Are you a social media influencer or a well-followed blogger? You may be having fun while working and promoting your favorite brand, but if you are being financially rewarded, the IRS says that you are a business – a self-employed,...
Last year for our anniversary we headed down to Charleston, South Carolina. As we drove through a small town, we saw a billboard advertising how a local breakfast spot was offering its own unique payment system, inspired by Bitcoin. Even...
Pre-tax, after-tax, who cares? Everything gets taxed, right? Well, not always. There are some employee benefits that are never taxed, and you can also benefit from deferring taxes for many years. Benefits That Aren’t Taxed: If an employer pays the...
Yesterday the IRS answered this long standing question about the taxation of virtual digital currency, announcing that virtual digital currency like Bitcoins should be taxed as property instead of currency for federal tax purposes and the same rules that apply to property transactions like the sale of stocks apply to virtual currency. So what does this mean for you if you’re a tech savvy taxpayer dabbling in trading this form of currency?
Bonuses can change your tax situation depending how large the bonus and what methods employers use to tax the income. Find out how bonuses(supplemental income) are taxed.
Are you ready for some football? If so, maybe you’ve been thinking about putting a little money on the game, and if you are, it’s important to know that there may be tax implications. Like other sources of income, gambling...
Are you in line for a bonus at work? Lucky you! But don’t count on the entire bonus amount appearing in your paycheck. We all know that federal taxes will be taken out for part of your bonus, and your...
If you are planning to study abroad this fall, you have a year of wonderful experiences and adventures ahead of you, and hopefully a little studying in as well. Many students also will be earning a stipend or have employment...
We all know life can be complicated, and while taxes often touch upon the most joyful moments in life, many of our toughest times have tax implications as well. “Real Talk” is our monthly blog series that answers the tax...
If you receive pay in the form of tips, those tips are taxable income, and don’t let anyone tell you otherwise. Here’s how tip reporting works. You report your tips to your employer. Your employer then includes those tips in...
Are you a social media influencer or a well-followed blogger? You may be having fun while working and promoting your favorite brand, but if you are being financially rewarded, the IRS says that you are a business – a self-employed,... 
