Tax Blog

Tips to help you prepare for tax season

The latest tax tips and news from Joe Tax & Business Solutions

Tax Basics: Standard and Itemized Deductions

Navigating Tax Deductions: Standard vs. Itemized During tax season, understanding deductions plays a key role in minimizing what you owe or maximizing your refund. Standard deductions and itemized deductions form the two most common types of deductions. While both aim...

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Tax Basics: Currency and Property

Understanding Reporting Currency vs. Reporting Property on US Federal Tax Returns Navigating the landscape of US federal tax returns often requires an understanding of complicated terms and concepts. Among these are reporting currency and reporting property, both of...

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Reporting Cryptocurrency on Your Return

Cryptocurrency has become increasingly popular in recent years. However, many people remain unsure about how to report them for on their income tax. In the United States, the Internal Revenue Service (IRS) has provided guidance on how to report cryptocurrency...

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