Every year towards the end of the year you hear about wealthy individuals making extremely generous contributions to charitable foundations. While these donations certainly help the foundations receiving the money, they also benefit the individual donating the funds. You are able to claim charitable donations as a tax deduction when filing your taxes. However, it […]
Cryptocurrency has gained a huge amount of traction over the past couple of years. Due to the volatility of these cryptocurrencies investors are constantly trying to buy low and sell high. However, they rarely pause to think how all these sales and purchases will affect them come tax time. Despite cryptocurrency lacking government oversight, it […]
If you have recently started a side-gig or even branched out on your own to become self-employed you may be wondering, how does the IRS tax the money I’m earning? If you work for a company you typically receive a W-2 and the company will automatically deduct payments from your paycheck for tax. However, if […]
Many find it difficult to submit their taxes to the IRS while the due date fast approching. Fortunately, you can get the assistance of tax preparers to get your taxes filed on time. You can even work with tax preparers to submit your taxes past the April deadline with an IRS tax extension. Whichever way […]
With an extension of time, you can leave more time for the preparation of the tax return. The extension of time not only serves to calm the nerves – it can also save money. Because those who covers miss the submission deadline, without having applied for an extension, may receive sanctions. How to apply […]
