Crypto Taxes Made Happy

The Definitive How-To Guide for Preparing Cryptocurrency Tax Returns in the United States
Author: Mario Costanz
Publisher: N.A
ISBN: 9780999217559
Page: 180
View: 9925

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Cryptocurrency is no longer just a fad, it is a way of life for many. Fortunes have been made and lost in this very volatile asset class. And when there are profits, there are taxes. With so much misinformation on the internet, this How-to Guide clears up the FUD around crypto tax preparation. For years, some traders thought their gains would be tax free, until the IRS successfully sued Coinbase. With information sharing now in full motion and expected to increase across additional worldwide exchanges, properly paying taxes on crypto trades is the safe way to go. Whether you are a someone new to crypto investing, been at it for a couple of years, an early adopter or even if you are a tax professional looking to get up to speed on an asset class that is not going away anytime soon, Crypto Taxes Made Happy is for you. In his detailed guide book, accomplished entrepreneur, author, inventor and founder Mario Costanz lays out an extensive roadmap to understanding all of the rules, requirements, intricacies and nuances of crypto tax preparation. You'll Learn: - How Cryptocurrency is treated by the IRS. - What is considered a taxable event, why, and what does it mean for your bottom-line. - What this means for crypto traders for 2017 tax returns and beyond.. - Strategies to legally minimize your tax liability and stay protected from the IRS. If you are serious about cryptocurrency, this comprehensive book is one that you NEED to own. Chapters Include: Earning Cryptocurrency Income Spending Or Lending Cryptocurrency Virtual Currency Investments Crypto Donations, Gifts & Inheritances Crypto IRA, 401k & Life Insurance Virtual Currency Losses Cryptocurrency Gambling Exchanging Virtual Currency Cryptocurrency Tax Reporting Foreign Asset Reporting Cryptocurrency Tax Enforcement

Taxes Made Happy

The Definitive Strategy Guide to Launching and Growing a Successful Tax Preparation Business
Author: Mario Costanz
Publisher: N.A
ISBN: 9780999217511
Category: Business & Economics
Page: 234
View: 4563

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Taxes Made Happy is the blueprint for your success. In his detailed guide book, well known entrepreneur Mario Costanz lays out the roadmap for building an efficient and sustainable tax preparation business. If you are serious about owning a successful tax business, this comprehensive book is one that you NEED to own.

Virtual Tax 2018 Edition

The Taxation of Virtual Currency
Author: Amy M Wall
Publisher: N.A
ISBN: 9780984220540
Category: Business & Economics
Page: 92
View: 1319

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This book, written by a federally licensed tax practitioner, explains the tax implications of buying, selling, earning, spending, giving, donating, inhering and investing in virtual currency. If you are an experienced virtual currency user, this book will answer most of your tax questions. If you are considering investing in virtual currency, read this book first so that you'll understand how tax issues will shape the way you use virtual currency.

Fair Not Flat

How to Make the Tax System Better and Simpler
Author: Edward J. McCaffery
Publisher: University of Chicago Press
ISBN: 9780226555669
Category: Business & Economics
Page: 192
View: 3385

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Everyone knows that the current tax system is unfair. Some of the richest people in America pay no tax, while a huge share of the tax burden falls on the rest of us. A mere glance at the tax code confirms that it is far too complex, with volumes of rules that no ordinary person could possibly comprehend. What is to be done? Some conservatives have called for a so-called flat tax. But a flat tax is not necessarily a simple tax, and "flat" means "more" for most taxpayers: a rise in middle-class taxes to finance tax cuts for the rich. Is there another choice? In clear, easy-to-understand language, Edward J. McCaffery proposes a straightforward and fair alternative. A "fair not flat" tax that is consistent and progressive would tax spending, not income and savings. And if it were collected at its lower levels through a national sales tax, most people would not have to file a return. A supplemental tax on spending for the wealthiest individuals would make the national sales tax progressive. Under McCaffery's system, a family of four would pay no tax on their first $20,000 in spending, and 15 percent on the next $60,000. Only the few families who spend more than $80,000 a year would be subject to the supplemental tax. Necessities would be taxed less than ordinary and luxury items. No one would be taxed directly on savings. The estate and gift or so-called death tax would be abolished, for the simple reason that dead people don't spend. The "fair not flat" tax would fall on heirs when and as they spend their good fortune. Perhaps best of all, most Americans would not have to fill out tax returns. Simpler, more efficient, fairer, and more reflective of America's current social values, McCaffery's "fair not flat" tax could help get us out of the tax mess that politicians and special interests have gotten us into, improving the whole country in the process. Read Fair Not Flat to find out how. “In Fair Not Flat, Mr. McCaffery lays out the case for a consumption tax. He does so in a reader-friendly way, presenting his argument with very few footnotes, equations or technical terms. The consumption of the book, so to speak, is not at all taxing. And its argument is well worth pondering.”—Bruce Bartlett, Wall Street Journal

How to Start a Successful Home-Based Freelance Bookkeeping and Tax Preparation Business

Author: C. Pinheiro Ea,Christy Pinheiro,Gabrielle Fontaine Pb,Gabrielle Fontaine
Publisher: Pineapple Tax Guides
ISBN: 9780981897141
Category: Business & Economics
Page: 138
View: 5333

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This book is a genuine resource, packed with proven methods and valuable interviews with real bookkeepers and accounting professionals. These ideas and techniques show you how to quickly build a flourishing full-time or part-time bookkeeping or tax practice, and keep it running profitably. Some of the topics covered in this volume: *How to get clients and keep them *How to attract the most profitable clients *How to set and collect fees *How to offer tax services to your existing clients *How to get referrals from CPA offices *Information on how to become a Certified Bookkeeper through the AIPB *How to comply with the IRS recordkeeping requirements *How to avoid your liability for the dreaded IRS "Trust Recovery Penalty" And much, much more!

Read My Lips

Why Americans Are Proud to Pay Taxes
Author: Vanessa S. Williamson
Publisher: Princeton University Press
ISBN: 1400885019
Category: Political Science
Page: 304
View: 1329

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A surprising and revealing look at what Americans really believe about taxes Conventional wisdom holds that Americans hate taxes. But the conventional wisdom is wrong. Bringing together national survey data with in-depth interviews, Read My Lips presents a surprising picture of tax attitudes in the United States. Vanessa Williamson demonstrates that Americans view taxpaying as a civic responsibility and a moral obligation. But they worry that others are shirking their duties, in part because the experience of taxpaying misleads Americans about who pays taxes and how much. Perceived "loopholes" convince many income tax filers that a flat tax might actually raise taxes on the rich, and the relative invisibility of the sales and payroll taxes encourages many to underestimate the sizable tax contributions made by poor and working people. Americans see being a taxpayer as a role worthy of pride and respect, a sign that one is a contributing member of the community and the nation. For this reason, the belief that many Americans are not paying their share is deeply corrosive to the social fabric. The widespread misperception that immigrants, the poor, and working-class families pay little or no taxes substantially reduces public support for progressive spending programs and undercuts the political standing of low-income people. At the same time, the belief that the wealthy pay less than their share diminishes confidence that the political process represents most people. Upending the idea of Americans as knee-jerk opponents of taxes, Read My Lips examines American taxpaying as an act of political faith. Ironically, the depth of the American civic commitment to taxpaying makes the failures of the tax system, perceived and real, especially potent frustrations.

Independent Contractor, Sole Proprietor, and LLC Taxes: Explained in 100 Pages Or Less

Author: Mike Piper
Publisher: Simple Subjects
ISBN: 9780997946550
Category: Business & Economics
Page: 118
View: 6362

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Find all of the following, explained in plain-English with no legal jargon: Business Taxation 101: A brief primer on tax topics in general, especially as they apply to businesses. Home Office Deduction: How to ensure you qualify for it and how to calculate it. Estimated Tax payments: When and how to pay them, as well as an easy way to calculate each payment. Self-Employment Tax: What it is, why it exists, and how to calculate it. Business Retirement Plans: What the different types are, and which one is best for you. Numerous Business Deductions: Several deductions explained in detail, including how to make sure you can qualify to take them and how to maximize them. Audit Protection: Learn what records you need to keep (and how long to keep them) in order to protect yourself in case of an au

Taxes Made Simple

Income Taxes Explained in 100 Pages Or Less
Author: Mike Piper
Publisher: N.A
ISBN: 9780997946543
Category: Business & Economics
Page: 122
View: 5881

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Find all of the following, explained in plain-English with no legal jargon: The difference between deductions and credits Itemized deductions vs. the standard deduction Several money-saving deductions and credits and how to make sure you qualify for them How to calculate your refund How to know which tax forms to fill out State income taxes Alternative Minimum Tax (AMT) Capital Gains and Losses

Happy as a Dane: 10 Secrets of the Happiest People in the World

Author: Malene Rydahl
Publisher: W. W. Norton & Company
ISBN: 039360893X
Category: Social Science
Page: 128
View: 4033

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This international bestseller shows why the Danes are happy and how we can be, too. For decades Denmark has ranked at the top of the world’s happiness surveys. How is it that these 5.6 million Danes are so content when they live in a country that is dark and cold nine months of the year and where income taxes are at almost 60 percent? At a time when talk across the Western world is focused on unemployment woes, government overreach, and anti-taxation lobbies, our Danish counterparts seem to breathe a healthier and fresher air. Interweaving anecdotes and research, Malene Rydahl explores how the values of trust, education, and a healthy work-life balance with purpose—to name just a few—contribute to a “happy” population. From eye-opening stories about open-air vegetable stands to babies safely left unattended while parents have coffee, to very generous paternity leave policies, Rydahl provides tips that we can all apply to our daily lives regardless of where we live.

Happy Money

Author: Elizabeth Dunn,Michael Norton
Publisher: Oneworld Publications
ISBN: 1780742231
Category: Business & Economics
Page: 224
View: 5399

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After a fairly low threshold, income and material wealth have no measurable effect on happiness. But how we spend our money does. In this groundbreaking book, Dr Elizabeth Dunn and Dr Michael Norton explain the secret to “happiness-efficient” spending. Using their own cutting-edge research, they reveal: • Why it’s better to buy concert tickets instead of a new iPhone • Adverts actually make television more enjoyable • Why you should book your next holiday many months in advance • How “time affluence” is more important than a fat pay cheque • Why charitable giving is the best investment you can make A rare combination of informed science writing, wit, and practical pointers for a flourishing life, Happy Money will help you to be more fulfilled for less.

Deduct It!

Lower Your Small Business Taxes
Author: Stephen Fishman
Publisher: Nolo
ISBN: 1413325718
Category: Business & Economics
Page: 432
View: 1556

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Reduce your taxes Completely updated for 2017 returns! Deduct It! shows you how to maximize your business deductions quickly, easily and legally. Easy to read and full of real-world examples, Deduct It! will pay for itself many times over. It covers deductions for: start-up and operating expenses travel, meals, and entertainment home offices medical expenses under Obamacare equipment and inventory and more. Deduct It! shows you how to avoid problems with the IRS, such as having your business classified as a hobby. Whether your enterprise is just starting or well established, this book is indispensable to your financial success. If the tax laws change, we will post updates on a special page on That way, you’ll always have access to up-to-date information if there are significant changes to the law. All the information in the book remains up-to-date for the 2017 tax year. The changes brought about by the Tax Cuts and Jobs Act all take effect in 2018, except for an increase in bonus depreciation which took effect September 27, 2017. Anyone who purchases the book has access to an update page on the Nolo website specific to this book which explains the 2017 bonus depreciation change and summarizes how the new tax law affects small business owners’ taxes for 2018 and later. A new edition of the book, completely updated for the new tax law, will be published August 1, 2018.

Perfectly Legal

The Covert Campaign to Rig Our Tax System to Benefit the Super Rich--and Cheat Everybody Else
Author: David C. Johnston
Publisher: Penguin
ISBN: 9781591840695
Category: Business & Economics
Page: 340
View: 4504

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Identifies practices of discreet lobbying and tax policy manipulation that have been occurring since the mid 1970s and how they have resulted in benefits for the wealthiest people in American society, identifying ways in which the working class is being made to pay the majority of the nation's income taxes. Reprint.

Solve for Happy

Engineer Your Path to Joy
Author: Mo Gawdat
Publisher: Simon and Schuster
ISBN: 1501157582
Category: Science
Page: 368
View: 3400

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In this “powerful personal story woven with a rich analysis of what we all seek” (Sergey Brin, cofounder of Google), Mo Gawdat, Chief Business Officer at Google’s [X], applies his superior logic and problem solving skills to understand how the brain processes joy and sadness—and then he solves for happy. In 2001 Mo Gawdat realized that despite his incredible success, he was desperately unhappy. A lifelong learner, he attacked the problem as an engineer would: examining all the provable facts and scrupulously applying logic. Eventually, his countless hours of research and science proved successful, and he discovered the equation for permanent happiness. Thirteen years later, Mo’s algorithm would be put to the ultimate test. After the sudden death of his son, Ali, Mo and his family turned to his equation—and it saved them from despair. In dealing with the horrible loss, Mo found his mission: he would pull off the type of “moonshot” goal that he and his colleagues were always aiming for—he would share his equation with the world and help as many people as possible become happier. In Solve for Happy Mo questions some of the most fundamental aspects of our existence, shares the underlying reasons for suffering, and plots out a step-by-step process for achieving lifelong happiness and enduring contentment. He shows us how to view life through a clear lens, teaching us how to dispel the illusions that cloud our thinking; overcome the brain’s blind spots; and embrace five ultimate truths. No matter what obstacles we face, what burdens we bear, what trials we’ve experienced, we can all be content with our present situation and optimistic about the future.

A Fine Mess

A Global Quest for a Simpler, Fairer, and More Efficient Tax System
Author: T. R. Reid
Publisher: Penguin
ISBN: 0735223963
Category: Business & Economics
Page: 288
View: 6150

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New York Times bestelling author T. R. Reid travels around the world to solve the urgent problem of America's failing tax code, unravelling a complex topic in plain English - and telling a rollicking story along the way. The U.S. tax code is a total write-off. Crammed with loopholes and special interest provisions, it works for no one except tax lawyers, accountants, and huge corporations. Not for the first time, we have reached a breaking point. That happened in 1922, and again in 1954, and again in 1986. In other words, every thirty-two years. Which means that the next complete overhaul is due in 2018. But what should be in this new tax code? Can we make the U.S. tax system simpler, fairer, and more efficient? Yes, yes, and yes. Can we cut tax rates and still bring in more revenue? Yes. Other rich countries, from Estonia to New Zealand to the UK—advanced, high-tech, free-market democracies—have all devised tax regimes that are equitable, effective, and easy on the taxpayer. But the United States has languished. So byzantine are the current statutes that, by our government’s own estimates, Americans spend six billion hours and $10 billion every year preparing and filing their taxes. In the Netherlands that task takes a mere fifteen minutes! Successful American companies like Apple, Caterpillar, and Google effectively pay no tax at all in some instances because of loopholes that allow them to move profits offshore. Indeed, the dysfunctional tax system has become a major cause of economic inequality. In A Fine Mess, T. R. Reid crisscrosses the globe in search of the exact solutions to these urgent problems. With an uncanny knack for making a complex subject not just accessible but gripping, he investigates what makes good taxation (no, that’s not an oxymoron) and brings that knowledge home where it is needed most. Never talking down or reflexively siding with either wing of politics, T. R. Reid presses the case for sensible root-and-branch reforms with a companionable ebullience. This affects everyone. Doing our taxes will never be America's favorite pastime, but it can and should be so much easier and fairer.

The Royal Treasury of England, Or, An Historical Account of All Taxes, Under what Denomination Soever from the Conquest to this Present Year

Author: John Stevens
Publisher: The Lawbook Exchange, Ltd.
ISBN: 1584774002
Category: History
Page: 372
View: 4658

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[Stevens, John]. The Royal Treasury of England: Or, An Historical Account of All Taxes, Under What Denomination Soever, From the Conquest to this Present Year. Collected From the Best Historians, as Well Antient as Modern; Likewise from Many Valuable Manuscripts in the Cotton, and Several Other Choice Libraries, and Some Peculiar Offices in This Kingdom. Containing a Considerable Number of Particulars, Not to be Found in Printed Books. Shewing When the Crown was Supply'd, and Impositions Laid on the People, Only by Virtue of the King's Prerogative, at What Times the House of Lords Alone has Done the Same, and When Reduc'd to the Parliamentary Method Now Established. Intermixt with Some Other Remarkable Occurrences. London: Printed for T. Tebb, and J. Wilcox, 1725. xxxi, [1], 372 pp. Reprinted 2004 by The Lawbook Exchange, Ltd. ISBN 1-58477-400-2. Cloth. $95. * A fascinating history of royal taxation and expenditure from 1066 to the early eighteenth century. It examines such income sources as feudal pledges and penalties imposed on conquered enemies and such expenses as defense, maintenance of the royal household and the suppression of heresy. Highly regarded upon publication, it was a standard work for many years.


Author: Mike Piper
Publisher: Simple Subjects
ISBN: 9780997946512
Category: Business & Economics
Page: 130
View: 1815

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Find all of the following, explained in plain-English: How your Social Security retirement benefits, spousal benefits, and widow/widower benefits are calculated How your benefits are affected if you have a government pension or if you continue working while claiming Social Security How to decide when is the best age for you (and your spouse, if you're married) to claim Social Security in order to get the most out of your benefits Whether or not it makes sense to take Social Security early in order to invest the money How to check your earnings record on the Social Security Administration's website to make sure you're getting the full benefit you deserve How Social Security benefits are taxed and how this affects retirement tax planning Please note that this book does not cover Social Security disability benefits or Supplemental Security Income (SSI).