by Christina Minton | Tax Planning
The language of the U.S. tax code is filled with complex terminology, much of which can feel like a foreign language to the average taxpayer. One example of such jargon is “unearned income.” The simplest definition of unearned income is that it...
by Christina Minton | Tax Planning
Tax laws are rarely simple, and one of the factors that can significantly impact your tax obligations is age—whether it’s your age or that of your dependents. Our federal tax code includes age-specific triggers that dictate eligibility for credits, deductions,...
by Christina Minton | Tax Tips
Understanding tax basis is important for anyone navigating property ownership—whether you’re an individual homeowner or a business owner. This concept plays a key role in determining how much tax you owe when selling, exchanging, or transferring property. By...
by Christina Minton | Tax Planning
Managing taxes can feel like walking through a maze filled with hidden traps—but these traps aren’t always what you’d expect. Taxable events can emerge from seemingly routine activities, and failing to address them properly can lead to penalties, extra...
by Christina Minton | Tax Tips
When it comes to tax deductions, mileage tracking is one of the most frequently misunderstood and improperly documented expenses. The IRS allows taxpayers to deduct qualified mileage for business, medical, moving, and charitable purposes, but to take advantage of this...
