Estimated Taxes
By Kaufman Accounting |
The federal income tax is a pay-as-you-go tax. You must pay the tax as you earn or receive income during ...
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Record Keeping Requirements for Charitable Contributions
By Kaufman Accounting |
Reporting Requirement Thresholds: $501 or greater amount. Cash. Do not combine separate contributions. Noncash. Combine claimed deductions of all similar ...
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Buying and Selling with Virtual Currency
By Kaufman Accounting |
There are many services that can now be paid for with virtual currency, so it is important to understand the ...
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Essential tax tips for marriage status changes
By Kaufman Accounting |
A taxpayer’s filing status generally depends on their being married or unmarried on the last day of the year – which means ...
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Access retirement funds in a disaster
By Kaufman Accounting |
The SECURE 2.0 Act makes it easier for qualified individuals impacted by a federally declared major disaster to access their ...
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What is virtual currency?
By Kaufman Accounting |
The IRS explains that virtual currency is treated as property for Federal income tax purposes and provides examples of how ...
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