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Are NFTs Taxable?

Are NFTs Taxable?

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...
Fast Facts: Identity Theft

Fast Facts: Identity Theft

“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....
What Tax Bracket Am I In for the 2021 tax year?

What Tax Bracket Am I In for the 2021 tax year?

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...
Why You Should E-file Your Taxes

Why You Should E-file Your Taxes

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...
When Will My 2021 Tax Return Be Completed?

When Will My 2021 Tax Return Be Completed?

There’s no denying it – tax time is stressful. If you’ve never used our firm to prepare your tax return before or haven’t sent in your 2021 tax information yet, your mind may be flooded with questions: When is my tax information due to your office? What...