- QuickBooks Tips: Best Practices for QuickBooks Online
- Even if you’ve been using QuickBooks Online for a long time, it’s good to step back and evaluate your actions.
- Taking Advantage of Tax-Free Gifting
- If you are fortunate enough to have a large estate - one large enough to be subject to the estate tax upon your death - you might be considering ways to give away some of your wealth to your family and loved ones now, thereby reducing the estate tax when you pass on.
- Using Online Services Such as Airbnb to Rent out Your Home? Better Read This!
- Renting out your home or second home for short periods of time is becoming increasingly popular with the advent of online services that match property owners with prospective renters. The online sites providing these services include Airbnb, VRBO, and HomeAway.
- Are You Considering Converting Your Home Into A Rental?
- When individuals buy new homes, they often consider turning their old homes into rentals rather than selling them. All too often, that decision is made without considering the tax implications. Converting a former residence into a rental may also happen when two individuals who each own a home get married or when individuals move to a new area but don’t want to sell their former homes. Whatever the reasons, the following tax circumstances should be considered before making that decision.
- Disabled Individuals May Be Missing out on the Earned Income Tax Credit
- The Earned Income Tax Credit (EITC) is a tax benefit for working people who have low to moderate income. It provides a tax credit that is treated like tax withholding: it goes to pay an individual’s tax liability, and any excess is paid to the individual in the form of a tax refund.
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