by George Simpson | Aug 27, 2019 | Business News
Changes Expected to Cryptocurrency Taxes on Transactions IRS Notice 2014-21 stated the sale or exchange of convertible virtual currency, or the use of convertible virtual currency to pay for goods or services in a real-world economy transaction, has tax consequences...
by George Simpson | Jul 22, 2019 | Business News
Can You Withdraw from Your IRA to Pay for Your Child’s Higher Education? Although IRAs penalize account holders for pre-retirement withdrawals, special cases exist that do not require a penalty. One of the exceptions is college education. You can remove IRA funds for...
by George Simpson | Jun 26, 2019 | Business News
Should You Form a Limited Liability Company? Limited Liability Companies (LLC) combine components of a partnership and a corporation. An advantage of an LLC is that it legally separates the business from the owners. Thus, personal assets cannot be used to collect...
by George Simpson | May 26, 2019 | Business News
Make Next Year’s Tax Preparation Easier Now that you have filed your 2018 tax return, it is time to start working on your taxes for next year. Doing so now could make things much less painful later. Here are the most significant tax changes for 2019, as well as a few...
by George Simpson | Apr 25, 2019 | Business News
Why You Received a Smaller Tax Return Than You Expected Millions of Americans were unpleasantly surprised when they discovered their tax refunds would be smaller than expected or, in some cases, would owe money to the IRS. Many posted their grievances on social media...
