Articles

November 2025- Q&A, Virtual Currency

Q&A with virtual currency Q1: Do I have income if I provide someone with a service and that person pays ...
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Hobby or Business?

If an individual, partnership, estate, trust, or an S corporation engages in an activity that is not conducted as a ...
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October 2025- Q&A, Virtual Currency

Q&A with virtual currency Q1: How is virtual currency treated for federal income tax purposes?A1. Virtual currency is treated as ...
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Gift Tax

Gift TaxThere is no dollar limit on the amount that one person is allowed to give to another. Gift tax ...
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September 2025- Q&A, Virtual Currency

Q&A with virtual currency Q1: What is virtual currency?A1. Virtual currency is a digital representation of value, other than a ...
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Foreign Bank and Financial Accounts

If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage ...
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