Articles

The IRS is Hiring Thousands of New Tax Auditors

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

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

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

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?

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?

Many taxpayers have noticed a new question Form 1040 asking “At any time during 2020, did you receive, sell, send, ...
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