What records do I need to maintain regarding my transactions in virtual currency?
By Kaufman Accounting |
Record keeping is an important part of any investment transaction. With the rising popularity of cryptocurrencies, we have had many ...
Read More Estimated Taxes
By Kaufman Accounting |
The federal income tax is a pay-as-you-go tax. You must pay the tax as you earn or receive income during ...
Read More Record Keeping Requirements for Charitable Contributions
By Kaufman Accounting |
Reporting Requirement Thresholds: $501 or greater amount. Cash. Do not combine separate contributions. Noncash. Combine claimed deductions of all similar ...
Read More Buying and Selling with Virtual Currency
By Kaufman Accounting |
There are many services that can now be paid for with virtual currency, so it is important to understand the ...
Read More Essential tax tips for marriage status changes
By Kaufman Accounting |
A taxpayer’s filing status generally depends on their being married or unmarried on the last day of the year – which means ...
Read More Access retirement funds in a disaster
By Kaufman Accounting |
The SECURE 2.0 Act makes it easier for qualified individuals impacted by a federally declared major disaster to access their ...
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