The Comprehensive Guide to Bitcoin Taxation: Understanding IRS Rules & RegulationsAs the popularity of cryptocurrencies continues to rise, the Internal Revenue Service (IRS) has...
Posted by Pat Raskob on 10/30/2023
If you're a savvy entrepreneur or a small business owner running two businesses simultaneously, you're likely looking for ways to maximize your tax deductions. Fortunately,...
Taxes are a part of life, and for businesses, they are a pivotal aspect of financial responsibility. While the world of business taxes can appear complicated and challenging, understanding...
Posted by Rosovich & Associates, Inc. on 09/13/2023
Limited Liability Companies (LLCs) have become increasingly popular among entrepreneurs and small business owners due to their flexibility and liability protection. One crucial aspect...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 08/17/2023
Self-employment allows individuals to be their boss and pursue their passions while managing their businesses. However, this autonomy comes with additional financial responsibilities,...
Posted by Taxes Made EZ Inc on 08/11/2023
Royalty income can be defined as a form of payment received by individuals or businesses as a payment for the use of intellectual property, such as copyrights, trademarks, patents,...
Posted by Taxes Made EZ Inc on 07/07/2023
Self-employment taxes are typically levied on self-employment income of at least $400. The taxes cover Medicare and Social Security levies. Self-employment tax can be applied to any...
As the backbone of our agricultural industry, farmers play a crucial role in providing food and resources. Operating a farm involves various financial responsibilities, including taxes....
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/02/2023
When it comes to filing your taxes, understanding the concept of Adjusted Gross Income (AGI) is crucial. AGI serves as the starting point for determining your taxable income, and it...
Posted by Taxes Made EZ Inc on 07/02/2023