Does Your Business Need an EIN?
Does Your Business Need an EIN? On average, entrepreneurs in the U.S. launch 4.7 million new businesses every year. If you’re adding your brand to the list, applying for an […]
New Bill Proposes 90% Cap on Gambling Loss Write-Offs
New Bill Proposes 90% Cap on Gambling Loss Write-Offs There’s a new provision in the Senate version of the so-called ‘Big Beautiful Bill’ that has received much attention and could […]
What You Need to Know About Cryptocurrency and Taxes
What You Need to Know About Cryptocurrency and Taxes When you invest in cryptocurrency, you avoid scrutiny from centralized financial institutions like banks. However, that doesn’t mean you can avoid […]
Do Sole Proprietors Need a Business Bank Account?
Do Sole Proprietors Need a Business Bank Account? Business owners need to be strategic in their approach to banking. If you’re a sole proprietor operating under your own name, you […]
Do Poker Players Have to Pay Taxes on WSOP Tournament Wins?
Do Poker Players Have to Pay Taxes on WSOP Tournament Wins? The WSOP is just weeks away, and thousands of poker players are already preparing for their shot at glory. […]
Tips for Avoiding Tax Scams
Tips for Avoiding Tax Scams Countless people fear the IRS, but tax agents are far less scary than real monsters targeting taxpayers. We’re talking about the criminals trying to trick […]
Should You File Taxes Before April 5?
Should You File Taxes Before April 5? For many taxpayers, April 15 looms as a stressful deadline. This is the date your tax return and payments are due to the […]
Is Your Hobby Really a Business?
Is Your Hobby Really a Business? It doesn’t matter if you knit hats or create miniature figurines—once you start making money, you need to figure out if your hobby is […]
How Much Is the Child Tax Credit for 2024?
How Much Is the Child Tax Credit for 2024? Tax season is just around the corner, and if you’re a parent or guardian, you might qualify for the Child Tax […]
What is the Gift Tax Exclusion for 2024
What is the Gift Tax Exclusion for 2024 Gifting your loved ones with cash is one of the most generous things you can do. And depending on the amount, you […]
Tax Credits and Deductions That Are Often Overlooked
Tax Credits and Deductions That Are Often Overlooked Taking advantage of tax credits and deductions is the easiest way to lower your tax bill. However, unless you’re an expert, figuring […]
What Are Estimated Tax Payments?
What Are Estimated Tax Payments? In the U.S., taxpayers make payments throughout the year. Your tax debt is typically withheld from each paycheck if you have an employer. However, If […]