Cryptocurrency, US National Debt & IRS Scam Calls 01.29.19
Join us this week as we discuss how the IRS is treating Cryptocurrency, Why the US actually has over $200 Trillion in national debt and how to know if a phone call from the IRS is real or a scam. For questions regarding these or other tax issues you may have please contact me at 510-797-8661
Taxable and Nontaxable Income
Taxable and Nontaxable Income Most types of income are taxable, but some are not. Income can include money, property or services that you receive. Here are some examples of income that are usually not taxable: Child support payments; Gifts, bequests and inheritances; Welfare benefits; Damage awards for physical injury or sickness; Cash rebates from a…
2016 Tax Rates and Other Numbers Are Out
The 2016 tax rates and other numbers are out. And yes, it’s that time of year again; so, you better have your turkey and all the other fixings ready for Thanksgiving. But it’s also time to take a look at the latest tax brackets and standard deductions amounts for the upcoming 2016 tax…
How To Determine If Your Social Security Retirement Benefits Are Taxed
How To Determine If Your Social Security Retirement Benefits Are Taxed By Robert Cavanaugh Up to 85% of your Social Security retirement benefits may be taxable. Here’s how to find out how much is taxable and what you can do to reduce or eliminate any tax. Of all the financial issues surrounding being a senior,…
Tax Benefits for Oil and Gas Well Owners
Tax Benefits for Oil and Gas Well Owners Table of Contents Oil and Gas Depletion What’s New for 2012 Introduction Who Can Claim Depletion? Cost Depletion Percentage Depletion Oil and Gas Wells Lessor’s Gross Income What’s New for 2012 A working interest oil and gas tax treatment well, can generate several tax benefits and lower…