Textbook Tax

The cryptocurrency market continues to rise in popularity in the U.S. and throughout the world. The decentralized finance ("Defi") sector has seen massive growth. Additionally, ease of access has increased as new and established companies offer crypto services and exchanges. As more and more individuals and institutions adopt cryptocurrency, it becomes more important for people to understand the tax laws and regulations governing the cryptocurrency industry. It is important to note that each country views and regulates virtual currency differently.  The scope of this article covers the crypto tax laws in the United States.  T he IRS defines virtual currencies as  digital representations of value that function as mediums of exchange, units of account, and/or stores of value. Further, t he U.S. views crypto as property subject to capital gains and losses for US federal tax purposes. Based on its designation as property, i n general, there are four taxable events when dealing an

A budget is a great financial tool to gain control and insights into your spending habits. Personal finance articles love using the "budget" buzzword; however, these same articles fail to mention the steps needed to develop an effective budget. Budgeting is not an easy task. Budgeting requires tracking, analyzing, and understanding your personal finances and expenses. By mastering the financial technique of budgeting, you will gain control of your financial situation. In my guide to budgeting series, I want to discuss money and finances in a manner that focuses in on the various techniques and methods people utilize to build wealth and financial stability. I am passionate about money management and spending habits, and so, I want to share  my insights about financial control and financial decision making. In doing so , I hope to answer the most popular questions asked in the personal finance category. The questions: How do I cut costs? How do I lower my expenses? How to spend