The IRS is so focused on cryptocurrency that it issued warning letters to more than 10,000 taxpayers that it suspects might have an under-reporting problem. We explain in this week’s Tax Tip.
What distinguishes a business from a hobby? We explain the IRS’ nine factors to consider when making that judgement in this week’s Business Tip.
If you would like to make a substantial tax-deductible charitable donation this year, but have the ability to spread the actual distribution of funds to specific charities over a number of years, a donor-advised fund (DAF) may fill that need. We explain in this week’s Tax Tip.
A recent survey revealed that 42% of Americans have less than $10,000 saved for retirement. If you’re worried about not saving enough, read this week’s Financial Tip.