Articles

A woman is touching a yellow symbol on her finger.

Cost Basis in Virtual Currency

By Kaufman Accounting | Jul 30, 2021
Much like other investments, knowing the cost basis of your cryptocurrency will be important when tax time comes. For tax ...
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IRS announces two new online tools to help families manage Child Tax Credit payments

By Kaufman Accounting | Jul 29, 2021
The American Rescue plan increased the maximum Child Tax Credit amount in 2021 to $3,600 per child for children under ...
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The IRS is Hiring Thousands of New Tax Auditors

By Kaufman Accounting | Jul 28, 2021
The Internal Revenue Service is hiring thousands of new auditors as it gears up for a potentially massive tax enforcement ...
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IRS Struggled to Answer Calls in the 2021 Tax Season

By Kaufman Accounting | Jul 9, 2021
A recent article from Law 360 Tax Authority noted that the Internal Revenue Service received more telephone calls during the 2021 ...
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Three different colored coins sitting on top of a table.

What records do I need to maintain regarding my transactions in virtual currency?

By Kaufman Accounting | Jun 7, 2021
Record keeping is an important part of any investment transaction. With the rising popularity of cryptocurrencies, we have had many ...
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Tips to Help You Figure Out if Your Gift is Taxable

By Kaufman Accounting | Jun 7, 2021
If you've given money or property to someone as a gift you may owe federal gift tax, but in many ...
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