Tax

As a taxpayer, ensuring you meet your federal tax obligations is crucial to avoiding penalties and staying compliant with the IRS. For individuals who earn income that isn’t subject to withholding—such as freelancers, self-employed individuals, investors, or small business owners—making federal estimated tax payments is often necessary. In this  post, we’ll break down what estimated … Read More

In 2023, Shohei Ohtani, the celebrated Dodger, bestowed a Porsche upon Ashley Kelly, wife of his teammate, in a gesture of gratitude. Ashley played a pivotal role in Ohtani’s decision to join the Dodgers, notably by offering her husband’s jersey number, 17, to him. Regarding the taxation of such gifts: Under IRS guidelines, the responsibility … Read More