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Cryptocurrency Such as Bitcoin is all the Rage These Days

Cryptocurrency Such as Bitcoin is all the Rage These Days

Cryptocurrency such as bitcoin is all the rage these days. Crypto is not legal money. It is property, similar to gold. Like gold, its use can result in taxable income.   The IRS is concerned that you and millions of Americans are using crypto without paying tax...

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IRAs for Children

IRAs for Children

Working at a tender age is an American tradition. What isn’t so traditional is the notion of kids contributing to their own IRA, especially a Roth IRA. But it should be a tradition, because it’s a really good idea.  Here’s what you need to know about IRAs for kids....

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Grouping Rules That Apply for Passive-Loss Purposes

Grouping Rules That Apply for Passive-Loss Purposes

When you own more than one business, you need to consider the grouping rules that apply for passive-loss purposes. Should one of your businesses lose money, you may not deduct the losses from that business during the current tax year unless you materially participate...

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