Tax

GoFundMe donations – tax considerations

Are GoFundMe donations tax deductible? GoFundMe began to help individuals fund their financial needs. It became an easier way to ask others for help without asking them to their face. Plus, it is easy for anyone to share a GoFundMe campaign on social media with hundreds or thousands of people in seconds. Unlike most donations, […]

Rental property Tax – Basics you need to know

Once you’ve finally decided to take the initiative and plan out your new rental property empire, preparing for the tax on your properties should be next on your list.While you might have read that rental property tax is far too complicated and you must seek out professional help, it is actually not too different from […]

IRS change of address – 4 ways to change yours

How to make an IRS change of address? The only way the IRS will communicate with you is via snail mail. While you may not care if they know where you live, you will when it comes to tax refunds or stimulus checks. The IRS always needs your current address. Fortunately, it’s easy to make […]

Advanced child tax credit payments – Here’s what to know

Since Covid-19 was declared a pandemic on March 11, 2020, by the World Health Organization, the United States government has made efforts to help individuals and businesses. On July 15, the IRS will start sending out the advanced payments of the child tax credit from the American Rescue Plan to eligible families. The Advanced Child […]

8 Tax-Saving Tips for Small Businesses

Tax-saving tips and strategies for small businesses. Puzzled by taxes for your Small Business? I hear you. If you own a small business, tax time can be challenging. While taxes are rarely enjoyable or interesting topic, they’re a part of any business owner’s life. Getting a handle on your business taxes can increase your income, […]