by Donna Stern | Jan 21, 2022 | Latest News
IRS is cracking down on the Crypto transactors so that any movement of crypto is taxed. If a dealer of crypto sales are reported as a trade or business and subject to self employment tax and activity reported on Schedule C. If an investor, trades are reported on...
by Donna Stern | Aug 19, 2020 | Latest News
The past few months have been very trying on businesses and individuals. No one seems to have been spared. As you may have heard on the news Congress passed funds available to businesses as PPP loans and extended the use of the funds in order to qualify for...
by Donna Stern | Aug 21, 2016 | Latest News
We all move at some point. Some more than others. If you move more at least 50 miles farther from your old home than your previous job location, then moving costs can be deductible. There is also a time test, you must work at your new job at least 39 weeks in the...
by Donna Stern | Jun 16, 2016 | Latest News
The Internal Revenue Service has issued a warning to taxpayers about bogus phone calls from IRS impersonators demanding payment for a non-existent tax, the “federal student tax.” Even though the tax deadline has come and gone, scammers continue to use...
by Donna Stern | May 3, 2016 | Latest News
Rideshare drivers like, Uber and Lyft have some unique tax deductions that other businesses may not: 1. Food and drink for passengers – To make passengers feel more comfortable, Uber drivers offer them water and candy which helps to make their drive more...
by Donna Stern | Apr 27, 2016 | Latest News
It is a common question how long to keep your tax records. But more importantly today you need to worry about keeping your records safe. Most of us usually store old records in boxes in the garage, but what if your house or garage is broken into. All of your...
