Articles

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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Identity Theft and Your Taxes

Identity Theft and Your Taxes Your identity and money can be stolen in a tax-related scam via email (“phishing”), fax, ...
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Books and files on a wooden shelf.

What records do I need to maintain regarding my transactions in virtual currency?

Record keeping is an important part of any investment transaction. With the rising popularity of cryptocurrencies, we have had many ...
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Calculator with "TAXES" on wooden blocks.

Estimated Taxes

The federal income tax is a pay-as-you-go tax. You must pay the tax as you earn or receive income during ...
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Jar labeled "Give" filled with coins.

Record Keeping Requirements for Charitable Contributions

Reporting Requirement Thresholds: $501 or greater amount. Cash. Do not combine separate contributions. Noncash. Combine claimed deductions of all similar ...
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