Cryptocurrencies and Taxes
Taxes, TechnologyArticle 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…
Tax Reform Limits Exchanges to Defer Taxes
Tax News, TaxesArticle 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…
Tax deductions vs. Tax credits: A guide for simplifying your tax filing experience
Tax Tips, TaxesArticle 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…
Medical Deductions & The New Tax Law
Tax News, TaxesArticle 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…
Will Your 2018 Withholding Be Right?
Tax Tips, TaxesArticle Highlights:
Tax Cuts & Jobs Act
Wage Withholding Tables
W-4
Be Cautious with Adjusted Withholding
Note: The is one of a series of articles explaining how the various tax changes made by the GOP’s Tax Cuts &…
Yes or No? Simple answers to your tax questions
Tax News, Tax Tips, TaxesArticle by Danielle Wiener-Bronner | Found on CNN
The changes to the new tax law are complex, and difficult even for experts to unpack. But some of the plan's provisions are straightforward enough for simple "yes" or "no" answers.
1. Does…
Changes to the Child Tax Credit: What it Means for Families
Tax News, TaxesArticle by Lydia DePillis | Found on CNN.com
Parents will get twice as large of a tax credit for each child next year, under a compromise hammered out by the House and Senate Friday — although other changes to the bill mitigate the impact…
3 Things Every Entrepreneur Can Learn From Amazon's Second Headquarters Search
Tax Tips, TaxesArticle by Monique Claiborne | Found on INC.COM
On Thursday, Amazon announced its plans to search for a second headquarter city in North America. According to the press release, the new office will be a full equal to Amazon's headquarters…
Tax Filers Could Overlook Security Risks as They Rush to Submit Their Returns
Tax Tips, TaxesArticle by Gretal Egan | Found on AccountingToday
As Tax Day looms near, many individuals are likely scrambling to gather their 2016 tax documents to avoid missing the filing deadline.
This year’s “extension” to April 18 may have…
Nexpanding: The Ever-Evolving Shape of Nexus Rules
Accounting, Tax News, TaxesArticle by Roger Russell | Found on Accounting Today
Nexus — the minimum amount of contact between a taxpayer and a state that allows the state to tax the business on its activities — is under attack by the states as they seek to broaden…