Tag Archives | taxes
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Sold Bitcoin? The IRS May Want To Talk To You

Sold Bitcoin or other digital currencies? Don’t be surprised if the IRS comes knocking on your door looking for any taxes due, says a recent Wall Street Journal article. The Internal Revenue Service is sending warning letters to more than 10,000 Bitcoin and other cryptocurrency holders, reports the Journal. It got their names from a popular […]

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Building Up A Better Tax-Free Nest Egg For Retirement

Tired of taxes? Can’t blame you. But sometimes it pays to start thinking ahead about successful strategies we can discuss before year-end to save you on your future tax bill, and help you beef up retirement assets you can access totally tax-free for years to come. What we’re talking about is getting more money into a Roth IRA account for […]

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Happy Tax Day, America!

As millions of Americans went online to file their taxes on the April 17 due date, the IRS online payment crashed, forcing tax officials to delay the tax payment deadline to midnight on Wednesday, April 18. Technical difficulties prevented individual taxpayers from filing their returns. It also reportedly interfered with electronic filings from third-party tax […]

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Too Soon To Talk (Roth) Turkey

With tax rates headed lower for many people, this might be a good year to consider a Roth conversion. For the uninitiated, that’s when you withdraw funds from a traditional IRA, pay the tax now instead of later, and then move the funds into your Roth IRA. Once your savings are in a Roth, they’ll […]

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The Dog Did It: How One Rescue Pooch Saved Her Owner Over $400,000 In Taxes

You’ve heard that a dog is a man’s best friend, right? Here’s a heartwarming story about a man who loved his rescue dog so much that he transported her cross-country when his job relocated. She repaid his devotion by saving him $430,000 in a landmark New York tax case. Gregory Blatt, CEO of dating sites Match.com, Tinder, and […]

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