We hardly hope for a natural disaster, but they come and strike us many times. This results in a series of disasters alongside the destruction of life and properties. For victims of...
Posted by Tiffany Gaskin on 07/23/2021
Sports betting and gambling is a two-edged sword – fun or depressing depending on your outcome. On top of that, gamblers have to deal with the complication of taxes as Uncle...
Posted by Pat Raskob on 06/06/2021
Capital gains are a different type of income from normal corporate profit income. Capital gains taxes come into play in the sale of a business because the capital assets are being...
Does the IRS take a large chunk of your cryptocurrency income? Maybe you traded one cryptocurrency for another at the right time and withdrew a lot of it in dollars, and now you have...
Posted by CORE PERFORMANCE on 05/29/2021
In estimating the business use of a vehicle, there are two methods. One needs to calculate the vehicle expenses using each mode and select the most significant deductions approach. The...
Gambling to you might simply be a hobby you enjoy to pass the time or making some extra bucks. However, you need to fulfil your end of the bargain when it comes to tax time, as Uncle...
Posted by Thomas G Kinsella, ATP on 05/24/2021
This historic pandemic triggered a 25% rise in the freelancing market last year in which many people turned to work from home to supplement their income. For long-time gig workers...
Posted by Income Taxes and Bookkeeping LLC on 05/19/2021
The significant difference between S corps and partnership is the protection limited liability that S corps business owners enjoy. Partnerships, however, do not have this protection,...
Posted by Jim McClaflin, EA, NTPI Fellow on 04/27/2021
Giving out a on rent room is another way to earn extra money. Many people now rent out an apartment or a room either for an office or for other functions. If you want to rent out...
Posted by CORE PERFORMANCE on 04/15/2021
