When it comes to tax deductions, vehicles can be a bit tricky. There are a few different ways that you may be able to claim a deduction for a vehicle, depending on how you use it. One way to claim a deduction for a vehicle is if you use it for business purposes. If...
Section 1031 of the Internal Revenue Code, also known as a “like-kind exchange,” is a provision that allows investors to defer paying taxes on the sale of a property if they use the proceeds to purchase a similar property. The idea behind this provision is...
Cryptocurrency has become increasingly popular in recent years, with many people using it as a form of investment or as a means of conducting transactions online. However, the tax treatment of cryptocurrency is still a topic of much debate and confusion. Here’s...
Income Tax Requirements When Living Out of the Country Living in a foreign country holds a lot of appeal. It gives an exotic impression and seems like a never-ending vacation. But it doesn’t matter where you go, because the US government still expects you to...
