27 12, 2021

Taxation for Resident and Nonresident Aliens

By |2021-12-27T10:42:59-07:00December 27th, 2021|Tax|0 Comments

Taxation for Resident and Nonresident Aliens Taxation for resident and nonresident aliens differs from that of U.S. citizens. In this article, we will go over the basics of taxation for resident and nonresident aliens. Resident vs. Nonresident A resident alien is someone who is not a U.S. citizen but has a green card that [...]

4 11, 2021

5 Investment Strategies That Can Lower Your Taxable Income

By |2021-11-04T13:03:23-07:00November 4th, 2021|Advisory, Tax|0 Comments

5 Investment Strategies That Can Lower Your Taxable Income If you consistently owe taxes each year, you may want to try using investments to lower your taxable income. These investments allow you to set aside funds in a way that will reduce the total amount of your income that the IRS can tax. In [...]

7 10, 2020

Tax Audit-Common Questions Answered

By |2021-10-18T21:32:08-07:00October 7th, 2020|Tax|0 Comments

Tax Audit-Common Questions Answered Tax audit-a phrase that strikes fear into most hearts. A tax audit is something we all want to avoid, but many are not prepared for what to expect. This article will answer some common questions about dealing with a tax audit. How Likely is a Tax Audit? This is one [...]

27 11, 2019

Schedule E: Supplemental Income and Loss

By |2021-08-10T06:22:23-07:00November 27th, 2019|Tax|0 Comments

Schedule E: Supplemental Income and Loss Schedule E calculates the supplemental income or loss to report on your main tax return. In this article, we will go over the basics of Schedule E so you can better prepare for tax season. The Basics Schedule reports supplement income or losses not earned income. Supplemental income [...]

13 09, 2019

Minimum Income Tax Filing Requirements

By |2020-09-28T13:26:17-07:00September 13th, 2019|Tax|0 Comments

Minimum Income Tax Filing Requirements Depending on your situation, you may or may not be required to file income taxes. If your income is less than the standard deduction you are not required to file an income tax return. For single filers, this amount is $12,000, if you are married filing jointly this amount [...]

2 08, 2019

Cryptocurrency Taxation

By |2020-09-28T13:33:11-07:00August 2nd, 2019|Tax|0 Comments

Cryptocurrency Taxation Cryptocurrency taxation has come to the forefront of headlines due to a recent IRS announcement. The IRS is sending out 10,000 letters to taxpayers who did not report cryptocurrency income or gave incorrect reports. This leads many to question, what is involved in cryptocurrency taxation? IRS Notice 2014-21 The IRS addressed cryptocurrency [...]

Go to Top