The number of internet-based transactions that occur daily between independent buyers and sellers is staggering. It’s important to remember that these virtual activities often trigger real-world tax implications. Here are some things to keep in mind: Internet marketplaces – Proceeds of sales of …
Tax
Toss This, Not That; What to Keep After Filing Your Tax Return
Your tax return is filed, so it’s time for some spring cleaning, right? Not so fast. Make sure you’re keeping the financial documentation you need. Let’s start with the recommendations provided by the IRS: Period of limitations for assessment of tax: 3 years - For assessment of tax you owe, …
Download This Checklist About 2021 Tax Returns!
CLICK HERE TO DOWNLOAD THIS CHECKLIST! Andrea L. Blackwelder, CFP®, ChFC, CDFA® and Joseph D. Clemens, CFP®, EA are the founders and partners of Wisdom Wealth Strategies. Their shared passion is simple: to bring financial empowerment, understanding, and …
