Articles

Virtual Currency Trades and Forks

The IRS has compiled a list of several Frequently Asked Questions surrounding virtual currency. It is important to understand how ...
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IRA’s are one tool in the retirement planning toolbox

There are many ways people plan for retirement. Individual Retirement Arrangements, or IRAs, are a common one. IRAs provide tax incentives ...
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People should know if their pastime is a hobby or a business

From collecting stamps and woodworking to crafting and quilting, people have all kinds of hobbies – and most of these ...
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Determining basis when you have been paid in virtual currency

If you have been paid for services in virtual currency, this payment is generally recognized as ordinary income and should ...
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Scammers use every trick in their communication arsenal to steal your identity, personal financial information, money and more

The Internal Revenue Service recently noted the 5th item on its 2022 annual Dirty Dozen scams warning list, with a ...
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When the lemonade stand makes bank: Young entrepreneurs and taxes

Teens and young adults often go into business for themselves over the summer or after school. This work can include ...
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