Working in the gig economy? Some common tax problems
Now that the Tax Cuts and Jobs Act is fully in effect, let’s take a look at some common tax problems you may be facing as a contractor or “gig economy” worker. Failure to pay quarterly estimated taxesGenerally, people who are self-employed or...Burned by failing to withhold enough? IRS announces new estimator
The 2017 Tax Cuts and Jobs Act changed a number of things, eliminating many traditional tax exemptions and raising the standard deduction so that itemizing was much less common. As a result, the IRS recommended that people reconsider their 2018 tax withholdings and...Got a letter from the IRS about your cryptocurrency investments?
The IRS taxes cryptocurrency as capital gains, but it requires taxpayers to disclose every transaction, whether or not it resulted in gains or losses. If you have invested in Bitcoin or another digital currency and haven’t disclosed it to the IRS, you may not...
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