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Hobby or Business?

People should know if their pastime is a hobby or a business IRS Tax Tip 2022-106 From collecting stamps and woodworking to crafting and quilting, people have all kinds of hobbies – and most of these hobbies will never turn a profit. For hobbies that do earn income, people should know that they must report […]

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NOT HAVING THIS INFORMATION COULD DELAY YOUR RETURN

NOT HAVING THIS INFORMATION COULD DELAY YOUR RETURN 2021 Child Tax Credit Payments In 2021 the federal government issued advanced Child Tax Credit payments to eligible taxpayers based on information from 2020 tax returns. It is the taxpayer’s responsibility to provide documentation of the amount of any advanced Child Tax Credit payments issued. Acceptable documentation: […]

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Estate Planning When You Have Young Children

Estate Planning When You Have Young Children Four simple steps to protect your family. By Mary Randolph, J.D.  on NOLO.Com Having children complicates life in many interesting ways, and estate planning is no exception. Young parents don’t need anything fancy, but there are a few things you should definitely think about. Here are four simple […]

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10 Money Traps to Avoid

10 Money Traps to Avoid 8 MINUTE READ | SEPTEMBER 24, 2021 RAMSEY SOLUTIONS We want you to get the most bang for your buck and be a smart consumer when you shop. That’s why we’ve got to talk about some of the common money traps out there—so you know what to watch out for […]

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