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Most business owners are familiar with the idea that the IRS has quarterly tax requirements, but we’re often asked about how much …
Top 5 Tax Benefits of Real Estate Investments
Real estate is widely known as a tax-advantaged investment. However, we will often see individuals purchase and sell real estate, assuming they …
IRS FAQ: Does My Business Need to Issue any 1099-MISCs or 1099-NECs by January 31?
As a general rule, businesses that pay an individual or another business over $600 a year in cash, check, or other transfer …
10 Tips to Stay Out of Trouble with the IRS
From our experience working with individuals to get them out of IRS trouble, we have developed this short list of tips to …
10 Tips to Reduce Your Chance of Tax Audit in 2021
While there is no way to know the exact audit formula for the Internal Revenue Service, there are certain items that we …
How to Keep the IRS Out of Your Life: The Secret is in Your IRS Transcripts
If you want to keep the IRS out of your life, especially if you have previously experienced an IRS audit or penalties …
Is Delaware a Tax Haven? Top 10 Tax Tips for Businesses
While Delaware cannot be considered an “offshore tax haven,” the state is still considered a tax haven for many. And as the …
HSA Shoebox Rule: The Smart Tax Strategy to Save Money
Health Savings Accounts (HSAs) are popular but often underutilized. HSAs offer unmatched tax benefits, better than IRA accounts, and with the Shoebox …
Is My Cryptocurrency Taxable? 9 Tips for Smart Trading
Cryptocurrencies are becoming increasingly popular. They are used as an alternative form of currency, and also as a way to invest in …