How much you paid for your cryptocurrency (cost basis) greatly impacts the taxes you pay when you finally sell them. Understanding how the specific ID, first-in, first-out (FIFO),...
The Internal Revenue Code (IRC) talks about Title 26 of the U.S. Code. It is commonly called IRS Code or IRS tax code with laws enforced by the Internal Revenue Service. The United...
Posted by Elliot Kravitz, ATP on 08/28/2020
While the separate filing of tax is a good idea and comes with its advantages, filing jointly brings about significant tax breaks in addition to being a simple method. We compiled...
We all come to points in our life when we have to borrow money. It could be student loans to finance your education, mortgage to buy a house, or loan for your first vehicle. It could...
Recognize whether which of the standard deduction and itemized deduction suits you before you file.Although you don’t have plenty of choices when it comes to paying taxes, you...
It’s common for women in their sixties to feel insecure financially as they approach retirement. It’s stressful enough to plan for retirement, facing additional challenges...
A student loan is a reality in the lives of 44 million Americans who collectively owe $ 1.6 trillion. These loans are an essential part of the discussion on the financial prospects...
As the saying goes, to be forewarned is to be forearmed. After preparing the Form 1099 MISC forms, stop and check if the info entered is correct. Before submitting these forms to individuals...
Posted by Carmen Garcia on 06/11/2020
If you have a relative that passed away and left you a considerable sum of money, it is possible to feel that you have arrived. Rather than lavishing the money on frivolities, however,...
Posted by Flynn Financial Group Inc on 06/10/2020