Nov 15 2017

Five Facts about Charitable Contributions

By GCOCPA Administrator No Comments

With the holidays around the corner, many people will be making donations to benefit charitable organizations. However, come tax time, the person who made the donation might also benefit. That’s because taxpayers who donate to a charity may be able to claim a deduction for the donation on their federal tax return.

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Nov 8 2017

Participating in the Sharing Economy Can Affect Taxes

By GCOCPA Administrator No Comments

In 2017, many taxpayers use their phones and computers to provide services and sell goods. This includes the use of sites and apps to rent a home to travelers, sell crafts, or to provide car rides. Taxpayers who do this may be involved in the sharing economy. Participating in the sharing economy may affect a person’s taxes. These taxpayers can visit the Sharing Economy Tax Center on the IRS website to find resources that can help them meet their tax obligations.

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Recent Posts

Avoid the Rush; Some Taxpayers May Need Prior-Year Tax Data
Five Things to Remember About Exemptions and Dependents for Tax Year 2017
To Help Taxpayers, IRS Clarifies Some Common Early Filing Season Myths

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