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Real ID and Requirements for U.S. Travel

Traveling domestically? As summer vacations are just around the corner or if you travel for your business, avoid complications and slowdowns when traveling by having acceptable identification

How to Properly Report Digital Assets on Your Tax Return

In this article, you will find what the IRS defines as digital assets and common questions for reporting digital assets and transactions on your 2024 tax return for both individuals and businesses

Should You Consider Setting up a Limited Liability Company (LLC)?

A limited liability company (LLC) can work for family businesses and offers many benefits including flexibility, liability protection, and tax advantages. Find out if an LLC is the best choice for you

Tax Rules for Amateur and Professional Gamblers

Say you bet on the big game or got lucky at the casino, when it comes to gambling, the tax rules can be confusing for accurately reporting your winnings as taxable income

The Alternative Minimum Tax (AMT) Explained

There are many complicated tax rules and laws to follow when it comes to the alternative minimum tax. If you are a high-income taxpayer, check out this post to find out if you owe the AMT for 2024

Manufacturers Can Use Segmented Income Statements to Boost Profits

By using segmented income statements, manufacturers can gain deeper insight into performance by identifying lesser-performing segments and providing strategies for boosting their bottom line

Four Key Steps to the Financial Independence, Retire Early (FIRE) Movement

A popular trend among Millennials is to aggressively save and invest in hopes of retiring early, this strategy is called the Financial Independence, Retire Early (FIRE) movement.

Eight Personal Tax Deductions You Might Not Know About

In this post, you will find eight tax deductions that you may not be aware of. Examples include charitable travel, state sales tax, and medical expense deductions.

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