Form W-2: Used to report compensation paid to an employee of an organization. Form 1099-NEC: Used to report nonemployee compensation paid to an independent contractor. Key Differences: Employers who withhold payroll taxes issue Form W-2 to their employees. Businesses use Form 1099-NEC to report payments to people or companies who provide services but are not… [Read More]

Current ID Social Security Employment Authorization (if applicable) Proof of Income (Form W2, Form 1099, Bank Statements) Form 1095A Health Insurance Virtual currency transaction reports Dependents (ID, birth certificate, school or medical report) *Actual address (Bill) Bank Information (Route and account number), it is necessary if you receive a refund or if you want to… [Read More]

As the tax season approaches, it’s natural to wonder when you’re officially ready to sit down and prepare your tax return. The truth is, readiness begins with preparation. Whether you’re filing as an individual, a family, or a business owner, having the right documents at hand is key to ensuring a smooth and stress-free tax… [Read More]

Do I Need to Report Crypto Losses? Yes! Reporting your crypto losses is just as important as reporting gains. Losses can offset your gains dollar-for-dollar, reducing your taxable income. If your losses exceed your gains, you can deduct up to $3,000 per year ($1,500 if married filing separately), with any remaining losses carried forward to… [Read More]

Crypto Capital Gains and Losses As cryptocurrencies continue to grow in popularity, so do questions about how these digital assets are taxed. If you’ve been trading, investing, or earning income in crypto, it’s important to understand your tax obligations for the 2024 tax year. Do I Need to Report My Crypto Transactions? Yes. The IRS… [Read More]

Taking Care of your Crypto Taxes Also, remember that if you have any crypto tax obligations for the 2023 tax year, you need to report it. Join the thousands of individuals in the State of Georgia that trust their taxes to Daniel Ahart each year! Schedule An Appointment Appointments are encouraged so that we are… [Read More]

401(k) Plan: This is a type of employer-sponsored retirement plan where employees can contribute a portion of their salary on a pre-tax basis. Employers may also offer matching contributions. The contribution limit for 401(k) plans is $22,500 in 2023, with an additional catch-up contribution of $7,500 for those aged 50 and over. Traditional IRA: This… [Read More]

How Daniel Ahart Tax Service Can Help You Fix Your Back Taxes and Settle Are back taxes weighing heavily on your mind? Dealing with tax debt can be stressful and overwhelming, but with the right guidance and expertise, you can resolve these issues and move forward with confidence. Tax season is the time period, generally… [Read More]

At Daniel Ahart Tax Service‘s expertise, personalized assistance, and commitment to compliance can greatly benefit businesses If you’re starting a new business or need to manage your taxes more efficiently, obtaining a Tax ID or Employer Identification Number (EIN) is crucial. This identifier serves as your business’s social security number for tax purposes, enabling you… [Read More]