You may be able to turn your required minimum distribution into a charitable donation if you are over 70-1/2 and own a traditional Individual Retirement… Read More »Turn your RMD into a Charitable Contribution
The IRS just announced that they are offering late filing forgiveness to those who did not get certain tax returns for 2019 and 2020 filed… Read More »Unfiled Returns for 2019 and 2020? Late Filing Forgiveness Opportunity
What are estimated tax payments? And do I really need to make the estimated payments? The United States employs a “pay-as-you-go” tax system. This means… Read More »Do I really need to make estimated tax payments?
I’m thinking about renting out my personal residence when I move. This article is meant to inform and educate. It is by no means exhaustive… Read More »I am thinking about renting out my house…
Virtual Currency: What Does the IRS Think? First, before we talk about what the IRS thinks about cyrpto, we will start by telling you what… Read More »What does the IRS think about Virtual Currency?
Determine the Type of Income You Have To determine how to calculate your estimated tax payments, first we need to know what kind of income… Read More »How do I calculate my estimated tax payments?