Tag: Individual Tax

As the use of digital assets like cryptocurrencies continues to grow, so does the IRS’ scrutiny of how taxpayers report these transactions on their federal income tax returns. The IRS

In addition to providing a flexible and autonomous way to earn income, the gig economy also comes with tax obligations that can catch many workers off guard. Whether you’re driving

If you’ve recently received a settlement or award from a lawsuit, or you’re expecting one, you may be wondering how the IRS views this money. Will you need to pay

Even after your 2024 federal return is submitted, a few lingering questions often remain. Here are the answers to five of the most common questions we hear each spring. 1.

Lately, stock, mutual fund, and (exchange-traded fund) ETF prices have bounced around. If you make what turns out to be an ill-fated investment in a taxable brokerage firm account, the

After a loved one passes away, you may inherit assets. If so, they often arrive with a valuable — but frequently misunderstood — tax benefit called the step-up in basis.

Once the IRS has your 2024 tax return, you may be tempted to clear out file cabinets and delete digital folders. But before reaching for the shredder or delete button,

Tuesday, April 15 is the deadline for filing your 2024 tax return. However, another tax deadline that is essential for certain taxpayers is coming up on the same day. It’s

When preparing your tax return, we’ll check one of the following filing statuses: single, married filing jointly, married filing separately, head of household, or qualifying widow(er). Only some people are

Have you ever invested in a business only to see its stock value plummet? (This may become relevant in light of recent market volatility.) While such an investment might be