Every time you file your taxes, a trail of paperwork is involved. Once you've settled with the IRS, you might be tempted to throw away all those documents. But the IRS recommends...
Posted by KLSM CPA Firm PLLC on 12/08/2022
Taxes are one of the only certainties in life, and cryptocurrencies are no exception.Yes, your Bitcoin is taxable. The IRS treats ownership of cryptocurrencies as "property"...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 07/06/2021
You might think that the only time there would be taxes on an IRA or other type of retirement account would be when you make withdrawals or distributions. However, some income received...
Posted by Taxes Made EZ Inc on 06/06/2021
One of the main advantages of life insurance is that payment to beneficiaries is free. Because life insurance benefits in the event of death can run into the millions of dollars, it's...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 03/29/2021
What is the law on the uniform transfer to minors act (UTMA)?The Uniform Transfer to Minors Act (UTMA) is an extension of the Uniform Gifts to Minors Acts (UGMA), which allows people...
Posted by John Pournaras Agency on 01/02/2020
No one is born knowing the ins and outs of all the tax write offs available to the average American. This is especially true with all the revisions and opportunities that the IRS makes...
Posted by BTL & Company, P C, Tax & Accounting on 01/26/2016
No one is born knowing the ins and outs of all the tax write offs available to the average American. This is especially true with all the revisions and opportunities that the IRS makes...
Posted by BTL & Company, P C, Tax & Accounting on 01/21/2016
