Archive for September 2016
Don’t Wait to File an Extended Return
If you filed for an extension of time to file your 2015 federal tax return, and you also chose to have advance payments of the premium tax credit (PTC) made…
Read MoreRenting Out Your Vacation Home
Renting out a vacation property to others can be profitable. If you do this, you must normally report the rental income on your tax return. You may not have to…
Read MoreBitcoins Treated as Property for Tax Purposes
Many retailers and online businesses now accept virtual currency for sales transactions. Despite the IRS issuing a set of FAQs in 2014, regarding virtual currency, the U.S. federal tax implications…
Read MoreTax Records: Which Ones to Toss and When
Now is a great time to clean out that growing mountain of financial papers and tax documents that clutter your home and office. Here’s what you need to keep…
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