A capital gain is generated from the sale of a capital asset, generally an investment-type asset. Not all capital gains are considered equal in the eyes of the IRS. A gain from the sale of a capital asset held for less than a year is considered a short-term capital gain and is taxed at ordinary income tax rates.
On August 24th, President Biden announced a plan to forgive student loan debt for millions of Americans. Learn more about how this may impact you and important tax considerations.
Last Thursday morning, the Bureau of Economic Analysis (BEA) released information on Q2 2022 Gross Domestic Product (GDP), a comprehensive measure of economic activity. Real (inflation-adjusted) GDP was negative for the second consecutive quarter. BEA data indicated that the economy contracted -0.9% in the second quarter, following a decline of -1.6% in the first quarter
MCF is pleased to announce it has been named to the Kentucky Chamber of Commerce’s Best Places to Work in Kentucky - Small Business Category. This is the fourth straight year that MCF has been honored by the Kentucky Chamber of Commerce in their "Best Place to Work in Kentucky" list. We are proud to continue to provide a collaborative and productive work environment where our team is engaged and dedicated to providing superior service to our clients