Virtual Currency Trades and Forks
By Kaufman Accounting |
The IRS has compiled a list of several Frequently Asked Questions surrounding virtual currency. It is important to understand how ...
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IRA’s are one tool in the retirement planning toolbox
By Kaufman Accounting |
There are many ways people plan for retirement. Individual Retirement Arrangements, or IRAs, are a common one. IRAs provide tax incentives ...
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People should know if their pastime is a hobby or a business
By Kaufman Accounting |
From collecting stamps and woodworking to crafting and quilting, people have all kinds of hobbies – and most of these ...
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Determining basis when you have been paid in virtual currency
By Kaufman Accounting |
If you have been paid for services in virtual currency, this payment is generally recognized as ordinary income and should ...
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Scammers use every trick in their communication arsenal to steal your identity, personal financial information, money and more
By Kaufman Accounting |
The Internal Revenue Service recently noted the 5th item on its 2022 annual Dirty Dozen scams warning list, with a ...
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When the lemonade stand makes bank: Young entrepreneurs and taxes
By Kaufman Accounting |
Teens and young adults often go into business for themselves over the summer or after school. This work can include ...
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