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,…

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….

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….

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?” 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…

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…

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…

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,…