Have you bought or are you considering buying a Non-fungible Token (NFT)? If so, you should know that your NFTs are taxable. Don’t let another day pass without considering the tax implications of your cryptocurrency transactions! Why are NFTs Considered Taxable? The...
While we can’t recommend one singular way to use your income tax refund, there are better options than spending your newly acquired funds on a new bag, a faster car, or the latest gadgets. Before you swipe your credit card, we suggest considering one of the options...
Spring is here so tax day is near! Here is your tax season checklist to help you get on the path to filing: Give us your tax documents. It is imperative that we receive your tax information as soon as possible in order to actually file your return or even to file an...
“Identity Theft is not a joke, Jim!” Dwight Schrute from The Office certainly had the right idea. Far from being a joke, identity theft is on the minds of many individuals this time of year. Tax-related identity theft is one of the most common forms of identity theft....
This question often gets asked right as tax season begins. But familiarizing yourself with tax brackets as soon as they get released for the current year is actually the best course of action. Why? Because it is a key factor in determining how much federal income tax...
E-filing your tax return means submitting your tax returns electronically as opposed to mailing a paper copy of your return to the taxing authorities. In 2020, approximately 97% of returns were e-filed and that value is only expected to increase in 2022. In fact in...
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