Eliminate April 15 Tax Stress – Use a Step-by-Step Approach Is it any wonder that most Americans dread April 15? The U.S. tax code contains more words than the Bible, and hundreds of new pages are added almost every year. 2021 was no exception to constant tax law changes. With all the complexity, it’s no wonder […]
tax preparation
Operation Hidden Treasure: Cryptocurrency and Your Taxes
Cryptocurrency has become a popular way to invest, but the tax side of virtual coins can be difficult to navigate. The IRS has oscillated over the years on its stance on cryptocurrency, making it confusing even for the most diligent investors. In March of 2021, the IRS announced Operation Hidden Treasure in order to crack […]
4 Common Tax Return Mistakes that could Get You in Trouble with the IRS
As the tax-filing season unfolds, many taxpayers are taking the bull by the horns and doing their own taxes. Though it may seem like good news for the individual taxpayer, it’s important to watch out for common tax filing mistakes. Tax preparation software makes some errors like addition and subtraction blunders less likely, but even the best software cannot […]