by Angelo Sandone | Jan 26, 2022 | Individual
With the rising cost of living, most Americans are looking for every corner they can cut to make ends meet. As tax season approaches and most people are receiving their end of year statements, many Americans are considering using common tax software or wondering if...
by Jimmy Campoverde | Jan 25, 2022 | Individual
The IRS began accepting 2021 individual tax returns on January 24. If you haven’t prepared yet for tax season, here are three quick tips to help speed processing and avoid hassles. Tip 1. Contact us soon for an appointment to prepare your tax return. Tip...
by Diogo P. Azevedo | Jan 24, 2022 | Individual
If you own a valuable piece of art, or other property, you may wonder how much of a tax deduction you could get by donating it to charity. The answer to that question can be complex because several different tax rules may come into play with such contributions. A...
by Richard Hall | Jan 21, 2022 | Individual
If you’re fortunate enough to own a vacation home, you may want to rent it out for part of the year. What are the tax consequences? The tax treatment can be complex. It depends on how many days it’s rented and your level of personal use. Personal use includes vacation...
by Jimmy Campoverde | Jan 20, 2022 | Individual
The number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021 survey, the Pew Research Center found that 16% of Americans have earned money at some time through online gig platforms. This includes providing car rides,...
by Donald Bicking Jr. CPA, CTC | Jan 18, 2022 | Individual
The IRS announced it is opening the 2021 individual income tax return filing season on January 24. (Business returns are already being accepted.) Even if you typically don’t file until much closer to the April deadline (or you file for an extension until October),...
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