Choosing and Identifying Cost Basis when units of Virtual Currency are sold
By Kaufman Accounting |
Individuals often own multiple kinds of virtual currency at the same time. Often, these units are acquired at different times ...
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Understanding the tax responsibilities that come with starting a business
By Kaufman Accounting |
Small business owners have a variety of tax responsibilities. Understanding and meeting tax obligations is vital to the success of ...
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Retirement and taxes: Understanding IRAs
By Kaufman Accounting |
Individual Retirement Arrangements, or IRAs, provide tax incentives for people to make investments that can provide financial security for their ...
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Cost of home testing for COVID-19 is eligible medical expense; reimbursable under FSAs, HSAs
By Kaufman Accounting |
The Internal Revenue Service reminds taxpayers today that the cost of home testing for COVID-19 is an eligible medical expense ...
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Homeownership and taxes: Things taxpayers should consider when selling a house
By Kaufman Accounting |
It’s important for taxpayers to understand how selling their home may affect their tax return. The IRS has put together ...
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Financial safety: The often-forgotten piece of disaster preparedness
By Kaufman Accounting |
After a natural disaster, having access to personal financial, insurance, medical and other records can help people starting the recovery ...
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