Best Tax Preparation Services in Brick, NJ

Important Apps & Platforms to Remember This Tax Season In the Garden State and across the country as a whole, tax day is almost upon us. For many, it is a day associated with stress and frustration. While there’s nothing you can do to eliminate the complexity of the US tax code, there are some things you can do to make sure you’ve covered all your bases. You might be overlooking some financial areas of your life because you’ve never even considered them to be associated with tax season. Even if you’re having a professional prepare your taxes, remember that you’ll still have to supply them with the proper documents to get the job done properly; they’re not mind readers. Having just finished my own taxes, I’m going to discuss some of the areas that I might have overlooked had I not taken the time to consider all the areas where I’ve placed or invested earnings. Cryptocurrency Trades Must Be Reported I don’t know if crypto is best described as a cultural phenomenon, a passing fad, or the future of economics. What I do know is that the IRS is interested in what US citizens have been doing in the crypto markets. If you’re using one of the many apps that make trading crypto as easy as playing a game on your phone, your trades have likely already been reported to them. The Robinhood app made a name for itself by making crypto trading quick and accessible to the masses, but there are countless platforms and exchanges out there, etoro, So Fi, and Coinbase being just a few of them.