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13 09, 2019

Minimum Income Tax Filing Requirements

By |2019-09-10T11:09:48-07:00September 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 |2019-08-01T09:28:20-07:00August 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 taxation [...]

26 06, 2019

Estate Tax

By |2019-06-25T13:21:54-07:00June 26th, 2019|Tax|0 Comments

Estate Tax Estate tax is an often-misunderstood form of taxation. In this article, we will try and clear it up. We will go over the basics of what estate tax is and how it works with inheritance and gift tax. Estate Tax Basics Estate tax is a tax on the portion of a deceased person’s [...]

12 04, 2019

Minimize Taxation on Social Security Income

By |2019-04-11T11:55:38-07:00April 12th, 2019|Tax|0 Comments

Minimize Taxation on Social Security Income Many retirees find out the hard way that social security income is taxable. But there are ways that you can minimize taxation on social security income. In this article, we will go over 5 ways to minimize such taxation. Keep Income Below Thresholds Social security income only becomes [...]

12 01, 2019

Tax Deductions You Can No Longer Count On

By |2019-03-11T20:40:06-07:00January 12th, 2019|Tax|0 Comments

Tax Deductions You Can No Longer Count On The Tax Cuts and Jobs Act of 2017 enacted changed that start to take effect this tax season. Some of these changes are that there are tax deductions that you can no longer take advantage of. In this article, we are going to go over the tax [...]

15 12, 2018

Preparing for Your 2018 Tax Return

By |2019-03-11T20:40:08-07:00December 15th, 2018|Tax|0 Comments

2018 Tax Return The 2018 tax return changes have many people concerned. But the more prepared you are, the less likely you are to experience any negative surprises. In this article, we will go over five helpful tips to prepare for your 2018 tax returns. Review Your 2017 Return One of the best things you [...]

16 11, 2018

Gift Tax

By |2019-03-11T20:40:10-07:00November 16th, 2018|Tax|0 Comments

Gift Tax Gift tax is a tax that you potentially may have to pay for gifting property to another person. In this article, we will go over the basics of how gift taxes work, so you can understand how it affects you The Basics Whether or not your gift will be subject to tax [...]

19 10, 2018

Charitable Donations and Tax Deductions

By |2019-03-11T20:40:12-07:00October 19th, 2018|Tax|0 Comments

Charitable Donations and Tax Deductions If you are making charitable donations throughout the year, you may be able to use them as itemized deductions. In this article, we will go over the different types of charitable donations. As well as what qualifies as a deductible donation and limitations. Types of Charitable Donations There are [...]

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