Tag

free tax advice

Tax Documents needed for Homeowners

By | Uncategorized

As a homeowner you will want to be sure maximize your tax deduction, here is a list of the documents you will need to prepare your tax return as a homeowner. 1. 1098-Mortgage Interest Statement 2. Real Estate Tax Receipts 3. DMV Registration Bill 4. Charitable contribution receipts. 5. W2s…

Read More

How does an S-Corporation save tax?

By | Uncategorized

S-Corporation Save Tax First off for clarification, as most don’t know the difference, an S-Corporation is not always a corporation. An S-Corporation is strictly just a tax entity, whereas an LLC or Corporation are legal entities. However, in order to be taxed as an S-Corporation, you will need to first…

Read More

Tax Tips: Uber and Lyft Drivers

By | Tax Tips

Driving for Uber or Lyft has the benefits of being self-employed, however it also comes along with the responsibilities of owning your own business. The IRS treats Uber and Lyft drivers as businesses which then has separate filing requirements when it comes to tax. Unlike employees and wage earners who…

Read More

What You Must Know About Cryptocurrencies And Taxes

By | Blog

Cryptocurrencies And Taxes taxLately, I have noticed a small but consistent increase of employers using Bitcoin and other cryptocurrencies to pay their employees instead of using physical currency. I started to research more about cryptocurrencies and if, these virtual currencies, are also subject to taxation just as much as physical…

Read More