Category: Tax Central

August 12 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during July,

Article Highlights: The Taxation of Prize Money: A Brief History Legislative Relief: HR 5946 The Impact of the Exemption The Million-Dollar Threshold When watching the

Article Highlights: Qualifications Tax Home in a Foreign Country Foreign Earned Income Bona Fide Residence Test Physical Presence Test Foreign Housing Exclusion and Deduction Married

Article Highlights: Tax Position Comparisons Tax Cuts and Jobs Act Who are you going to vote for in November? Although taxes may not be the

Article Highlights: $25,000 Rental Passive Loss Limitation Unlimited Losses When Qualifying as a Real Estate Professional   What is Material Participation? Navigating the Rules Examples The

Article Highlights: Understanding Crowdfunding The Three Main Types of Crowdfunding:o    Equity-Basedo    Donation-Basedo   Rewards-Based Tax Implications of Crowdfundingo   Business Fundraisingo   Individual Giftso   Charitable Gifts SEC Requirements if Offering Investment Equity

The installment sales method is a significant tool for taxpayers selling a rental property at a gain, offering a way to spread tax liability over

In recent years, tipping culture has seen significant changes, particularly with the rise of digital payment kiosks and self-checkout lanes. A CBS News article recently questioned, “Are

September 1 – 2024 Fall and 2025 Tax Planning  Tax Planning Contact this office to schedule a consultation appointment. September 10 – Report Tips to Employer

The esports and gaming industry has skyrocketed into the spotlight, quickly becoming a lucrative sector with a global following. What started as a niche hobby