February 26, 2025
Fill up your 2024 IRA If you forgot or didn’t have the resources to contribute the maximum amount to your IRA or Roth IRA plan in 2024, there’s still time! Eligible participants have until April 15, 2025, to contribute as… Read more »
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Federal Tax for Individuals
January 1, 2025
One of the most common misconceptions about filing an income tax return is the distinction between deductions and credits. Deductions lower a taxpayer’s taxable income before the tax is calculated. For instance, on an individual return, you can either claim… Read more »
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Federal Tax for Individuals, Tax Credits, tax deductions, VWC CPA's
August 31, 2022
Receiving Money from “Crowdfunding” May Come with a Tax Bill Is income from crowdfunding taxable? It’s a popular way that many people raise money for emergencies, charities, businesses and more. But the funds could be taxable. Tax rules: Under federal law,… Read more »
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Business versus hobby, Court Upholds the IRS Rejection of an Offer in Compromise, Crowdfunding, Crowdfunding Tax Bill, Federal Tax for Individuals, Federal Tax News for Individuals, Hobby Business, How the IRS Whistleblower Program Works, IRS Whistleblower Program, Is Your Hobby Actually a Business?, Tax Fraud, Tax-Related Scams, Whistleblower
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