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Tax Advice for Bitcoin and Other Cryptocurrencies

Tax Advice for Bitcoin and Other Cryptocurrencies

As you probably already know, virtual money is considered real property by the IRS. So, if you are one of those adventurous people who “mine” virtual currencies, you should understand that the Internal Revenue Service requires reporting of profits and losses. It gets...
What You Need To Know About The New Tax Bill.

What You Need To Know About The New Tax Bill.

The Tax Cut and Jobs Act were passed by Congress and signed by President Trump last week. Essentially, it lowered individual tax rates, especially for wealthier taxpayers, and made a major cut in the corporate tax rate. The changes will apply to the 2018 tax year....
The 10 Most Ignored Tax Deductions

The 10 Most Ignored Tax Deductions

Tax season is just around the corner and we want you to keep more of your hard-earned money in your pocket. Here are our 10 most ignored tax deductions. If a deduction is legitimate and you have the documentation to prove it, take it.   State sales taxes IRS has...