Are you among the 36.5 million Americans who own cryptocurrency? If so, you might be interested to know that the IRS recently updated the tax guidelines for all cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash, Litecoin…
Have you ever wondered if you are paying more taxes than you owe? Industry experts estimate that 2 million Americans overpay their taxes every year. The overpayment is estimated at $1 billion annually. How can…
Through loopholes and deductions, there are ways to pay less in taxes legally, but at what point do you cross into “tax evasion” territory? Since this can often seem like a fuzzy line for taxpayers,…
“Nothing is certain except death and taxes.” One of America’s favorite founding fathers, Benjamin Franklin, is credited with making the proverb famous. Historians suggest, however, that Franklin might have been quoting an earlier source since…
What is the difference between a credit and a deduction? What is taxable income and earned income? Should I take the standard deduction? When you’re sitting down to do your taxes, it might feel like…
With all of the money that celebrities make, shouldn’t they be able to pay their taxes without issues? And yet, we hear countless tales of celebrity tax woes. We asked a panel of professionals to…
You have filed the paperwork, sent back the dreaded 1040, and the good news is that you are getting a return! That is good news, right? Well, that depends on how you look at it….
If you’re expecting a tax refund, you may be licking your chops as you consider all of the ways that you could spend it. But before you commit, you should consider some words of advice…
If you’ve had a child in the last year, congratulations are in order! That new bundle of joy brings with it indescribable happiness, but perhaps also uncertainty where your taxes are concerned. If you find…
With tax day approaching, scammers are rampant. Many people fall for their ploys, only to pay the penalty later when the IRS catches up with them. We asked a panel of professionals for advice on…