The IRS wants to know of any bitcoins or other cryptocurrencies you have. It will appear at the top of the first page of your Form 1040, below your address and name. The IRS wants to monitor crypto purchases and sales starting this year. Anyone filing a tax return...
There are times when we pinch pennies or even save to the extreme and then there are those that have developed a fear of spending their money. This fear is probably based off of a past experience when someone had no access to funds and because of poor budgeting or...
Curious about investment properties and how that income can be taxed? Let me begin by telling you a little story that happened not too long ago in a city not too far away. Once upon a time, there was a tax advisor sitting in his office going through a regular tax...
So, you are interested in saving for your retirement, but you make too much to contribute to a Roth IRA. There are many rules surrounding this type of retirement account that limit who can use the account and how they can use it. The backdoor Roth IRA is a common...
