Introduction: As the year draws to a close, it’s time to start thinking about the upcoming tax season. Strategic planning and thoughtful consideration of your financial situation can make a… Read More »Maximize Your Returns: 2023 End-of-Year Tax Tips
How to create a budget during time of uncertainty.
In 2018, the Supreme Court overruled the previous ruling that states can only require sellers to collect tax when they have a physical presence in the state. Now, states can… Read More »Economic Nexus
Income falls into three buckets Active Income (wages, business where the taxpayer is materially participating, etc.) Passive Income There are two kinds of passive activities. 1. Trade or business activities… Read More »Active or Passive? That is the question…