This is a tax levied on legal instruments such as cheques, receipts, military commissions, marriage licenses, land transactions and shares.

The interest on corporate bonds is taxable by local, state, and federal governments. However, interest on bonds issued by state and local governments (generically called municipal bonds, or munis) generally is exempt from federal income tax.

Of all the financial advisor certifications, you’re probably most familiar with certified public accountant (CPA). Although most people associate CPAs with taxes, their expertise goes far beyond your annual tax filing. CPAs handle jobs from financial reporting to audit work and forensic research.