Charitable Organizations
By Kaufman Accounting |
Charitable OrganizationsQualified charitable organizations include nonprofit groups that are religious, charitable, educational, scientific, or literary in purpose, or that work ...
Read More October 2025- Q&A, Virtual Currency
By Kaufman Accounting |
Q&A with virtual currency Q1: How is virtual currency treated for federal income tax purposes?A1. Virtual currency is treated as ...
Read More Gift Tax
By Kaufman Accounting |
Gift TaxThere is no dollar limit on the amount that one person is allowed to give to another. Gift tax ...
Read More September 2025- Q&A, Virtual Currency
By Kaufman Accounting |
Q&A with virtual currency Q1: What is virtual currency?A1. Virtual currency is a digital representation of value, other than a ...
Read More Foreign Bank and Financial Accounts
By Kaufman Accounting |
If you have a financial interest in or signature authority over a foreign financial account, including a bank account, brokerage ...
Read More 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