Taxes and Blogging

Blogging as a profession is still a relatively new method of making a living, and it typically involves a great deal of freelance work. Bloggers garner an income through affiliate linking, hosting sponsored ads, writing sponsored posts, and carrying out freelance writing, design, and photography projects on the side—and these are just a few of Read More

What Tax Records to Keep and for How Long

Filing your taxes isn’t just a once-a-year endeavor. Maintaining good records throughout the year and disposing of old ones when appropriate, not only provides you with greater confidence when you prepare your tax return, but it also provides you with documentation you may need down the road. Lucky number six. One of the most common Read More

Net Investment Income Tax

Dear Client, Beginning in 2013, a new tax, the “net investment income tax,” or NIIT, applies at a rate of 3.8% of the “net investment income” of individuals, estates, and trusts with income above certain statutory amounts. For individuals, the threshold amounts are: • $200,000 for single taxpayers and heads of household; • $250,000 for Read More