A Quick Look at Inheritance Taxes (Video Blog)
A Quick Look at Inheritance Taxes Proper planning can help prevent unexpected outcomes. Things you need to know about Inheritances Inherited traditional IRAs are generally taxable to a beneficiary.
2021 Extended Earned Income Tax Credit (Video Blog)
Extra help for families when filing 2021 tax return Important Enhancements to the Earned Income Tax Credit for 2021.
If You Have a Side Hustle, Be Advised: The IRS is Cracking Down
Having a side hustle may mean that you are responsible for your self-employment tax, as well as federal and state tax.
Hobby or For-Profit Activity? The Answer Makes a Big Difference for Tax Purposes
The tax treatment of your income or loss from your income activity depends on whether it is a hobby or for-profit activity.
Does a Tax Deduction and a Tax Credit Result in the Same Tax Benefit?
Although a tax deduction and a tax credit both help lower the taxpayer’s tax, there’s a difference between them, and there are distinct types of deductions and categories of credits. This article explains these terms.
All the Things That Entrepreneurs Can Learn From the Overnight Success Story of Wordle
Wordle became public in October 2021 and, after exploding in popularity, was eventually purchased by The New York Times for a seven-figure sum.
March Due Dates for Individuals
It is best to prepare a preliminary return and estimate the result so you can pay the tax and minimize interest and penalties. Here are March 2022 Due Dates.