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…

You filed an extension, now what?

It has now been almost a month since tax day. You have forgotten that stress of the last minute looking for documents, trying to remember what you donated, or logging in to your bank accounts trying to download forms. Maybe it just got too overwhelming and you filed a tax extension. Maybe you looked at…

$100 OFF Prep and filing?! This is (March) Madness!

To celebrate the launch of our new and improved website we at KMS Tax Prep have decided to share 2 amazing discounts for those of you who may be procrastinating doing your taxes.  Maybe overwhelmed?  Maybe you aren’t entirely sure what you need?  Maybe you already filed and wonder if everything was done properly? Owner…

My taxes through the years

I’ve pretty much always done my own taxes.  They started out very straightforward – just income. Then I had income and student loan interest.  Still not hard.  Then I got married, now it’s two incomes. Then we bought a house – mortgage interest, property taxes, charitable contributions – wait, I can feel good about donating…

KMS Tax Preparation – Preparing to help you prepare

They say that nothing in life is for sure except death and taxes. They also never mention that preparing your taxes will be straight forward and easy. The tax code is complicated and you need make sure you can navigate it successfully. No one wants the IRS knocking on their door 5 years later with…