Choosing and Identifying Cost Basis when units of Virtual Currency are sold
By Kaufman Accounting |
Often, these units are acquired at different times with different cost basis amounts. The IRS has compiled a series of ...
Read More 
401(k) limit increases to $22,500 for 2023, IRA limit rises to $6,500
By Kaufman Accounting |
The Internal Revenue Service announced recently that the amount individuals can contribute to their 401(k) plans in 2023 has increased ...
Read More 
Cyber Security Awareness
By Kaufman Accounting |
Cybersecurity Awareness Month, conducted every October, is a collaboration between government and private industry to raise awareness about digital security ...
Read More 
Understanding how the IRS contacts taxpayers; Avoiding scams and how to know it’s really the IRS reaching out
By Kaufman Accounting |
With continuing phone and in-person scams taking place across the country, the IRS wants to help taxpayers understand how and ...
Read More 
Some things to know about crowdfunding and taxes
By Kaufman Accounting |
Crowdfunding is a popular way to raise money online. People often use crowdfunding to fundraise for a business, for charity, ...
Read More 
What you need to know if you are donating virtual currency
By Kaufman Accounting |
As we head into the last few months of the year, many people will consider making additional donations to charitable ...
Read More