Articles

Accepting virtual currency as payment

As virtual currency gains acceptance, more people are paying for services and accepting payment in this form. The IRS has ...
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Preparing for a Natural Disaster

In 2021, the Federal Emergency Management Agency (FEMA) declared major disasters following hurricanes, tropical storms, tornados, severe storms, straight-line winds, ...
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School is out for summer, but tax planning is year round

Now that the April filing deadline has passed, most people are spending more time thinking about summer vacations than taxes. ...
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What is virtual currency?

The IRS explains that virtual currency is treated as property for Federal income tax purposes and provides examples of how ...
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What taxpayers should do if they get an identity theft letter from the IRS

With identity theft on the rise, the IRS wants taxpayers to understand what they should do when they receive an ...
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Money received through ‘crowdfunding’ may be taxable

With the increasing popularity of crowdfunding, the IRS reminds taxpayers that crowdfunding activities may be taxable. What is Crowdfunding? Crowdfunding ...
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