Airbnb Tax Help: Video Walkthrough

One of the most lucrative ways to earn an income in the Sharing Economy is through home-sharing platforms like Airbnb. Airbnb allows homeowners to rent out their vacant properties and spare bedrooms. If you’re an Airbnb host, the IRS classifies you as self-employed and applies certain tax rules to your business. As a result, you […]

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Bitcoin Taxes for Crypto Traders

Bitcoin and other convertible virtual currencies have gained a lot of traction over the last several years. In its infancy, there was a lot of grey area in terms of how the IRS viewed cryptocurrency. This lack of guidance led to tax discrepancies for some crypto traders, and now the IRS is beginning to ratchet […]

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The Most Pressing Airbnb Tax Questions

Short term rental platforms like Airbnb and VBRO have increased in popularity over the last several years. What once started out as a part-time income for some, has been scaled to quite a profitable enterprise for others. Regardless of if you are a part-time or full time, you probably have some Airbnb tax questions. Taxes […]

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Best Retirement Plans for Small Businesses

Traditional employees aren’t the only ones who can access tax-advantaged retirement accounts. In fact, freelancers and contractors have even more options for retirement savings. Two of the best retirement plans for small businesses include simplified employee pension (SEP) IRAs and traditional IRAs. However, there are a few key differences between these programs. Here’s what you […]

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Are Credit Card Rewards Taxable?

Many lenders offer credit card rewards as an incentive to attract customers. These bonus goodies come in the form of cash, account credits, airline “miles”, and much more. Previously, only the most exclusive credit cards offered rewards, but now almost every major card offers some form of bonus program. Getting rewarded for spending is a […]

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What is a 1099 and why does it matter?

Our clients constantly ask about the 1099 tax form and how it applies to sharing-economy workers, independent contractors, and freelancers.  To clear the air, we wanted to put a fully encompassing blog post together to cover this. If you’re asking yourself, “what is a 1099 form anyway?”; you’re in the right place. You’ll find everything […]

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