Articles

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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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Where’s my third economic impact payment?

By Kaufman Accounting | Jun 7, 2021
The third round of economic impact payments are being sent out in phases. The IRS began sending out payments to ...
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Are cryptocurrency purchases made in USD reportable to the IRS?

By Kaufman Accounting | Apr 5, 2021
Many taxpayers have noticed a new question Form 1040 asking “At any time during 2020, did you receive, sell, send, ...
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Third Round of Economic Impact Payments

By Kaufman Accounting | Apr 5, 2021
With the recent approval of the American Rescue Plan Act, the third round of Economic Impact Payments (EIP3) have already ...
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Extended Federal Filling and Payment Deadlines

By Kaufman Accounting | Apr 5, 2021
On March 17, 2021, the Treasury Department and Internal Revenue Service (IRS) announced that the federal income tax filing due ...
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How the CARES Act changes deducting charitable contributions

By Kaufman Accounting | Nov 16, 2020
Whether taxpayers are supporting natural disaster recovery, COVID-19 pandemic aid or another cause that’s personally meaningful to them, their charitable ...
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