What Does It Mean to Be Self-Employed? If you run your own business as a sole proprietor, independent contractor, or a member of a partnership, the IRS considers you self-employed. Even if you have a full-time job, any income from a side business is also classified as self-employment income. To

This month, the Azzad Funds will make a capital gains distribution to all fund shareholders. This will mean the net asset value (NAV) - sometimes called the share price - will be lower on distribution day than it was when the market closed the day before. But this NAV drop

Latest update as of March 2, 2025: The Treasury Department announced it will not enforce any penalties or fines associated with the Beneficial Ownership Information (BOI) reporting rule under the existing regulatory deadlines, and further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their

This presentation is intended for the exclusive use of clients or prospective clients of Azzad Asset Management and the dissemination or distribution to any other person without the prior approval of Azzad Asset Management is strictly prohibited. Information has been obtained from sources believed to be reliable, though not independently

One silver lining in the currently challenging environment for stocks is that this could be a good time to convert assets from a traditional IRA to a Roth IRA. Converted assets are subject to federal income tax in the year of conversion, which might be a substantial tax bill. However,

The IRS issued more than 128 million income tax refunds for the 2020 filing season, putting $355.3 billion into the hands of U.S. consumers.1 For most recipients, such a sudden influx of cash prompts an important question: What's the best way to use the money if you get a refund? Last

Note: This article refers to common financial products, including interest-generating investments. They are mentioned here for educational purposes only. As a matter of policy, Azzad avoids these types of financial instruments for its clients. To learn more about reasons to avoid interest income in your portfolios, click here. It's nice

Most U.S. taxpayers "completely agree" (68%) or "mostly agree" (26%) that paying their fair share of taxes is a civic duty.1 However, no one wants to pay more than his or her fair share. To help avoid doing so, consider addressing some important priorities before you begin filling out your tax

Over your lifetime, you may have been focused more on accumulating assets in tax-deferred retirement accounts like 401(K)s and traditional IRAs. However, Uncle Sam will soon come knocking for his portion of the pie that you’ve accumulated, specifically when you turn 72. Here are a few things you should know