In the complex world of tax and financial planning, one of the areas that often confuses even the most seasoned professional is Medicare. The government program, designed to provide health…
Q In 2014, the IRS issued Notice 2014-21, 2014-16 I.R.B. 938, explaining that virtual currency is treated as property for federal income tax purposes and providing examples of how longstanding tax…
Q The inflation rate measures how much the general price level of goods and services in an economy increases over a specific period, usually a year. Inflation is measured by calculating the…
Q Estimated quarterly taxes are most frequently paid by freelancers, the self-employed, and business owners. In most cases, you must pay estimated tax for the current tax year if both…
Q If you aren’t already doing so, take full advantage of the benefits of tax-advantaged accounts like 401(k) and individual retirement accounts (IRAs), including contributing the maximum allowable amount…
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