Determining basis when you have been paid in virtual currency
By Kaufman Accounting |
Crypto Currency If you have been paid for services in virtual currency, this payment is generally recognized as ordinary income ...
Read More Education Tax Benefits
By Kaufman Accounting |
Education Tax Benefits If you pay tuition, fees, and other costs for attendance at an eligible educational institution for yourself, ...
Read More Identity Theft and Your Taxes
By Kaufman Accounting |
Identity Theft and Your Taxes Your identity and money can be stolen in a tax-related scam via email (“phishing”), fax, ...
Read More 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 ...
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