Having a hobby can be a great way to unwind, but a hobby can take on a whole new dimension if you can earn money while carrying it out. This is because any money generated by your...
What is Form 1040-SR: Tax Return for U.S Seniors?If you are 65 or older (or turned 65 in 2020 or after), you will have the option of using a new, simple tax form for seniors, known...
Posted by The TaxAdvocate Group, LLC on 02/23/2021
Everyone wants to save on taxes, and older Americans are no exception. If you're over 50, here are some tax tips that can help you get there.The standard deduction for the elderly: If...
Posted by Dennis Jao on 02/23/2021
What is barter?Barter is an act of exchanging goods or services between two or more parties, sometimes more without using a monetary medium, such as physical cash or credit card. Essentially,...
This publication is intended for employers of farmworkers (agricultural workers). It contains information you may need to comply with farm labor (farm work) laws regarding Social Security...
One might spend a lot of income on medical bills, especially when unplanned emergencies arise and the insurance cannot cover it all. The bright side is that one can have some relief...
What is considered a convertible virtual currency?Convertible virtual currency is an uncontrolled digital currency. Still, it can be used as a substitute for a real and legally recognized...
Many eligible citizens got an advance payment of the Recovery Rebate Credit, a program authorized and scheduled by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. People...
Choosing a business structure requires a calculation that balances tax and legal benefits with costs and time to set up. It is one of the most critical decisions you will make when...