Articles

A virtual currency sign with some icons on it

What is virtual currency?

By Kaufman Accounting | May 4, 2022
The IRS explains that virtual currency is treated as property for Federal income tax purposes and provides examples of how ...
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A magnifying glass is held over the words identity theft.

What taxpayers should do if they get an identity theft letter from the IRS

By Kaufman Accounting | May 4, 2022
With identity theft on the rise, the IRS wants taxpayers to understand what they should do when they receive an ...
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A notebook with the word crowdfunding written on it.

Money received through ‘crowdfunding’ may be taxable

By Kaufman Accounting | May 4, 2022
With the increasing popularity of crowdfunding, the IRS reminds taxpayers that crowdfunding activities may be taxable. What is Crowdfunding? Crowdfunding ...
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A torn piece of paper with the word " where is your tax ?" written on it.

Reasons why some tax refunds filed electronically take longer than 21 days

By Kaufman Accounting | May 4, 2022
Even though the Internal Revenue Service issues most refunds in less than 21 days for taxpayers who filed electronically and ...
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A phone with the screen turned on and a call button.

Taxpayers beware: Tax season is prime time for phone scams

By Kaufman Accounting | Feb 1, 2022
The IRS reminds taxpayers to be aware that criminals continue to make aggressive calls posing as IRS agents in hopes ...
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A close up of the mail slot on a mailbox.

Important mailings to watch for

By Kaufman Accounting | Feb 1, 2022
Taxpayers to who received either the Advanced Child Tax Credit and/or the Third Economic Impact Payment in 2021 should be ...
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