Taxes

Understanding Crowdfunding Taxes

Understanding Crowdfunding Taxes

There are so many fundraising websites cropping up all across the internet. This method for raising money from large groups of like-minded donors has never been more popular. The way it works is very simple. Anyone seeking to finance a wide variety of projects and products initiates a campaign on a website. These include Kickstarter.com or Indiegogo.com. There, they advertise […]






by May 12, 2017 0 comments Taxes
8 Expenses You Thought Were Deductible but Aren’t

8 Expenses You Thought Were Deductible but Aren’t

Taxpayers are always looking for ways to save on their tax liability. Each year, as we all prepare our tax returns, we account for the expenses that were incurred. We do this for a variety of reasons to identify deductions that each of us might qualify to claim under the law. For some, those expenses can lead to big deductions. […]






by May 5, 2017 0 comments Taxes
10 Common Millennial Tax Mistakes to Avoid Making

10 Common Millennial Tax Mistakes to Avoid Making

Doing your taxes is certainly not the easiest thing you’re likely to tackle this year. For Millennials, this can be increasingly more difficult. That’s because filing a return may be something brand new and unfamiliar. Additionally, the IRS tax code is hardly a walk in the park for the uninitiated. That is why it’s so important to be aware of […]






by March 16, 2017 0 comments Taxes
How Do Investment Losses and Gains Affect Your Taxes?

How Do Investment Losses and Gains Affect Your Taxes?

Investing involves risk. Everyone knows that. However, it’s not just your principal at risk. Any gains or losses that you may incur on an asset could also have serious consequences when it comes to your taxes. Ownership of capital assets brings a number of implications come tax time. Knowing what they are might have some influence in your investment strategies […]






by March 15, 2017 0 comments Taxes
New Baby? Commonly Overlooked Tax Breaks for New Parents

New Baby? Commonly Overlooked Tax Breaks for New Parents

New parents have a lot to think about now that their bundle of joy has come home. With so much on weighing on their minds, the complexities of the IRS tax laws are probably the last thing they are worried about. Yet, when tax time comes around, parents have a variety of ways in which they can save on their […]






by February 17, 2017 0 comments Taxes
Managing Your Self-Employment Deductions

Managing Your Self-Employment Deductions

It’s the dream of millions of Americans, and one that has come true for many of us: Self-employment. Perhaps you can claim yourself among this ever-growing segment of the population, and you’re enjoying the freedom and empowerment that come with working for yourself. However, the dream can turn into a nightmare when tax times comes around. The IRS has very […]






by February 16, 2017 0 comments Taxes
Comparison of the Best Online Tax Software

Comparison of the Best Online Tax Software

Tax time is just around the corner. Taxpayers are looking for ways to make this annual event go by smoothly and as painlessly as possible. Taxes can be tough to figure out. Some people planning to do their taxes on their own may be filing a very simple return, while others might be misguided as to the extent of their […]






by February 15, 2017 0 comments Taxes
Medical Expenses: What’s Deductible and What’s not?

Medical Expenses: What’s Deductible and What’s not?

Medical expenses can be a serious drain on your wallet, whether or not you have insurance. So the IRS offers a long list of expenses that you are allowed to write off as a deduction from your taxes. These types of expenses are generally spent on the cost to diagnose, prevent, treat, mitigate or cure an illness or some other […]






by February 14, 2017 0 comments Taxes
Common Tax Audit Triggers to Avoid

Common Tax Audit Triggers to Avoid

No one loves doing their taxes. However, it is a necessity that we all must endure. Getting audited can make it all worse. If you’re the target of an IRS inquiry, you can be facing months of scrutiny and extra paperwork. Perhaps, even a higher tax bill when all is said and done. Yet, it does not have to be […]






by February 9, 2017 0 comments Taxes
Major Life Changes That Affect Your Taxes

Major Life Changes That Affect Your Taxes

There is a whole range of major life changes that can have an impact on your taxes. Getting married, getting divorced, having kids, even changing jobs bring significant complications to the way you do your taxes. These adjustments are going to be predicated upon the particular developments that take place in your life. Maybe you are saving for your college […]






by February 8, 2017 0 comments Taxes