by C7DTeam | Mar 25, 2021 | Taxes
Before the tax season ends , learn about cryptocurrency and if it affects your 2021 tax refund TL;DR: The IRS treats cryptocurrency as property. It’s helpful to remember tax rules that also apply on stocks. If value goes up and the owner sells at a profit, they’ll...
by John Hopkins | Feb 22, 2021 | Firm Updates, Tax Tips, Taxes
I understand. You get a bonus from your employer and see that taxes were withheld at a whopping 50%! Or something like that. That $3,000 bonus you were expecting ending up being a little more than $1,500 in your bank account. I will get into the details of the data...
by Prospect Tax | Jan 25, 2021 | Business, Firm Updates, Taxes
The 2021 tax season is here…or is it? From a delayed tax season to a first, second, and maybe third stimulus check, let’s talk about what’s going on with taxes in 2021 as the pandemic continues to shape the world around us. Accountants and income tax...
by Prospect Tax | Nov 22, 2020 | Taxes
A popular question people search for on Google is if you can file taxes late. With almost 93 million searches, this topic of late tax filing clearly affects many individuals for a variety of reasons. For one, people are concerned about potential penalties associated...
by Prospect Tax | Jan 28, 2020 | Tax Services, Tax Tips, Taxes
Life is full of deadlines. From monthly bills to project due dates, one’s calendar can fill up fast. And it seems that no matter our organizing genius or planner mentality, some important dates can get forgotten. However, when it comes to your taxes, these are the due...
by Prospect Tax | Apr 23, 2019 | Taxes
Taxes have taken a front row seat in the ways that countries have been built, maintained and overthrown throughout the centuries, which may surprise many from the collective groans issues when taxes are mentioned. Here is a brief history of taxes throughout the ages. ...
