Tax Planning for Section 1031 Like-Kind Exchanges: What Real Estate Investors Need to Know
Understanding Section 1031 Like-Kind Exchanges Real estate investors looking to sell investment property and purchase another property may have an…
IRS Form 990-T Requirements: What Businesses and Tax-Exempt Organizations Need to Know
AIM Financial | Tax Preparation and Financial Services Understanding Form 990-T and Unrelated Business Taxable Income Tax-exempt organizations, nonprofits, retirement…
Earned Income Tax Credit: Who Qualifies and How to Get the Most From Your Tax Refund
By AIM Financial | Tax Preparation Services Are you working hard to support yourself or your family but wondering how…
How to Report Beneficiary K-1 Income on Form 1040: A Guide from AIM Financial
Receiving an inheritance or distribution from a trust or estate can raise important tax questions. If you receive a Schedule…
1099 Income and the Gig Economy: How to Lower Your Tax Bill Legally
The gig economy has created new opportunities for people to earn extra income through rideshare driving, food delivery, freelance work,…
Kiddie Tax: Parents Need to Know
Tax season can become more complicated when children have investment income. While many parents are familiar with taxes on wages…
Foreign Gifts and Inheritances: Does the IRS Require Form 3520?
Receiving money or property from a relative overseas can be a welcome financial benefit. However, if you are a U.S.…
Why Filing Your Taxes Every Year Matters and What to Do If You Haven’t Filed
Filing your taxes every year is an important part of staying financially organized and meeting your federal and state tax…
Tax Return Preparation for Cryptocurrency: Why a Professional Tax Preparer Matters
Cryptocurrency has become an increasingly popular investment and payment method, but it also creates important tax responsibilities. Whether you buy…
Can the IRS Take Money From Your Bank Account? What Taxpayers Need to Know
One of the most stressful IRS questions a taxpayer can ask is: “Can the IRS take money from my bank…
