With the price of Bitcoin hitting record highs in 2017, many Bitcoin holders cashed out not realizing the impact it could have on their tax bill. If you were one of them, here's what you need to know.
Reporting Virtual Currency Transactions
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Self-Employed? Five Easy Ways to Lower your Tax Bill
If you're like most small business owners, you probably feel like your tax bill is too high. Here are five ways that could help you save money on your taxes.
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Selling your Small Business
If you've decided to sell your business, you may be looking forward to lazy days ahead with plenty of cash on hand. The reality, however, is without a tax planning strategy in place you could be liable for capital gains and other taxes related to the sale of your business that leaves you with far less cash than you anticipated.
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Using a Car for Business: New Rules under TCJA
Many of the tax provisions under tax reform were favorable to small business owners including those relating to using a car for business.
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What to do when your Tax Return is late
Haven't filed a 2017 tax return yet? Don't worry; it's not too late--and it may be easier than you think.
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