With the price increases of nearly 500 percent in 2017, bitcoin has recently caught the eyes of a lot of investors and speculators, but the IRS has had its eyes on bitcoin for years now. If you use bitcoin or other cryptocurrencies for your business, you have to report the transactions, and in some cases, […]

For millions of people, it’s often one of the most exciting days of the year. Christmas is unbelievable! But, this isn’t about Christmas, although, it is possible that you’ll end up using the results of this day to help pay off some of your remaining Christmas debt. In any case, the day I’m referring to […]

The Tax Cuts and Jobs Act (aka Trump Tax Plan) will be a game changer for corporations; the elimination of the Alternative Minimum Tax (AMT) and consolidation of tax rates down to 21 percent – are all permanent. But, what does it mean for individual taxpayers? Instead of sweeping reform, the new tax laws are […]

Tax reform is coming, and it could happen very soon now that GOP lawmakers in both the House and Senate have agreed upon a reform plan. Depending on whom you believe, the changes will help all taxpayers, or they will just make the rich, richer and give even more tax breaks to large corporations. But no […]

It’s finally here! No not Christmas, but that is just around the corner. I’m not talking about tax season either. The “it” I’m referring to is the Republican tax reform plan. House Republicans released their long-awaited tax plan last week and as one might expect there is a lot to digest. So let’s take a […]

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