A Few Things to Know As Tax Day Approaches

It’s the most stressful time of the year [View in browser]( [The Juice Logo] BROUGHT TO YOU BY: [Logo]( Proprietary Data Insights Top Personal Services Stock Searches This Month Rank Name Searches #1 WW International 4,072 #2 H&R Block 2,179 #3 Rollins 1,534 #4 Service Corporation International 1,499 #5 Franchise Group 831 #ad [Cryptos… NFTs… Real Estate… Startups…]( Brought to you by [Goldco]( [Claim $10,000 In FREE silver In 2023]( [ Goldco - Claim $10,000 In FREE silver In 2023]( Thanks to forgotten 50-year-old legislation, often ignored by investment advisors, gold bugs, and silver hounds… You can now collect $10,000 or more in free silver. Millions of Americans know NOTHING about this… And it’s possible that government officials want to keep this hidden… Because it exploits a “glitch” in the IRS tax code that helps protect your retirement... While paying ZERO TAXES & PENALTIES to do it. That’s why you need to see this NOW. [Get all the details in this FREE Kit](. A Few Things to Know As Tax Day Approaches Tax Day is this coming Tuesday, April 18. Fitting that H&R Block (HRB) ranks second among personal services stocks in our proprietary sentiment indicator, Trackstar. Darkly funny that Service Corporation International (SCI), a company that deals in funeral, cremation, and cemetery services, comes in a close fourth. As we approach the IRS’ filing deadline, The Juice has a few things we think you should know. It Finally Pays to Be in California The Juice newsletter emanates from Los Angeles. In three independent conversations with otherwise financially aware friends over the weekend, we were shocked to learn not one knew that… - The IRS extended the deadline to file your taxes to October 16, 2023, throughout most of California due to the torrential rain we experienced in recent months. The extension applies to 55 of the state’s 58 counties, including all of the San Francisco Bay Area and Southern California. - Californians don’t have to prove the storms impacted them. - If you live in Lassen, Modoc, or Shasta County in California, get on it. Your taxes are still due next month. - The same extension applies to parts of Alabama and Georgia due to storms that hit those areas. The IRS has the particulars [here](. Taxes on Dividends We love dividend growth investing. We talk about it a lot. Earlier this year, we devoted an entire installment to the tax ramifications of collecting dividends. Complete details [here](, but a few key points to remember: - A potentially great way to avoid dividend taxes is to hold your dividend stocks in a Roth IRA, where you contribute after-tax income (unlike a traditional IRA, where you make tax-deferred contributions). The IRS doesn’t tax qualified withdrawals from a Roth, even on capital gains and income, such as dividend income. - If you’re single with taxable income of $41,675 or less, or if you’re married and filing jointly and had taxable income of $83,350 or less, you’ll pay no taxes on dividend income. (Taxes on higher earnings are either 15% or 20%.) Damn. We’re making the IRS sound like your friendly neighborhood bureaucracy here. Except… The IRS is implementing a change pertaining to income that apps such as Venmo and PayPal pay out. The IRS currently requires them to send 1099-K tax forms to people whose gross incomes on these apps exceed $20,000 or who have more than 200 separate app transactions a year. The IRS is lowering that limit to $600. While you’ve always had to report this income, the IRS will soon be able to better scrutinize money these middlemen pay out. The IRS was set to implement the change for the 2022 tax year. But after outcry mainly from Republicans, the crackdown won’t start until the 2023 tax year. [Buy THIS stock before Taiwan is attacked...]( If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself. [Click Here to Learn How ]([Ad] The Bottom Line: While we can’t give you specific tax advice, like whether or not you should take advantage of any applicable filing extensions, we can suggest not trying to pull a fast one on Uncle Sam. So if you’re crushing the game as a freelancer or via self-employment, get in the habit of not only reporting all your income, but also deducting allowable expenses. 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