Many cryptocurrencies like Bitcoin and Ethereum rise and fall, raising tons of tax questions. The Internal Revenue Service (IRS) is implementing many laws for those holding cryptos,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 03/25/2023
Rules change with time, and the required minimum distributions (RMDs) rules have changed. RMDs are retirement accounts, i.e., traditional IRAs and 401(k) plans). The new government...
Posted by Rosovich & Associates, Inc. on 02/07/2023
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
For those who lose a spouse, there are many things that demand their attention. This means settling life insurance, addressing any issues in the transferring of assets and of course,...
Posted by Simon Hase, CPA on 06/09/2016
Starting your own business involves plenty of administrative tasks, including setting up your bookkeeping and payroll. However, a new small business might not be able to afford the...
Posted by Patrick O'Hara, EA on 03/27/2016
An annuity is a contract that exists between you and an insurance company to cover specific objectives, such as lifetime income, principal protection, legacy planning or care cost...
Posted by Elliot Kravitz, ATP on 07/25/2019
