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Where Do You Fall In The Tax Pecking Order?

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Article Highlights: 2015 Overall Filing Statistics Statistics by Adjusted Gross Income Percentile Table Ever wonder where your income puts you in comparison with the rest of the U.S. taxpayers? Each year the Internal Revenue Service…
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Checking Your Federal Refund Status Is Easy

Article Highlights 24/7 Access Quick Posting Direct Deposit Necessary Information If you have already filed your federal tax return and are due to receive a refund, you can check the status of your refund online. Where’s…
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Cryptocurrencies and Taxes

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Article Highlights: Virtual Currency Valuation Transactions Character of the Gain or Loss Foreign Currency Transactions Foreign Bank and Financial Account (FBAR) Reporting Payment for Goods & Services Acquiring…
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Tax Reform Limits Exchanges to Defer Taxes

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Article Highlights: Deferring Tax with Like-Kind Exchanges Changes Made by Tax Reform Impact on Trade-ins Note: This is one of a series of articles explaining how the various tax changes made by the GOP’s Tax Cuts & Jobs…
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Tax deductions vs. Tax credits: A guide for simplifying your tax filing experience

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Article Featured on CNN Money If the thought of filing your taxes gives you heart palpitations and sweaty palms, fear not. Yes, taxes can be complicated. But the more you understand, the smoother the process will go. Familiarizing yourself…
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A New Study Says Business Loans Help Startups Grow. Personal Loans Don't

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Article by Rob Mandelbaum | Found on Forbes Business 101 teaches that entrepreneurs must begin almost immediately to build company credit. That advice has always rankled a certain breed of DIY business owners, the ones who find debt of any…
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How to Save Money on the Biggest Expenses in Your Budget

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Article by Anna Bahney | Found on CNN Want to find some real savings in your budget? Cutting out lattes and avocado toast probably isn't the way to go. Housing, transportation and food: that's what Americans spend almost 70% of their money…
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Business Owners Beware: New Tax Law Severely Limits Entertainment Deductions

  Note: This is one of a series of articles explaining how the various tax changes in the GOP’s Tax Cuts & Jobs Act (referred to as “the Act” in this article), which passed in late December 2017, could affect you, your business…
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How Small Businesses Write Off Equipment Purchases

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Article Highlights: Depreciation Materials & Supplies De Minimis Safe Harbor Expensing Routine Maintenance Unlimited Expensing Bonus Depreciation Sec 179 Expensing Mixing Methods From time to time, an owner of…
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Medical Deductions & The New Tax Law

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Article Highlights: Medical Deductions Retained by the Tax Reform Law Adjusted Gross Income Floor Dropped to 7.5% The Standard Deduction Bunching Medical Deductions Unusual Medical Deductions Medical Dependents Divorced…