Taxes
Understanding situs for sales tax
We hear a lot about nexus and various thresholds but not as much as about tax situs. The situs is...
Tax Tips for Resident and Non-Resident Aliens: Part 1
July 18, 2023 Did you know you are required to pay taxes on your income even if you are not...
AGI vs. MAGI
July 17, 2023 Most taxpayers are used to seeing the term adjusted gross income, or AGI, when filing their tax...
Sales tax holidays and taxability of clothing/back to school (part 2)
As we saw last time, sales tax holidays are continuing to enjoy a heyday this year. Here are the back-to-school...
1099s Explained: FAQs
July 13, 2023 Form 1099 is more common than ever with many taxpayers turning to side hustles for extra income....
1099s Explained: Types
July 12, 2023 Now that we know the basics of IRS Form 1099, we can take a closer look at...
Sales tax holidays and taxability of clothing/back to school (part 1)
Returning to class probably doesn’t make too many students think of the word “holiday,” but tax jurisdictions have other ideas....
What are Deferred Tax Liabilities?
July 10, 2023 Last week we broke down deferred tax assets and how they can help reduce tax liability. Today,...
What Are Deferred Tax Assets?
July 6, 2023 When looking into the net worth of a business or individual, one of the first couple of...
How Are Gambling Winnings Taxed?
July 5, 2023 Most people dabble in gambling at some point in life. It might look like a day at...
How to Keep Good Tax Records
June 29, 2023 Tax time can be a stressful period for individuals and businesses alike. However, maintaining accurate and organized...
When Does the IRS Pursue Criminal Charges?
June 28, 2023 Tax evasion and tax fraud are federal crimes that involve the willful attempt to either evade the...
