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Oct 4 2024

Cybersecurity Awareness

Cybersecurity Awareness Month, conducted every October, is a collaboration between ...
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Oct 4 2024

Employer-offered educational assistance programs can help pay for college

An educational assistance program is an employer’s written plan to provide ...
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Oct 4 2024

What taxpayers should do if they get an identity theft letter from the IRS

With identity theft on the rise, the IRS wants taxpayers to understand ...
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Three gold Bitcoin cryptocurrency coins.

Sep 2 2024

Determining basis when you have been paid in virtual currency

If you have been paid for services in virtual currency, ...
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"Disaster" spelled with wooden tiles.

Sep 2 2024

Disaster tax relief information and resources on IRS.gov

IRS.gov has information disaster victims may need, including information about ...
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Laptop showing smart home energy efficiency rating.

Sep 2 2024

Energy efficient home improvements could help people reduce energy bills and taxes

Homeowners who make improvements like replacing old doors and windows, ...
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Wooden blocks with shopping cart icon.

Jul 1 2024

Taxpayers should report digital asset transactions, gig economy income, foreign source income and assets

The Internal Revenue Service reminds taxpayers they’re generally required to ...
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Two women crocheting with yarn balls.

Jul 1 2024

Hobby or business: What people need to know if they have a side hustle

Hobbies and businesses are treated differently when it comes to ...
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Bride and groom walking on beach sunset.

Jul 1 2024

Newlyweds tax checklist

Summer wedding season has arrived, and newlyweds can make their ...
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Two red binders on a wooden surface.

May 10 2024

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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Tax form with "scam" written across it.

May 10 2024

Taxpayers and tax pros: Beware of these common tax scams

Taxpayers and tax professionals should remain alert and aware of ...
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Magnifying glass and glasses on a book.

May 10 2024

Debunking common myths about federal tax refunds

Once people complete and file their tax return, many of ...
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A person holding two coins in their hands.

Nov 14 2023

Tips to help taxpayers make sure their donations go to legitimate charities

When disaster strikes, Americans can always be counted on to ...
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A jar of coins and some plants growing out of it.

Nov 14 2023

Individual retirement accounts can be important tools in retirement planning

It is never too early to begin planning for retirement. Individual ...
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A padlock on top of a computer screen.

Nov 14 2023

Cyber Security Awareness

Cybersecurity Awareness Month, conducted every October, is a collaboration between ...
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A long hallway with many rows of computer servers.

Sep 6 2023

Buying and Selling with Virtual Currency

There are many services that can now be paid for ...
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A passport sitting on top of a suitcase.

Sep 6 2023

Business travelers should check out these deductions before hitting the road

Many people travel for their job - some for an ...
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A baby wrapped in green blanket and wearing a hat.

Sep 6 2023

Tax tips for new parents

Kids are expensive. Whether someone just brought a bundle of ...
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A bunch of coins that are floating in the air

Aug 8 2023

What is virtual currency?

The IRS explains that virtual currency is treated as property ...
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A close up of a plate with flowers on it

Aug 8 2023

Tax to-dos for newlyweds to keep in mind

Anyone saying "I do" this summer should review a few ...
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A row of flip flops sitting on top of the sand.

Aug 4 2023

Summertime activities that might affect people’s tax return next year

For many people, summertime means change. Whether it's a life ...
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A person holding an ipad with digital assets on it.

Jul 6 2023

Digital Assets

Digital assets are broadly defined as any digital representation of ...
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A close up of the irs form w-4

Jul 3 2023

What employees need to know about income tax withholding

Whether someone is entering the workforce for the first time ...
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A for sale sign in front of a house.

Jul 3 2023

Tax considerations when selling a home

Many people move during the summer. Taxpayers who are selling ...
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A bitcoin atm machine with the coin in front of it.

Jun 12 2023

Determining basis when you have been paid in virtual currency

If you have been paid for services in virtual currency, ...
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A woman painting with a paintbrush and a canvas.

Jun 12 2023

Hobby or business: here’s what to know about that side hustle

Sometimes the line between having a hobby and running a ...
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A person holding up a paper with the words disaster recovery plan written on it.

Jun 12 2023

IRS offers tips on preparedness and how to protect personal information during natural disasters

So far in 2023, the Federal Emergency Management Agency (FEMA) ...
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A laptop with coins on the screen and a nft logo.

May 8 2023

IRS Proposes New Guidance Around NFT Classification That Would Increase Taxes

As reported by Blockworks in their March 23, 2023 publication, ...
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A close up of an electric car charging

May 8 2023

Proposed regulations related to the new clean vehicle critical mineral and battery components go into effect April 18

The Internal Revenue Service published proposed regulations recently in the ...
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A woman holding a laptop with the word scam alert on it.

May 8 2023

Taxpayers should learn about these common tax scams

While scammers work hard during tax season to try to ...
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A gold coin sitting on top of a table.

Feb 6 2023

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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A person holding a credit card and using a tablet.

Feb 6 2023

Tax tips for gig economy entrepreneurs and workers

In recent years, the gig economy has changed how people ...
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A telephone and a remote control on a table.

Feb 6 2023

Taxpayers should hang up if tax season scammers come calling

The tax filing season is a popular time for scammers ...
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A person typing on a laptop next to stacks of coins.

Nov 3 2022

Choosing and Identifying Cost Basis when units of Virtual Currency are sold

Often, these units are acquired at different times with different ...
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A jar of coins with the word retirement written on it.

Nov 3 2022

401(k) limit increases to $22,500 for 2023, IRA limit rises to $6,500

The Internal Revenue Service announced recently that the amount individuals ...
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A laptop with a padlock on the screen.

Nov 3 2022

Cyber Security Awareness

Cybersecurity Awareness Month, conducted every October, is a collaboration between ...
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A tax scam is on the form 1 0 4 0.

Sep 1 2022

Understanding how the IRS contacts taxpayers; Avoiding scams and how to know it’s really the IRS reaching out

With continuing phone and in-person scams taking place across the ...
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A box of money is being held by hands.

Sep 1 2022

Some things to know about crowdfunding and taxes

Crowdfunding is a popular way to raise money online. People ...
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A person holding coins in their hands

Sep 1 2022

What you need to know if you are donating virtual currency

As we head into the last few months of the ...
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A person is touching virtual currency on the screen.

Aug 4 2022

Virtual Currency Trades and Forks

The IRS has compiled a list of several Frequently Asked ...
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A person holding a jar of coins in their hand.

Aug 4 2022

IRA’s are one tool in the retirement planning toolbox

There are many ways people plan for retirement. Individual Retirement Arrangements, ...
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A man taking pictures of an old building.

Aug 4 2022

People should know if their pastime is a hobby or a business

From collecting stamps and woodworking to crafting and quilting, people ...
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A person holding two bitcoins in front of a monitor.

Jun 29 2022

Determining basis when you have been paid in virtual currency

If you have been paid for services in virtual currency, ...
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A lemonade stand is set up in the grass.

Jun 29 2022

When the lemonade stand makes bank: Young entrepreneurs and taxes

Teens and young adults often go into business for themselves ...
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A close up of some coins on top of the word " crypto currency ".

Jun 6 2022

Accepting virtual currency as payment

As virtual currency gains acceptance, more people are paying for ...
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A yellow emergency plan book sitting on top of a wooden desk.

Jun 6 2022

Preparing for a Natural Disaster

In 2021, the Federal Emergency Management Agency (FEMA) declared major ...
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A blue suitcase and flip flops on the beach.

Jun 6 2022

School is out for summer, but tax planning is year round

Now that the April filing deadline has passed, most people ...
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A virtual currency sign with some icons on it

May 4 2022

What is virtual currency?

The IRS explains that virtual currency is treated as property ...
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A magnifying glass is held over the words identity theft.

May 4 2022

What taxpayers should do if they get an identity theft letter from the IRS

With identity theft on the rise, the IRS wants taxpayers ...
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A notebook with the word crowdfunding written on it.

May 4 2022

Money received through ‘crowdfunding’ may be taxable

With the increasing popularity of crowdfunding, the IRS reminds taxpayers ...
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A torn piece of paper with the word " where is your tax ?" written on it.

May 4 2022

Reasons why some tax refunds filed electronically take longer than 21 days

Even though the Internal Revenue Service issues most refunds in ...
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A phone with the screen turned on and a call button.

Feb 1 2022

Taxpayers beware: Tax season is prime time for phone scams

The IRS reminds taxpayers to be aware that criminals continue ...
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A close up of the mail slot on a mailbox.

Feb 1 2022

Important mailings to watch for

Taxpayers to who received either the Advanced Child Tax Credit ...
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Two hands holding a green gift box with gold bow.

Nov 30 2021

Gifting and Donating virtual currency

It is the season of giving, but what happens if ...
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A person sitting at a desk with a laptop.

Nov 30 2021

IRS Reminds families to make online safety a priority

The Internal Revenue Service (IRS) reminds families, teens and senior ...
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A chalkboard with the words " get organized ".

Nov 30 2021

Easy steps taxpayers can take now to make tax filing easier in 2022

Organized tax records can help ensure that the tax preparation ...
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A person typing on a laptop with stacks of coins in the background.

Sep 29 2021

Choosing and Identifying Cost Basis when units of Virtual Currency are sold

Individuals often own multiple kinds of virtual currency at the ...
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A woman holding an open sign outside of a store.

Sep 28 2021

Understanding the tax responsibilities that come with starting a business

Small business owners have a variety of tax responsibilities. Understanding ...
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A glass jar with money in it and glasses.

Sep 25 2021

Retirement and taxes: Understanding IRAs

Individual Retirement Arrangements, or IRAs, provide tax incentives for people ...
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A woman holding a bottle of hand sanitizer.

Sep 24 2021

Cost of home testing for COVID-19 is eligible medical expense; reimbursable under FSAs, HSAs

The Internal Revenue Service reminds taxpayers today that the cost ...
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A red sold sign sitting in front of a house.

Sep 22 2021

Homeownership and taxes: Things taxpayers should consider when selling a house

It’s important for taxpayers to understand how selling their home ...
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A yellow sign that says are you ready

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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A child 's hand pointing to some gold coins.

Aug 25 2021

Buying and Selling with Virtual Currency

There are many services that can now be paid for ...
Read More
Two beach chairs are sitting on the sand.

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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A person is holding their phone up to the screen.

Aug 23 2021

IRS Reminder: Tax Scams continue year-round

Although the April filing deadline has passed scam artists remain ...
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A woman is touching a yellow symbol on her finger.

Jul 30 2021

Cost Basis in Virtual Currency

Much like other investments, knowing the cost basis of your ...
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A child tax credit application on top of a table.

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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A person holding hands with another person

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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A telephone and a remote control on a table.

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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Three different colored coins sitting on top of a table.

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. ...
Read More
A wooden letter sitting on top of paper.

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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A close up of the statue of liberty on top of money.

Jun 7 2021

Where’s my third economic impact payment?

The third round of economic impact payments are being sent ...
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A stack of gold coins with a dollar bill in the background.

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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A person holding an envelope and money.

Apr 5 2021

Third Round of Economic Impact Payments

With the recent approval of the American Rescue Plan Act, ...
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A clock sitting on top of papers next to a pile of papers.

Apr 5 2021

Extended Federal Filling and Payment Deadlines

On March 17, 2021, the Treasury Department and Internal Revenue ...
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A table with glasses, pencils and pens on it.

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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A person is holding their phone and typing on the keyboard.

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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Two men in suits are sitting at a table

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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A man sitting at the table with papers and a calculator.

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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A row of desks with computers on top.

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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A person holding their hands over a plant

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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A person using wood to make something

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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A woman sitting at her desk using a laptop.

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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A person writing on a check with a pen.

Sep 3 2020

Paycheck Protection Program Loan Forgiveness

The Paycheck Protection Program (PPP) is a loan designed to ...
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A close up of irs logo on top of the irs document.

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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A group of people sitting at computers in front of each other.

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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A close up of some money on top of a table

Jul 31 2020

Where’s My Refund?

The IRS reminds taxpayers that one of the best ways ...
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A green piggy bank sitting on top of a calculator.

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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A close up of the side lights on cars in traffic.

Jul 30 2020

Gig Economy tips taxpayers should remember

The gig economy, also called the sharing or access economy, ...
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A close up of the compass on top of a table

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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A close up of the irs form 1 0 4 0

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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A calculator sitting on top of some paper.

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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A woman is typing on her laptop while another man watches.

Feb 5 2020

AVOIDING IDENTITY THEFT

Earlier this week the IRS launched Identity Theft Central. This ...
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A person holding keys to their new home.

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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A person holding a piece of paper that says " last minute ".

Feb 11 2020

LAST MINUTE TAX EXTENDERS

Many of the tax provisions below were set to expire ...
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A table with some pencils and papers on it

Feb 13 2020

PASSIVE FOREIGN INVESTMENT COMPANIES (“PFICS”)

United States citizens and tax residents are discouraged from investing ...
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A calculator, coins and ruler on top of some papers

Feb 20 2020

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

The Tax Cuts and Jobs Act of 2017 ("TCJA") brought ...
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A close up of the numbers on a calculator

Feb 21 2020

US TAXATION OF NONRESIDENTS

The United States has one of the most complex tax ...
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A person holding an open wallet with money in it.

Feb 27 2020

MECHANISMS FOR RELIEF OF DOUBLE TAXATION

Double taxation is defined as the levying of tax by ...
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A close up of a globe on top of money

Feb 28 2020

FOREIGN ACCOUNT TAX COMPLIANCE ACT – FATCA

The Foreign Account Tax Compliance Act (FATCA), enacted in 2010, ...
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A close up of some different currencies

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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A close up of the tax form 1 0 4 0 nr

Mar 13 2020

NON-RESIDENT ALIEN TAX RETURN

If you are not a citizen of the US, specific ...
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A person holding some money in their hands

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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A red and white sign sitting in front of some clouds

Apr 17 2020

BE AWARE OF SCAMS

While the tax filing deadline may have been extended, scammers ...
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Two men shaking hands in front of a city skyline.

Apr 21 2020

PEOPLE FIRST INITIATIVE

To help taxpayers facing challenges due to COVID-19, the Internal ...
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A pile of money that is sitting on top of each other.

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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A small business sign on the side of a building.

May 1 2020

ADDITIONAL FUNDING ANNOUNCED

On April 27, 2020 the Small Business Association (SBA) will ...
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A close up of four different colored bills

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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A person putting money in a jar with coins

May 12 2020

WHAT ABOUT MY RETIREMENT ACCOUNT?

Section 2202 of the Coronavirus Aid, Relief, and Economic Security ...
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A close up of the word tax refund on top of some papers

Jun 2 2020

WHERE’S MY REFUND?

The IRS issues more than 9 out of 10 refunds ...
Read More
A close up of the irs form 1 0 4 0

Jun 2 2020

ECONOMIC IMPACT PAYMENTS INFORMATION

The IRS has reported that millions of Americans have already received their ...
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A close up of the ear piece on an irs form

Jun 22 2020

IS IT REALLY THE IRS CALLING?

Crooks impersonating the IRS either by phone, email or in ...
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A child and an adult holding hands in front of the sky.

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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A person holding a cell phone with fraud on it.

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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A calendar with the date july 1 5 th

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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A group of people holding hands with coins and a tree.

Jun 22 2020

PASSING ON WEALTH TO HEIRS

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