Articles

A lemonade stand is set up in the grass.

When the lemonade stand makes bank: Young entrepreneurs and taxes

By Kaufman Accounting | Jun 29, 2022
Teens and young adults often go into business for themselves over the summer or after school. This work can include ...
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A close up of some coins on top of the word " crypto currency ".

Accepting virtual currency as payment

By Kaufman Accounting | Jun 6, 2022
As virtual currency gains acceptance, more people are paying for services and accepting payment in this form. The IRS has ...
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A yellow emergency plan book sitting on top of a wooden desk.

Preparing for a Natural Disaster

By Kaufman Accounting | Jun 6, 2022
In 2021, the Federal Emergency Management Agency (FEMA) declared major disasters following hurricanes, tropical storms, tornados, severe storms, straight-line winds, ...
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A blue suitcase and flip flops on the beach.

School is out for summer, but tax planning is year round

By Kaufman Accounting | Jun 6, 2022
Now that the April filing deadline has passed, most people are spending more time thinking about summer vacations than taxes. ...
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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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