In episode sixteen of PitchIt: the fintech startups podcast we talk with Abound Co-Founder & CEO Trent Bigelow. Abound helps...
[Disclaimer: I am not an accountant nor am I qualified to provide tax advice. You should seek professional advice before...
[Disclaimer: I am not an accountant nor am I qualified to provide tax advice. You should seek professional advice before...
[Disclaimer: I am not an accountant nor am I qualified to provide tax advice. You should seek professional advice before...
As tax day has arrived it is important for investors to understand that real estate crowdfunding has specific tax treatment; investments into syndications are considered passive and there are two types of passive activities, rental activities and business; understanding how your passive activities tally up into income or losses will determine how you will file and if you will need to carry over to future years; another benefit to crowdfunding syndications is favorable long term capital gains tax rates if a property is acquired and held for longer than a year. Source
Every year we provide the information that retail investors who buy notes at LendingClub or Prosper need for filing their...
Lend Academy shares information related to filing taxes with LendingClub and Prosper for the 2017 tax year. Source
There are unique tax implications when it comes to investing in marketplace lending and investors should consider investing through an IRA; LendingClub is currently offering a bonus for IRA investments and is working with a new preferred custodian. Source
Most lenders like to request tax return information from a borrower during the loan application process. It is the most...
A 2015 McKinsey report says today's technology is ready to replace approximately 45% of US jobs across a wide range of industries; federal and state governments have been receiving numerous inquiries about the effects of robot automation on the labor market however little has been done by legislators on the topic; Bill Gates has one suggestion for the economy; he suggests a tax for robot automation; a number of scenarios have come from Gates' robot tax suggestions, including: a company tax for robot automation that would contribute to social programs, designating government funds for salaried workers affected by robots, using taxes to provide a universal income for all citizens and a negative income tax. Source