Some gamers may be increasing their screen time and raking in the virtual dough as the lazy days of summer commence. What does virtual currency mean for tax purposes? The IRS released a statement earlier this year informing gamers who … Continue reading
Category Archives: Tax Tips
26 July 2020
Is Fortnite and Other Video Game Currencies Taxable?
22 July 2020
Can I Claim a Home Office Deduction During COVID?
Many of us have rearranged, redecorated, or reimagined our homes to convert them into office spaces this year due to COVID-19. This new swell of people working remotely has sparked questions regarding home office expenses and whether they qualify for … Continue reading
22 June 2020
When is My Capital Gains Rate 0%?
With a tax planning opportunity for just about everything, seeking to pay 0% on capital gains is no exception. There are quite a few planning strategies you can do to realize tax-free earnings on profits from capital assets. When you … Continue reading
If you want to teach your child the value of a dollar this summer, take a look at some interesting tips on how they can leverage their summer job salaries. At seventeen years old, one rarely thinks about retirement savings. … Continue reading
23 April 2020
10 Reasons to File Your Taxes Now
The July 15 federal and state tax filing deadline may seem like light years away, but there’s some important reasons why you should keep on track with your taxes and finances while everyone is at home. Pretty soon the stay-at-home … Continue reading
6 April 2020
Big Changes to Retirement Plans in the CARES Act
In the midst of a global health scare and turbulent economy, it’s hard to think about anything else. If you are in or nearing retirement, however, it’s important to set aside time to discuss your retirement accounts, as big changes … Continue reading
4 April 2020
The CARES Act: An Overview for Individuals
The CARES Act unlocks critical relief for individual taxpayers who are in need of an economic lifeline amid the COVID-19 pandemic. Recovery Rebate for Individual Taxpayers The CARES Act includes a provision offering a one-time “2020 recovery rebate” of … Continue reading
27 March 2020
Resources to Help Navigate the Impacts of COVID-19
Erock Tax has compiled a list of resources for you and your business that we hope you will find helpful as we all navigate through the impacts and changes transpiring from the COVID-19 outbreak. We’ve included information on the federal … Continue reading
21 March 2020
IRS Extends Tax Filing & Paying Deadline to July 15
The IRS recently announced that they extended the federal tax filing deadline to July 15, 2020, three months after the normal April 15, 2020 deadline, to give all individuals and businesses an extra 90-day extension to file their returns. The … Continue reading
| < NEWER | 3 of 5 | OLDER > |