If you missed Part 1, we outlined the basics of cryptocurrency tax, when you owe taxes on different types of trade (including when you receive crypto as a gift), calculating your cryptocurrency capital gain or loss, understanding different accounting methods when it comes to calculating this, and how to keep track of everything.  This article

Cryptocurrency is a relatively new concept, and when dabbling in the world of Bitcoin most investors aren’t thinking about taxes. With the IRS continuing to refine the compliance laws around cryptocurrency though, it is important to understand the rules of crypto tax.  This article will be part of a two part series. We will cover

If you have received an inheritance or a gift from a foreign individual or company within the past year then this article is for you. We will give you a run down of all you need to know surrounding foreign gift tax. If you have received a gift/inheritance that is not cash, it is advised

This article was written to help you answer the question: Should I superfund my 529 plan?  First, let’s start with the basics.  What is a 529 plan?  With colleges and universities becoming more necessary in today’s world, but with tuition prices on the rise across the country, the 529 plan is something you should consider

What is the Child Tax Credit?   The Child Tax Credit was first introduced in 1998 as a part of the Taxpayer Relief Act of 1997 as a $500-per-child non-refundable tax credit.  This meant that a taxpayer could not claim the full credit amount, if their total tax liability was less than the $500-per-child credit.   In

Dealing with the IRS isn’t always simple and straightforward. Most employed individuals have the luxury of paying regular income tax which is withheld from their paychecks. But depending on what kind of work you do and how you do it, you may be obliged to pay quarterly estimated taxes.  What Are Quarterly Estimated Taxes? The