Tax season is upon us and if you haven’t done so already, it’s time to gather up all your documents and receipts from the past year and get organized so you can maximize your tax return. Since I’m a blogger, I’ve began preparing any expenses I may have occurred from my blog last year and […]
1031 exchanges are becoming ever so popular and can have a huge impact on your business or investments in regard to profitability and avoiding big tax bills. What is a 1031 Exchange? A 1031 exchange is the sale of one investment property and the purchase of another while deferring any taxes on your sale. If […]
Updated: February 7, 2016 Doing your taxes by hand can be confusing and trying to figure out which forms to use and what tax credits you’re eligible for can be a real struggle. One alternative is to physically go to a tax professional and have them prepare your taxes for you, but this method is usually expensive. Another […]
Did you know that at one time the United States never had an income tax and only levied a tax in order to fund a war? If fact, the only reason a federal income tax ever became instated was because of what was considered a Robin Hood theory, which was to take from the rich […]
If you’re like me you put off filing your taxes to the last minute every year. This year, like every year, the tax laws change. A few of the changes are important to be aware of. Some changes, like the Affordable Care Act, will affect everybody. You also may have noticed that it’s more difficult to […]