Making more money does not always have to mean paying more taxes, but you do need a plan, and more than just a prediction. Whether you are an individual or a business owner, don’t wait till yearend like most folks, when it is generally too late to do much, focus on what you can do
IRS Gone Crazy Over Crypto
Everyone who files a Form 1040, 1040-SR or 1040-NR will have to check one box, answering either yes or no to the digital asset question: “At any time during 2022, did you: receive (as a reward, award or payment for property or services); or sell, exchange, gift or otherwise dispose of a digital asset (or
Rebalancing Your Portfolio According To Your Age And Priorities
Portfolio rebalancing according to your age and goals is really all about asset allocation. At different stages in your life, your financial concerns shift and so you look for your investment strategy and portfolio to shift too – from growth to income – as you get older. During these uncertain economic times, with market volatility,
TIPS TO CUT YOUR CRYPTO TAXES
Of course there are strategies to minimize how much crypto tax you pay, the key is to understand how exactly crypto is taxed. Maybe you are planning on holding onto your Bitcoin forever – or just waiting for a better exit point. Before you hit the “sell” button, think about how you’re going to deal
Don’t Get Caught Making These Crypto Mistakes
As Elon Musk is rumored to have said: “Crypto is everything you don’t understand about finance combined with everything you don’t understand about computers.” In that vein, we decided to compile some tips to help keep your digital wallet safe. New crypto investors should avoid beginner blunders that can cost them. Savvy investors should not
Protecting Your Portfolio From Market Reaction To Russian Aggression
Markets have been shaken lately, and investors both big and small are searching for direction and strategies to protect their portfolios. Early 2022 already recorded the highest inflation rate in 40 years, and the Federal Reserve has just lifted its key interest rate by a quarter of a percentage point on Wednesday, their first decisive
Crunch Time for Crypto Taxation
Bitcoin rose above $52,000 on February 17th and has gained over 400% in 12 months. If you were lucky and bought bitcoin when it was worth less, you are sitting on big gains, which is why it is important to understand that the IRS views bitcoin and other cryptocurrencies as assets. Not currency and not