Uncategorized Flip Your Home Tax Free: Live-In Flips Live-In Flip Strategy The IRS allows you to enjoy a lot of tax benefits. These…Joshua ThompsonJuly 11, 2022
Uncategorized Quick Facts & Update: Ukraine Donations, Reverse Mortgage, Roth IRA Rule and More IRS Quick Facts and Tips Knowledge is bliss, and as a taxpayer having certain knowledge…Joshua ThompsonJuly 8, 2022
Uncategorized 401(k) Early Withdrawal Not all employers permit early 401(k) withdrawal. To this end, you must check with the…Joshua ThompsonJuly 6, 2022
Personal Tax Items Inherited IRA Delma Inherited IRA The IRS (Internal Revenue Service) makes it mandatory for every IRA (Individual Retirement…Joshua ThompsonJuly 6, 2022
Uncategorized Crypto Winter? Tax Benefits? The term “Crypto Winter” started circulating earlier this year. For those not aware, a “Crypto…Joshua ThompsonJune 13, 2022
Uncategorized Standard Deduction vs Itemized Deductions Standard Deduction The IRS understands we have general personal expenses throughout the year. Instead of…Joshua ThompsonJune 13, 2022
Personal Tax Items Great Time for A Roth Conversion If you have ever considered converting a Traditional or regular 401k (403(b), IRA, SEP, etc.…Joshua ThompsonJune 13, 2022
Uncategorized Crypto in 401k Under Investigation The Department of Labor is scrutinizing crypto in retirement accounts governed by ERISA, which includes…Joshua ThompsonJune 13, 2022
blogBusiness Tax Items Hiring Your Kids, The Hidden Tax Strategy It’s no secret that having children can mean a great amount of savings when it…Joshua ThompsonMay 12, 2022
Uncategorized Crypto Tax Strategies Cryptocurrencies, virtual currencies, bitcoin, Ethereum 2.0, WAGMI, staking, mining, lending, and borrowing. There are many…Joshua ThompsonMay 12, 2022
Uncategorized Benefits of Creating an IRS Account Of all the benefits listed below, the largest is not having to wait on hold…Joshua ThompsonMay 12, 2022
blogPersonal Tax Items 529 Education Savings Accounts for the Next Generation Education is one of the most important items for the next generation. However, with each…Joshua ThompsonMay 12, 2022
Uncategorized Potential Upcoming Tax Changes With the democrats attempting to push their plans through congress here are a few changes…Joshua ThompsonFebruary 1, 2022
Uncategorized Business Tax News November 2021 This edition we are talking about deducting Medicare Premiums, Retirement Accounts, a Year-End Tax Strategy,…Joshua ThompsonFebruary 1, 2022
Uncategorized Personal Tax News November 2021 This edition we are talking about Medical, IRA, IRS Private Collectors, Estimated Tax Penalty and…Joshua ThompsonFebruary 1, 2022
Uncategorized Donations Another great year for donations. Nonitemizers can write off up to $300 in CASH charitable…Joshua ThompsonFebruary 1, 2022
Uncategorized Retirement Plan Loans Usually taking a loan from your retirement plan is completely tax-free, however, taking too large…Joshua ThompsonFebruary 1, 2022
Uncategorized $10,000 SALT Work Around The $10,000 State and Local Tax (SALT) deduction limitation was a huge strain on many…Joshua ThompsonFebruary 1, 2022
Uncategorized Steps to Close a Business These apply to the IRS and each state you operate or registered in. File a…Joshua ThompsonFebruary 1, 2022
Uncategorized Year-End Checklist and Services to Consider Businesses Financial records are up to date Have on file W-9, I-9, and W-4 forms…Joshua ThompsonFebruary 1, 2022