Investment clubs are an opportunity to learn about investments, and make money, treat a club as you would any other business relationship.
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Turning Your Hobby Into a Business
Turning your hobby into a business can provide tax benefits if you do it right. But it can create a big tax headache if you do it wrong.
Seeing Inside the Mind of the IRS
While most of us are never audited, when it happens it can feel a lot like a lamb thrown in the room with a lion.
Income the IRS Can’t Touch
Wouldn’t it be nice to have a source of nontaxable income? Listed here are several income items that the IRS does not tax.
A Tax Nightmare on Your Horizon
A recent tax law change by this edition of Congress now requires transaction reporting to the IRS for anyone receiving more than $600 in payments through digital payment tools like PayPal, Venmo, and CashApp.
1099-K – Understanding Your Special K’s
The IRS is reporting that it will be comparing filed 1099-Ks against income reported on business tax returns