The IRS has begun sending letters to more than 10,000 cryptocurrency holders with a warning that they may have violated federal tax law.
The letters state those who have profited from the trade or use of cryptocur ...
The IRS recently issued a warning to taxpayers who are seriously delinquent on their tax debt - you may be unable to attain a new passport or renew your existing one.This applies to taxpayers with a “seriously delinque ...
Unless you’ve planted your head firmly in the sand, you’ve probably seen or read about numerous computer hacks and scams. Identity theft is a very real problem, but when a ne’er-do-well accesses your accounting sys ...
Author: Brett Neate
In a word? Yes.
In IRS Notice 2014-21 the Internal Revenue Service advises that, virtual currency or commonly known as cryptocurrencies such as Bitcoin are not considered to be currency (they c ...
Current Law:
The Tax Cuts and Jobs Act of 2017 limits individual taxpayer's state and local tax (SALT), itemized deduction to $10,000 (including real estate taxes). The previous law allowed an unlimited deduction. This ...
Author: Eric James
A primer on how to navigate the changes
In the past few months, phrases like “tariffs on Chinese imports” and “trade war with China” have been floating around in the news. The government levi ...
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