If you're wondering if your gig income is taxable, the IRS sent out a little reminder recently to that effect.In a June 27 memo on its website, the Internal Revenue Service said,...
Posted by James Financial Services Inc on 07/12/2022
The IRS may come requesting the previous record, and it is bad for you to have none. In such a case, you may face serious financial penalties. However, having a record for various...
Posted by Rosovich & Associates, Inc. on 06/10/2022
If you just got married or are getting married soon, it's time to start talking about money with your partner. Super romantic, we know, but listen up: agreeing on money is a key...
Posted by Rosovich & Associates, Inc. on 03/23/2022
It is easy to desire the benefits your friends enjoy in paid employment when it is time for tax. As someone self-employed, you will do a lot of record-keeping while they only fill...
Posted by Pat Raskob on 01/01/2022
How to file a tax return is one of the most significant decisions many Americans have to deal with each year. Many people prefer to use a tax professional for their return. As a result,...
Posted by Tiffany Gaskin on 09/19/2021
Taxation is never easy. And for many Americans, this year is even more difficult.There are many general challenges between the mid-season changes to the tax code, the various incentive...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/17/2021
The Treasury and SBA launched a PPP forgiveness loan that many borrowers will use to apply for the Paycheck Protection Program (PPP) loan. There is also an alternate EZ Form. In this...
Posted by Dennis Jao on 08/13/2020
Cost basis is defined as the original value of an asset after stock splits, dividends, and the return of capital is being adjusted. If you’re planning to sell an asset, it’s...
Posted by BEST FINANCIAL GROUP LTD on 05/16/2018
Almost every gambler looks forward to winning when they bet on a sport. Unknown to most gamblers; however, the taxman also wants his cut. Uncle Sam considers sports betting winning...
Posted by Karen Munoz, EA on 10/30/2021
