by PSA CPA | Jun 17, 2025 |
The crypto world is constantly evolving, bringing new structures like Decentralized Autonomous Organizations (DAOs). If you’re a Maryland investor involved with DAOs, you might be curious about how these decentralized entities factor into your tax...
by PSA CPA | May 13, 2025 |
Whether you’re hitting the slots in Vegas, buying scratch-offs at the gas station, or playing online poker from your couch, there’s one thing all gamblers have in common: Uncle Sam wants his cut. Yep, gambling winnings are taxable. But don’t worry—here’s...
by PSA CPA | Nov 1, 2024 |
IRAs are designed to help individuals save for retirement, but what happens to these funds if the account owner passes away? When setting up an IRA, you have the option to designate a beneficiary who will inherit your IRA if you die. If you don’t assign a beneficiary,...
by PSA CPA | Jul 1, 2024 |
The way you manage your taxes and record-keeping can have a significant impact on your performance as a small business owner. Look out for these typical tax errors that proprietors of small businesses make. Choosing the wrong form of business Everybody seems to have...
by PSA CPA | Mar 1, 2024 |
Medical expenditures may be quite costly. However, two special accounts, the health savings account (HSA) and the health flexible spending account (FSA), can help with both your doctor’s and tax expenditures. As with all taxes, there are exceptions and...
It’s interesting to see how Social Security benefits are taxed differently depending on income and location. I didn’t realize only…