What does it mean to be semi-retired? That will depend greatly on who you ask; semi-retired for a professional basketball player might mean no game playing but plenty of on-air appearances on pre-game shows, post-game wrapups, and the like. But a semi-retired military person might have a military retirement check coming every month but still …
Do you know how to report foreign income on your federal tax returns? The Internal Revenue Service has specific requirements for reporting this type of income on your IRS tax forms. What follows is NOT tax advice–you will need to consult a trained tax professional to discuss how you should approach the latest tax laws. …
Is Patreon money taxable? Before reading any further, be advised that this article is NOT tax advice, nor should it be construed as such. Consider this some basic information that is meant to help you ask the right questions of a tax professional or help you in your own research of official IRS publications that …
Do you want to know how to cut your tax bill by donating? This is a question asked every year at tax time, but the answer tends to change frequently because the United States tax code changes on a regular basis. Deductions allowed last year may not be permitted this year, and vice versa. What …
A young friend recently got her first “real” job and was very excited at the prospect of her huge, enormous paycheck. And sometime during this celebration, she learned that taxes would be taken out of her paycheck. Never mind that she somehow made it to her mid-20’s without realizing this, but when she asked me …