Determining basis when you have been paid in virtual currency
By Kaufman Accounting |
If you have been paid for services in virtual currency, this payment is generally recognized as ordinary income and should ...
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Disaster tax relief information and resources on IRS.gov
By Kaufman Accounting |
IRS.gov has information disaster victims may need, including information about disaster-related filing extensions and tax relief. IRS.gov webpages These IRS.gov ...
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Energy efficient home improvements could help people reduce energy bills and taxes
By Kaufman Accounting |
Homeowners who make improvements like replacing old doors and windows, installing solar panels or upgrading a hot water heater may ...
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Taxpayers should report digital asset transactions, gig economy income, foreign source income and assets
By Kaufman Accounting |
The Internal Revenue Service reminds taxpayers they’re generally required to report all earned income on their tax return, including income ...
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Hobby or business: What people need to know if they have a side hustle
By Kaufman Accounting |
Hobbies and businesses are treated differently when it comes to filing taxes. The biggest difference between the two is that ...
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Newlyweds tax checklist
By Kaufman Accounting |
Summer wedding season has arrived, and newlyweds can make their tax filing easier by doing a few things now. A ...
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