Articles

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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Determining basis when you have been paid in virtual currency

Crypto Currency If you have been paid for services in virtual currency, this payment is generally recognized as ordinary income ...
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Education Tax Benefits

Education Tax Benefits If you pay tuition, fees, and other costs for attendance at an eligible educational institution for yourself, ...
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