Search topic tags

Edit topics

87 results found

Tax Tips

Major Life Events that Affect Your Taxes

A variety of different life events can have a big effect on your taxes. Different situations, life stages, or events can affect how your earnings are taxed. You may get to lower your tax bracket, qualify for a tax credit, or take advantage of other attendant benefits. So what events can affect your taxes? Read more

Carol Nachbaur
Tax Tips

How is Cryptocurrency Taxed?

Cryptocurrency offers a lot of benefits, but exemption from paying tax is certainly not one of them. The IRS requires a report of user's activity on gains and losses when trading crypto. Learn how taxes will be applied to your cryptocurrency in this guide. Read more

Carol Nachbaur
Tax Tips

Tips to Cut Your Tax Bill This Year

Are you looking to cut your tax bill this year? Learn the best tips and tricks to lower the tax you owe this year in this easy guide. Read more

Carol Nachbaur
Tax Tips

Are Tips Taxable?

When you receive a tip as an employee or employer, you are mandated to pay taxes on this additional income. Tips come in different forms, from cash to electronic payments. Learn when you need to pay taxes on your tips, and how to pay them in this simple guide. Read more

Carol Nachbaur
Tax Tips

Long-Term vs. Short-Term Capital Gains Tax

If you are an investor or preparing to venture into stocks, bonds, real estate, or other forms of capital assets, you must be aware of the tax charge on capital gains. Capital gains are subject to tax be it long-term or short-term. Learn the difference here. Read more

Carol Nachbaur
Tax Tips

Business vs. Hobby: How does the IRS decide?

A lot of us have a variety of hobbies that we enjoy. Your hobby might even be able to earn you some extra income. The question is, how do you know if your hobby is a business? Or can a business just be an expensive hobby? Learn all about the difference between a business and a hobby, and how it effects your taxes, in this guide. Read more

Carol Nachbaur
Tax Tips

TurboTax Vs. H&R Block: Which Online Tax Software Is Best?

Filing taxes can be stressful, but there are a number of services available to ease the process. Among the most popular services are H&R Block and TurboTax. Learn the difference between the two, and which is best for you, in our guide. Read more

Carol Nachbaur
Tax Tips

What is a Roth IRA?

As an unconventional retirement account, the Roth IRA is funded by after-tax income. Learn all about the Roth IRA, and when you should consider opening one in this guide. Read more

Carol Nachbaur
Tax Tips

US Citizens Living Abroad: Do you have to pay taxes?

Do you have to pay taxes as a US citizen even if you reside outside the states? Learn the ins and outs of paying American taxes as an expat living abroad. Read more

Carol Nachbaur

Looking for accounting help?

Get the latest tips & tricks directly in your inbox