Tax Tips




Protecting Your Legacy
 

Protecting Your Legacy

Posted: December 4, 2017
Expecting to leave your family financially secure when you’re gone is an important goal, but some people don’t reach it because of simple oversights in their planning for the future. Here are some tips.

Five Things to Remember about Hobby Income and Expenses
 

Five Things to Remember about Hobby Income and Expenses

Posted: November 22, 2017
A taxpayer must report income on their tax return even if it is made from a hobby. However, the rules for how to report the income and expenses depend on whether the activity is a hobby or a business.


Participating in the Sharing Economy Can Affect Taxes
 

Participating in the Sharing Economy Can Affect Taxes

Posted: November 9, 2017
Participating in the sharing economy may affect a person’s taxes. These taxpayers can visit the Sharing Economy Tax Center on the IRS website to find resources that can help them meet their tax obligations.