As the deadline for your annual tax return approaches, you need to know exactly where you stand. And for many US citizens, this requires knowing whether or not you can file taxes when you are on SSI. And this article is focused on answering that very question. We will also tackle all of your most…
Are Roth IRA Gains Taxable?
You might have heard of a Roth IRA account as a savings option. Still, a standard 401k retirement plan may seem like a waste of time, especially if you’re nearing retirement age and want a steady pension and don’t have as many sources of income to fall back on. But, if you’re starting work and…
Best Crypto Tax Software
From prolific investors to internet-savvy money-makers, more of us are starting to realize the potential of cryptocurrency and how investing in the crypto market can turn a profit. However, with earnings in digital currency comes tax liabilities, and understanding crypto taxes is far more complex than it may seem at first glance. A way to…
Do YouTubers Pay Taxes?
When YouTube was first launched in 2005, nobody could have known that it would become the giant that it is today. What started out as a small company has quickly taken over the world, and it has become an institution of its own. Not only does YouTube actively employ people to work for the company,…
Are Trust Funds Taxed?
Trust funds are an essential estate planning tool that helps to smooth over the transition of assets in a manner that benefits the beneficiaries of the fund, yet they can be quite confusing financial entities, especially when it comes to taxation. Created by a grantor, maintained by a trustee, and payable to potentially multiple beneficiaries,…
Can I Amend A Tax Return From 5 Years Ago?
If a taxpayer realizes they have made an error upon their tax return, they should file an amended return using a Form 1040-X, where they can correct any errors or omissions they may have made when filling out the details of the tax year in question. In some cases, the taxpayer may not need to…
How Are Tips Taxed?
Even if you have only received just over $20 in tips in a month while working as an employee, you are required to report to your employer the total amount of tips you have received in full. You must do this by giving a report in writing to your employer before the tenth of the…
Can I File My Taxes Late?
We understand that filing your tax return is probably one of the most stressful parts of your year. The complicated math and long process of filing forms leads many people to hire an accountant to do their tax returns and get them in on time for them every year. If this is something that is…
Are Bonds Taxable?
When it comes to the world of finance, many of the different financial services that you can provide or be provided by another organization can often lead to a lot of confusion for newcomers in the field. Take the use of mutual bonds, for example. These are a very common form of investment or financial…
Do Homeless People Pay Taxes?
You might be wondering for research, wanting to help, or curious about some aspects of being homeless. Even though the homeless have no good place to live, employment, food, or clothing, there are homeless assistance programs. Still, these are limited in funding and don’t have the furthest reach into the most vulnerable communities. It might…
