With over 70 million baby boomers in the United States, how many are celebrating their 65th birthday every day? Retirement is right around the corner for many. Are you prepared with a tax-savvy retirement plan? While many boomers are rewriting the rules of retirement and working well into their seventies, there will come a time… Read more

What are cryptocurrencies? The news is teeming with excitement about cryptocurrencies, whether it be Bitcoin, Ethereum or one of the many other types of cryptocurrency. With the increasing popularity of this unregulated currency, it has not only garnered attention from the public but also the government, and thus the IRS. Even though cryptocurrencies are unregulated,… Read more

In light of recent news on the regulation of vacation rentals, it is important to know about their taxability—why they are beneficial for both revenue and losses and how to remain compliant with tax laws while taking advantage of these benefits. Since Airbnb began in 2008, there are now over 1,130 vacation rentals available in… Read more

The taxability of student scholarship funds has been an issue for many years. In any student scholarship, it is important to understand the intention of the funds and the student requirements to maintain the funds. These distinctions will help determine if the funds are considered taxable or nontaxable income. Let’s take a look at what… Read more