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 ...
Read More 
Scammers use every trick in their communication arsenal to steal your identity, personal financial information, money and more
By Kaufman Accounting |
The Internal Revenue Service recently noted the 5th item on its 2022 annual Dirty Dozen scams warning list, with a ...
Read More 
When the lemonade stand makes bank: Young entrepreneurs and taxes
By Kaufman Accounting |
Teens and young adults often go into business for themselves over the summer or after school. This work can include ...
Read More 
Accepting virtual currency as payment
By Kaufman Accounting |
As virtual currency gains acceptance, more people are paying for services and accepting payment in this form. The IRS has ...
Read More 
Preparing for a Natural Disaster
By Kaufman Accounting |
In 2021, the Federal Emergency Management Agency (FEMA) declared major disasters following hurricanes, tropical storms, tornados, severe storms, straight-line winds, ...
Read More 
School is out for summer, but tax planning is year round
By Kaufman Accounting |
Now that the April filing deadline has passed, most people are spending more time thinking about summer vacations than taxes. ...
Read More