Articles

Are cryptocurrency purchases made in USD reportable to the IRS?

Many taxpayers have noticed a new question Form 1040 asking “At any time during 2020, did you receive, sell, send, ...
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Third Round of Economic Impact Payments

With the recent approval of the American Rescue Plan Act, the third round of Economic Impact Payments (EIP3) have already ...
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Extended Federal Filling and Payment Deadlines

On March 17, 2021, the Treasury Department and Internal Revenue Service (IRS) announced that the federal income tax filing due ...
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How the CARES Act changes deducting charitable contributions

Whether taxpayers are supporting natural disaster recovery, COVID-19 pandemic aid or another cause that’s personally meaningful to them, their charitable ...
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Security Summit partners warn taxpayers of new COVID-related text scam

The Internal Revenue Service, state tax agencies and the tax industry continue to warn taxpayers of a new text scam ...
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Six tips for people starting a new business

Understanding the tax responsibilities that come with starting a business venture can save taxpayers money and help set them up ...
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