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Trump Reportedly Paid No Income Tax At All For 10 Separate Years
Nada Alturki
The New York Times recently reported that Donald Trump has not paid any taxes in 10 of the past 15 years since the year 2000. This was because he reported losing significantly more than he earned. He has reportedly, in his first year as president and the year of his election, only paid $750 in federal income taxes."I pay a lot, and I pay a lot in state income taxes," Trump said in a briefing ... ...more
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How Does The IRS Know You Owe Crypto-Taxes?
Chris Mentillo
Hello Folks. Well, it's that time of the year again... The Internal Revenue Service (IRS) building stands in Washington, DC. April is the deadline in the United States for residents to file their income tax returns. As another tax season arrives, one of the major questions crypto holders have is how does the IRS know if someone has cryptocurrencies? Before I describe the ways that the ... ...more
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#FreelanceFriday: How to Create Your Best Home Office
EnglishMajorLeagues
Hello, and welcome back to Freelance Friday! Last time, I talked about setting your prices to match what your work is worth, but I got a lot of questions about 'facilities' in my email. This week, I want to talk about the most common freelancer facility: the home office, and how to make yours as efficient as possible. First and foremost, you need a space. While a space on your desk or at your ... ...more
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#FreelanceFriday: What Are the Benefits of an LLC?
EnglishMajorLeagues
Welcome back! This week, I want to talk about LLCs, or limited liability companies. When you first start out freelancing, you probably don't need to form one right away, depending on the work you perform. But once you start to get a good cash flow, and definitely by the time you freelance full-time, it's important to consider that an LLC might be a benefit to you. Unlike a sole proprietorship, ... ...more