Tax Help: The Good News About Tax Form 6781
Do you ever long for the days when you filed just one tax form? Remember your first high-school job? Did it feel validating, somehow, to think that the US government cared that you were working…
How to get Tax Relief for Charitable Donations
What qualifies as a charitable donation for the IRS? What do I need to do to document these donations? Is it worth the bother? These are the universal questions about charitable donations and federal tax,…
Can/Should Bitcoin Earnings And Losses Be Reported On Your Taxes?
Because Bitcoin has only been around since 2009, it still constitutes a murky area for many taxpayers. We asked the experts to set us straight on tax requirements for Bitcoin. Read on to learn more….
6-Point Quiz: Tax Relief for Filing Taxes Early?
Are you a tax novice, an average citizen, or a tax whiz? Time to score your basic tax knowledge about filing taxes early. Take this short quiz. Give yourself a point for each correct answer….
How to Find a Good Tax Attorney
Finding a good tax attorney can be a challenging task, especially if you’re not familiar with the legal profession. Tax law is complex and requires specialized knowledge, skills, and experience to navigate. However, with some…
Do I Really Have to Pay Taxes on That? Common Sources of Income that are not Tax-Free
“Do I really have to pay taxes on that?” No one likes to be surprised by the IRS, so here’s your chance to brush up on non-traditional income sources that are often mistakenly assumed to…
The IRS is Back—and They’re Targeting the Wealthy
It’s been a dry season for the IRS thanks to COVID-19. The usual tax filing deadline of April 15 was pushed back until July 15. They have limited many of their usual activities to protect…
3 Losing Strategies for Lowering Taxes
A woman walks into a sports store and sees a $200 puffer jacket marked down to $80. She lives in a warm climate and never wears jackets, but, how could she pass up such a…
A Closer Look at Cryptocurrencies and Their Tax Implications
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…
How Do Wealthy People Lower Their Tax Rates?
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…