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Crypto tax loss harvesting is a way to avoid capital gains tax without damaging your portfolio. Learn how to use this powerful tax savings strategy!
Whether you’re an entrepreneur looking to turn your passion into profit, or a hobbyist seeking to maximize your enjoyment while
If you work for yourself and get paid through online payment services like PayPal or Square, you might receive a form called a 1099-K. This form shows how much money you received through that service during the previous year.
Even though it might seem like just another boring tax form, it’s actually really important to understand what it is and how to use it for your taxes.
If you’re a content creator on OnlyFans, you may seek ways to earn a quick buck. But before making money on the platform, you must understand OnlyFans taxes. The IRS has recently started contacting OnlyFans content creators regarding potential criminal investigations.
In this blog post, we’ll dive into the world of OnlyFans’ taxes implications to help you understand what you need to know to stay on the right side of the law.
Did you just learn about FBAR filing requirements? Are you worried that you should have filed one and scared about what will happen if you don’t?
Are you thinking of becoming a rideshare driver for Uber or Lyft? Great idea! Not only is it a flexible way to earn extra cash, but it’s also a fun way to meet new people and explore your city. However, before you hit the road, it’s important to understand the Uber and Lyft tax implications of being a self-employed driver. Don’t let taxes put a damper on your earning potential.
SDOP is an IRS amnesty program for U.S. residents who have unreported foreign income.
SFOP is an IRS amnesty program for U.S. taxpayers with unreported offshore income. Successful applicants get all non-filing penalties waived!
People often ask: Do Bitcoin and other digital tokens qualify as foreign assets under U.S. law? Answer: Not inherently. Cryptocurrency
The FBAR, or Foreign Bank Account Report, is a form that must be filed annually by individuals who have foreign financial accounts with a total combined balance of $10,000 or more. Failure to file can result in significant FBAR penalties for individuals to understand their obligations and how to avoid penalties.
Love them or hate them, NFTs are here to stay. Some only see a digital picture of an ape in human clothing. Others see an opportunity for creatives and artists to securely sell or trade with people all over the world via the blockchain. The NFT market has exploded over the last several years and shows no signs of letting up.
Have you ever wondered what would happen to your wealth if you suddenly fell ill and could no longer work, or if the economy took a downturn and you lost most of your savings?
Before any M&A deal, it’s important to be aware of the tax considerations involved with your deal and how they may affect your business!
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