3 Things You Should Know about Cryptocurrency and Taxes

Though cryptocurrencies like bitcoin have been around for several years, it is only recently that large numbers of people have begun to jump into this type of investing. With promises of big returns, investors are diving in quickly, without putting much thought into how this type of investment impacts your...

What You Need to Know about Making Estimated Tax Payments

If you’re a W2 employee and have adequate taxes withheld from your paycheck, then you’ve likely never had to think about making estimated tax payments. But for those with a source of untaxed income, estimated payments are essential if you want to avoid penalties and fees from the IRS. The...

Deducting Business Auto Purchases in 2018

Automobiles are a necessary business expense for countless types of businesses. From farms to retail companies, vehicles are often purchased solely for the purpose of getting the job done. And while we’ve discussed deducting annual vehicle expenses, deducting the actual purchase of a vehicle is another matter altogether. With the...

Traditional IRA vs Roth IRA: Which Should You Contribute To?

Deciding to contribute to a retirement account is almost always a smart choice. But which type of account is the best investment for your particular situation? The answer to this question depends on a number of factors, and it is always best to seek professional assistance from someone who fully...

Tax-Related Identity Theft: What to Know and What to Do

Identity theft can happen at any time of the year, but it’s especially common around tax season. Tax filers use a lot of sensitive information to submit their returns, and identity thieves often find ways to steal this information for their own personal gain. If you’ve become the victim of...