If you are a crypto investor, like me, you probably realize that 2022 was a roller coaster year for crypto trading. Bitcoin has fallen...

In terms of R&D (Research and Development) tax credit, large corporations, like SpaceX, Pfizer, and many others have received millions of...

Summer vacation is coming soon. Some parents prepared a well-planned summer schedule for their children, and some parents want their...

Digital nomads, by definition, are people who use telecommunications technologies to earn a living and, more generally, conduct their...

Due to COVID-19, a large portion of the workforce transitioned to working from home as the pandemic grew. With COVID-19 still gripping...

On November 15, 2021, President Biden signed the $1.2 trillion “Infrastructure Investment and Jobs Act” (the “Act”), commonly referred to...

Over the years, IRS has sent letters in different versions to people with digital currency transactions who may have failed to report...

Some people may ask that I haven’t received any tax documents or 1099-B for my bitcoin trading of the year, does it mean that I don’t...

You might be wondering why your check is so small after tax, and what can be done to change the deducted amount. Fortunately, you, as a...

If you are thinking about using Airbnb or other short term rental sites to make a little extra money, these are the important things you...

In today's globalization world, it is fairly common for U.S taxpayers to have one or more financial accounts located outside of the U.S....

For an S-corporation, you can basically see the character of almost of every business entity, such as sole proprietorship, partnership,...

There is two types of corporation structure: C-corporation and S- corporation. In this article, we are only focused on C-corporation’s...

A successful business partnership is similar to a good marriage. Both partners request not just short term mutual interest but long term...

A successful small business owner has been doing business as a sole proprietorship for many years, and his biggest concern is whether he...

According to the IRS’s record, a sole proprietorship is the most common form of business organization in the U.S. and included over 23...

A small business client of ours was complaining about why he needs to pay a lot of tax on April 15 and what is the estimated tax penalty....

My New Jersey friends who work in New York asked why they need to file two states tax return. One for NJ, and another one for NY. The...

As a freelancer, you have unlimited potential to earn money and fulfill your needs because of your freedom. In other words, you own your...

I have mentioned about the R&D credit to some small business owners, and they are confused and asked me “isn’t the R&D credit only for...