EV Tax Credit 2022 Updates

Indeed, electric vehicles (EVs) are becoming quite popular with those who can afford them, that is. Not only are they quiet, but they emit no carbon dioxide as they run. As a result, many activists and policymakers champion EVs as essential to mitigating the ill effects of climate change. An EV tax credit has been […]

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What is Excise Tax?

varItMak Most people are well aware of income tax and sales tax, but are less aware of excise taxes. So what is excise tax? What are Excise Taxes? An excise tax is an additional type of tax imposed on the sale of specific goods and services. Manufacturers and retailers collect most excise taxes, but there […]

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Schedule C vs Schedule E for Airbnb Income

Many things set Airbnb hosting apart from other rental properties. Let’s discuss this big difference: some Airbnbs qualify as non-passive income and are reported on Schedule C.  Furthermore, this post will cover Schedule C vs Schedule E for Airbnb hosts in detail. Schedule C vs Schedule E: What Are They For? Let’s look at Schedule […]

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CEO Miguel Alexander Centeno Speaks to the Wall Street Journal

Certain parts of the American Rescue Plan passed by Congress in 2021 carry major consequences for freelancers and independent contractors. The Wall Street Journal sought out Shared Economy Tax CEO Miguel Centeno’s expertise for an article on the subject. Shared Economy Tax CEO Miguel Alexander Centeno Miguel Alexander Centeno, CEO and Managing Partner of Shared […]

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Are Pre-Settlement Legal Funds Subject to Taxation?

Pre-settlement legal funds can be lifesaving in case of a personal accident. Lawsuits that follow such accidents sometimes take too long to complete. This makes it difficult for one to pay their bills while attending court cases and working on their physical recovery if severely injured. It is critical to understand everything about this funding. […]

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