Taking a moment to say to thank you to our veterans for their service, and to acknowledge their contributions to our nation and our freedoms. You are appreciated and have sacrificed much for us. Thank You again.… Read More
Tax season can be a stressful and overwhelming time for many individuals and businesses. However, with a little bit of preparation, you can make the process much smoother and less stressful. In this blog post, we will be discussing some tips to help you prepare for tax… Read More
Contrary to common misconception, an enrolled agent is not actually an IRS employee. The IRS has many career fields, but an enrolled agent tax preparer is not one of them. Enrolled agents are federally licensed, but they are not federally employed. Alternatively, most enrolled agents either work as self-employed independent contractors or at accounting firms.… Read More
As with most questions about taxes, the answer is “it depends.” Generally, if Social Security is your only retirement income, you won’t have to pay taxes on it. But if you or your spouse have at least a moderate income, you’ll most likely owe the government some money. Up to 85% of Social Security Benefits… Read More
Taxpayers must report all forms of potentially taxable income. In addition to wages or a salary that you receive as an employee, make sure to accurately report any income you had from: Business activities, including selling goods online, independent contract work, side gigs or other forms of self-employment. Interest, dividends, gains from digital assets (cryptocurrency,… Read More