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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Hobby or business: here’s what to know about that side hustle
By Kaufman Accounting |
Sometimes the line between having a hobby and running a business can be confusing, but knowing the difference is important ...
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IRS offers tips on preparedness and how to protect personal information during natural disasters
By Kaufman Accounting |
So far in 2023, the Federal Emergency Management Agency (FEMA) has declared disasters for mudslides, landslides, severe storms, tornadoes and ...
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IRS Proposes New Guidance Around NFT Classification That Would Increase Taxes
By Kaufman Accounting |
As reported by Blockworks in their March 23, 2023 publication, the Department of the Treasury and IRS issued a new ...
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Proposed regulations related to the new clean vehicle critical mineral and battery components go into effect April 18
By Kaufman Accounting |
The Internal Revenue Service published proposed regulations recently in the Federal Register related to certain requirements that must be met ...
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Taxpayers should learn about these common tax scams
By Kaufman Accounting |
While scammers work hard during tax season to try to steal money, personal information and data, they also stay busy ...
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