What you need to know about cryptocurrency at tax time

Cryptocurrency is a relatively new and exciting field. Blockchain technology has opened up tons of new applications and fields from Smart Contracts to instant money transfers to mining cryptocurrencies. Advocates claim it will impact our daily lives in the near future, and there is no doubt it affects your tax situation right now. Congress and…

Need more time to file your taxes? You’ll need an extension. Here’s how.

Taxes are due one week from today! While things have been busy here at KMS Tax Prep, we know your life has been busy too. Did I just remind you about filing your taxes? Yes, it’s true, you have procrastinated that long. Don’t worry, there is still hope for you. The IRS allows you an…

Tax Advice for Scentsy Consultants

This advice goes for all direct sales folks, be it Rodan & Fields, Scentsy, Mary Kay, Amway, Tupperware, anything really. Many direct sales small business owners dive into their online support network for tax advice and rarely get anything useful.  Rumors and “I think you can…” is never good advice when dealing with money so…