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Sep 15 2021

Financial safety: The often-forgotten piece of disaster preparedness

After a natural disaster, having access to personal financial, insurance, ...
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Aug 25 2021

Buying and Selling with Virtual Currency

There are many services that can now be paid for ...
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Aug 24 2021

Things people do during the summer that might affect their tax return next year

It's summertime and for many people, summertime means change. Whether ...
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Aug 23 2021

IRS Reminder: Tax Scams continue year-round

Although the April filing deadline has passed scam artists remain ...
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Jul 30 2021

Cost Basis in Virtual Currency

Much like other investments, knowing the cost basis of your ...
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Jul 29 2021

IRS announces two new online tools to help families manage Child Tax Credit payments

The American Rescue plan increased the maximum Child Tax Credit ...
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Jul 28 2021

The IRS is Hiring Thousands of New Tax Auditors

The Internal Revenue Service is hiring thousands of new auditors ...
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Jul 9 2021

IRS Struggled to Answer Calls in the 2021 Tax Season

A recent article from Law 360 Tax Authority noted that ...
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Jun 7 2021

What records do I need to maintain regarding my transactions in virtual currency?

Record keeping is an important part of any investment transaction. ...
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Jun 7 2021

Tips to Help You Figure Out if Your Gift is Taxable

If you've given money or property to someone as a ...
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Jun 7 2021

Where’s my third economic impact payment?

The third round of economic impact payments are being sent ...
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Apr 5 2021

Are cryptocurrency purchases made in USD reportable to the IRS?

Many taxpayers have noticed a new question Form 1040 asking ...
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Apr 5 2021

Third Round of Economic Impact Payments

With the recent approval of the American Rescue Plan Act, ...
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Apr 5 2021

Extended Federal Filling and Payment Deadlines

On March 17, 2021, the Treasury Department and Internal Revenue ...
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Nov 16 2020

How the CARES Act changes deducting charitable contributions

Whether taxpayers are supporting natural disaster recovery, COVID-19 pandemic aid ...
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Nov 16 2020

Security Summit partners warn taxpayers of new COVID-related text scam

The Internal Revenue Service, state tax agencies and the tax ...
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Nov 2 2020

Six tips for people starting a new business

Understanding the tax responsibilities that come with starting a business ...
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Nov 2 2020

Check tax withholdings now as the last quarter of 2020 begins

With the last quarter of 2020 just beginning, the IRS ...
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Nov 2 2020

Have tax withheld from unemployment now to avoid a tax-time surprise later

2020 has been a unique year that has brought many ...
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Nov 2 2020

Terms to help taxpayers better understand Individual Retirement Arrangements

IRA, Roth IRA, Simple IRA, Contribution, Distribution – when considering ...
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Sep 3 2020

Earning a side income: Is it a hobby or a business?

Whether it’s something you’ve been doing for years or something ...
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Sep 3 2020

Home Office deduction: What taxpayers need to know

The home office deduction allows qualifying taxpayers to deduct certain home ...
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Sep 3 2020

Paycheck Protection Program Loan Forgiveness

The Paycheck Protection Program (PPP) is a loan designed to ...
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Sep 3 2020

A letter from the IRS? What taxpayers need to know if they receive a notice from the IRS

According to the Internal Revenue Service (IRS), they mail letter ...
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Jul 31 2020

Don’t Forget, Social Security benefits may be taxable

The IRS reminds taxpayers receiving Social Security benefits that they ...
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Jul 31 2020

Where’s My Refund?

The IRS reminds taxpayers that one of the best ways ...
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Jul 31 2020

Major Changes to Retirement Plans Due to COVID-19

In the recent update, the IRS reminds Qualified individuals affected ...
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Jul 30 2020

Gig Economy tips taxpayers should remember

The gig economy, also called the sharing or access economy, ...
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Jan 30 2020

TOP 10 THINGS EXPATS RESIDING OUTSIDE THE U.S. NEED TO KNOW

1. Expats still have to file in the US           The US tax ...
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Jan 30 2020

TOP 5 THINGS US CITIZENS HOLDING FOREIGN COMPANIES NEED TO BE AWARE OF

1. Foreign entity reporting Depending on the type of entity (trust, ...
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Jan 30 2020

TOP 10 THINGS FILERS NEED TO KNOW ABOUT THE FOREIGN BANK ACCOUNT REPORTING (FBAR)

1. Nonresident filers do not need to file Only filers ...
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Feb 5 2020

AVOIDING IDENTITY THEFT

Earlier this week the IRS launched Identity Theft Central. This ...
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Feb 7 2020

FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT OF 1980 RULES (“FIRPTA”)

The United States has one of the most active real ...
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Feb 11 2020

LAST MINUTE TAX EXTENDERS

Many of the tax provisions below were set to expire ...
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Feb 13 2020

PASSIVE FOREIGN INVESTMENT COMPANIES (“PFICS”)

United States citizens and tax residents are discouraged from investing ...
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Feb 20 2020

GLOBAL INTANGIBLE LOW-TAXED INCOME INCLUSION (“GILTI”)

The Tax Cuts and Jobs Act of 2017 ("TCJA") brought ...
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Feb 21 2020

US TAXATION OF NONRESIDENTS

The United States has one of the most complex tax ...
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Feb 27 2020

MECHANISMS FOR RELIEF OF DOUBLE TAXATION

Double taxation is defined as the levying of tax by ...
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Feb 28 2020

FOREIGN ACCOUNT TAX COMPLIANCE ACT – FATCA

The Foreign Account Tax Compliance Act (FATCA), enacted in 2010, ...
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Mar 12 2020

FOREIGN BANK AND FINANCIAL ACCOUNTING REPORTING (FBAR)

The Bank Secrecy Act of 1970 equipped the U.S. Treasury ...
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Mar 13 2020

NON-RESIDENT ALIEN TAX RETURN

If you are not a citizen of the US, specific ...
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Apr 9 2020

ISRAEL’S BANK HAPOALIM OFFERS TO SETTLE WITH U.S

On March 23, 2020 taxnotes.com reported that Israel’s largest financial institution, Bank ...
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Apr 17 2020

BE AWARE OF SCAMS

While the tax filing deadline may have been extended, scammers ...
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Apr 21 2020

PEOPLE FIRST INITIATIVE

To help taxpayers facing challenges due to COVID-19, the Internal ...
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May 1 2020

AM I ELIGIBLE FOR THE STIMULUS PAYMENT IF I AM LIVING ABROAD?

With clients around the world, we have had many questions ...
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May 1 2020

ADDITIONAL FUNDING ANNOUNCED

On April 27, 2020 the Small Business Association (SBA) will ...
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May 12 2020

BANK HAPOALIM TO PAY IRS $874-MILLION

According to Law 360’s April 30, 2020 article, Israel’s largest bank, Bank ...
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May 12 2020

WHAT ABOUT MY RETIREMENT ACCOUNT?

Section 2202 of the Coronavirus Aid, Relief, and Economic Security ...
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Jun 2 2020

WHERE’S MY REFUND?

The IRS issues more than 9 out of 10 refunds ...
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Jun 2 2020

ECONOMIC IMPACT PAYMENTS INFORMATION

The IRS has reported that millions of Americans have already received their ...
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Jun 22 2020

IS IT REALLY THE IRS CALLING?

Crooks impersonating the IRS either by phone, email or in ...
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Jun 22 2020

WHO QUALIFIES A TAXPAYER FOR THE CHILD AND DEPENDENT CARE CREDIT?

Childcare or adult dependent care can be a major expense. ...
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Jun 22 2020

IRS WARNS AGAINST COVID-19 FRAUD

The Internal Revenue Service (IRS) continues to remind taxpayers to guard against ...
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Jun 22 2020

REMINDER: IRS DEADLINE POSTPONED TO JULY 15 FOR THOSE WHO PAY ESTIMATED TAXES

The Internal Revenue Service reminds taxpayers that estimated tax payments for ...
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Jun 22 2020

PASSING ON WEALTH TO HEIRS

Giving away assets during your life time can help reduce ...
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