued: Form 1099-MISC: This version can include various types of settlement payments, often termed other income Form 1099-NEC: Used specifically for non-employee compensation Understanding the Difference Between Forms The... View Article

  • Valuation Ratio Calculating the EV / 2P

    Posted Date April 1, 2025 Posted Time 12:00 pm Published in

    When it comes to analyzing a company’s financials, there are many avenues we can take. One way is through multiples; calculating the EV/2P multiple is the focus of this analysis. This ratio looks at a business’ enterprise value against its proven and probable 2P reserves. While ratios or multiples are used in valuing companies, this metric is used chiefly to value gas and oil companies for energy sector analysts. Analysts use this calculation to determine the likelihood that a company’s reserve resources can underpin its functioning and expansion efforts. Along with the ratio, analysts use micro and macro factors to... View Article

  • Reasons to Consider Out-of-State Municipal Bonds

    Posted Date April 1, 2025 Posted Time 12:00 pm Published in

    Municipal bonds (also known as munis) are issued by a state or local government. Interest income is typically paid out twice a year and is not subject to federal taxes. When an investor purchases a bond issued from his own state, the income is generally not subject to state income taxes. However, there are a few good reasons to consider buying out-of-state municipal bonds. The first reason is to consider bond quality. Each muni bond is given a quality rating based on the municipality’s ability to make the regular interest payments to investors and return their principal when the term... View Article

  • 7 Ways to Teach Your Kids to Save

    Posted Date April 1, 2025 Posted Time 12:00 pm Published in

    Of all the things you teach your kids when they’re young, saving money just might be one of the most important. Teaching them to delay gratification could help them avoid unnecessary spending and help them learn to value controlling their money. Here are some tips you can use to educate them about this crucial life skill. Discuss Wants Versus Needs Often, when your child says, “I need this” he really means “I want this.” Should you hear this, think of it as an opportunity to help him understand the difference between the two. You might explain that a need includes... View Article

  • Building Deeper Customer Connections: Leveraging Web3 for Loyalty, Community, and Engagement

    Posted Date April 1, 2025 Posted Time 12:00 pm Published in

    Competition in business today has become fierce. Each organization is constantly looking for innovative ways to form strong relationships with its customers. Loyalty programs have been used for a long time to build a devoted customer base. As technology advances, new technologies like Web3 are emerging, offering more opportunities to revolutionize loyalty programs, build vibrant communities, and deepen customer engagement. Transforming loyalty programs through Web3 Loyalty programs help boost customer spending and drive long-term business success. Loyalty program members also generate more revenue than non-members. In the United States alone, the average consumer belonged to more than 15 programs in... View Article

  • Preventing a Government Shut Down, Rolling Back Regulations and Clarifying Cryptocurrency Protocols

    Posted Date April 1, 2025 Posted Time 12:00 pm Published in

    Full-Year Continuing Appropriations and Extensions Act, 2025 (HR 1968) – In the nick of time before the midnight deadline that would have otherwise shut down the Federal government, Congress passed a budget bill to fund the rest of the fiscal year that ends Sept. 30. This bill increases funding for the military by $6 billion while reducing non-defense spending by $13 million. The federal funding bill also reduced the amount of funding for the District of Columbia (Washington D.C.) by $1.1 billion, which is paid for by local taxes. This final continuing resolution bill was passed in the House on... View Article

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