Articles

A person holding two bitcoins in front of a monitor.

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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A person is holding their phone up to the screen.

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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A lemonade stand is set up in the grass.

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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A close up of some coins on top of the word " crypto currency ".

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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A yellow emergency plan book sitting on top of a wooden desk.

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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A blue suitcase and flip flops on the beach.

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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