Ways to Reduce or Eliminate the Tax on Crypto Gains Currently, in the market, there are massive crypto gains and there are people who are actively selling their crypto businesses. With so many changes in the crypto market, one…
Shauna A. Wekherlien, CPA had the privilege of contributing this article for Today's Practitioner! Be sure to head over to their site and show them some love! Tax Advice for Physicians In the United States of America, physicians are paid…
How the New American Rescue Plan 2021 Can Help You The economic devastation due to the COVID crisis is continuing to hit several families throughout the country. The American Rescue Plan was recently signed into law by President Biden in…
Brilliant Way to Get Rid of Your Student Loan Debt Using Tax Strategy As a part of the $1.9 trillion COVID rescue plan, new tax strategy bills are currently being discussed to facilitate the recovery of the United States of…
New Advancements in PPP Loan Rules for Contractors, Sole Proprietors, & Freelancers by SBA PPP or the Paycheck Protection Program was initially implemented to offer financial assistance to individuals and businesses. This was done to ensure that the small businesses…
Recap Article for New COVID-19 Relief Bill Signed 12/27/2021 On December 27, 2020, the President signed into effect a mammoth piece of tax legislation. This is the new COVID-19 Economic Relief Bill. This is a massive funding package.…
There're a lot of people that call themselves real estate professionals, but in the eyes of IRS, there're some very specific things that you need to do and have in your background to be a real estate professional. One of…
There is an amazing Arizona State tax credit. So listen up S corporations out there; if your individual shareholders and your owners are paying in tax to the State of Arizona or if you're here in Arizona paying in more…
You know, if you are an individual, you have the opportunity to file an extension and an extension gives you the right to file the tax return up until, typically, October 15th each year. Now this year, I believe…
Is your unemployment Income Taxable? A lot of it depends on how much other income you have that year. Ask your CPA to do tax projection and tax planning for you. You may end up with payment plans or those…
Did you know that if you have a household employee (this is most commonly nannies or people that are employed inside your household doing household tasks on a permanent basis) that you really should be withholding and paying self-employment taxes…
If you pull money out before retirement age, there is a 10% potential. You may want to consider or at least look and see if there's options for taking a loan from your retirement account rather than pulling the money…
Today, I'm going to talk about a secret, so don't tell anyone, a secret tax ninja trick. It's called an IRA. There's self-directed IRAs, in which you can buy real estate inside your IRA, sell and gain on property…
Today I want to introduce you guys to somebody really special. Are you ready? She is the newest addition to the Tax Goddess family. It is a German shepherd. She's a six month old little girl. As you can see,…
It's about paying yourself first! As business owners, we start a business, hire people, and get involved and these people become our family. We become involved and they become a part of making the success of the company. But when…
