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What records do I need to maintain regarding my transactions in virtual currency?
By Kaufman Accounting |
Record keeping is an important part of any investment transaction. ...
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Tips to Help You Figure Out if Your Gift is Taxable
By Kaufman Accounting |
If you've given money or property to someone as a ...
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Where’s my third economic impact payment?
By Kaufman Accounting |
The third round of economic impact payments are being sent ...
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Are cryptocurrency purchases made in USD reportable to the IRS?
By Kaufman Accounting |
Many taxpayers have noticed a new question Form 1040 asking ...
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Third Round of Economic Impact Payments
By Kaufman Accounting |
With the recent approval of the American Rescue Plan Act, ...
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Extended Federal Filling and Payment Deadlines
By Kaufman Accounting |
On March 17, 2021, the Treasury Department and Internal Revenue ...
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How the CARES Act changes deducting charitable contributions
By Kaufman Accounting |
Whether taxpayers are supporting natural disaster recovery, COVID-19 pandemic aid ...
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Security Summit partners warn taxpayers of new COVID-related text scam
By Kaufman Accounting |
The Internal Revenue Service, state tax agencies and the tax ...
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Six tips for people starting a new business
By Kaufman Accounting |
Understanding the tax responsibilities that come with starting a business ...
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Check tax withholdings now as the last quarter of 2020 begins
By Kaufman Accounting |
With the last quarter of 2020 just beginning, the IRS ...
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Have tax withheld from unemployment now to avoid a tax-time surprise later
By Kaufman Accounting |
2020 has been a unique year that has brought many ...
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Terms to help taxpayers better understand Individual Retirement Arrangements
By Kaufman Accounting |
IRA, Roth IRA, Simple IRA, Contribution, Distribution – when considering ...
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Earning a side income: Is it a hobby or a business?
By Kaufman Accounting |
Whether it’s something you’ve been doing for years or something ...
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Home Office deduction: What taxpayers need to know
By Kaufman Accounting |
The home office deduction allows qualifying taxpayers to deduct certain home ...
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Paycheck Protection Program Loan Forgiveness
By Kaufman Accounting |
The Paycheck Protection Program (PPP) is a loan designed to ...
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A letter from the IRS? What taxpayers need to know if they receive a notice from the IRS
By Kaufman Accounting |
According to the Internal Revenue Service (IRS), they mail letter ...
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Don’t Forget, Social Security benefits may be taxable
By Kaufman Accounting |
The IRS reminds taxpayers receiving Social Security benefits that they ...
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Where’s My Refund?
By Kaufman Accounting |
The IRS reminds taxpayers that one of the best ways ...
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Major Changes to Retirement Plans Due to COVID-19
By Kaufman Accounting |
In the recent update, the IRS reminds Qualified individuals affected ...
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Gig Economy tips taxpayers should remember
By Kaufman Accounting |
The gig economy, also called the sharing or access economy, ...
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TOP 10 THINGS EXPATS RESIDING OUTSIDE THE U.S. NEED TO KNOW
By Kaufman Accounting |
1. Expats still have to file in the US The US tax ...
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TOP 5 THINGS US CITIZENS HOLDING FOREIGN COMPANIES NEED TO BE AWARE OF
By Kaufman Accounting |
1. Foreign entity reporting Depending on the type of entity (trust, ...
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TOP 10 THINGS FILERS NEED TO KNOW ABOUT THE FOREIGN BANK ACCOUNT REPORTING (FBAR)
By Kaufman Accounting |
1. Nonresident filers do not need to file Only filers ...
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AVOIDING IDENTITY THEFT
By Kaufman Accounting |
Earlier this week the IRS launched Identity Theft Central. This ...
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FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT OF 1980 RULES (“FIRPTA”)
By Kaufman Accounting |
The United States has one of the most active real ...
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LAST MINUTE TAX EXTENDERS
By Kaufman Accounting |
Many of the tax provisions below were set to expire ...
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PASSIVE FOREIGN INVESTMENT COMPANIES (“PFICS”)
By Kaufman Accounting |
United States citizens and tax residents are discouraged from investing ...
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GLOBAL INTANGIBLE LOW-TAXED INCOME INCLUSION (“GILTI”)
By Kaufman Accounting |
The Tax Cuts and Jobs Act of 2017 ("TCJA") brought ...
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US TAXATION OF NONRESIDENTS
By Kaufman Accounting |
The United States has one of the most complex tax ...
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MECHANISMS FOR RELIEF OF DOUBLE TAXATION
By Kaufman Accounting |
Double taxation is defined as the levying of tax by ...
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FOREIGN ACCOUNT TAX COMPLIANCE ACT – FATCA
By Kaufman Accounting |
The Foreign Account Tax Compliance Act (FATCA), enacted in 2010, ...
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FOREIGN BANK AND FINANCIAL ACCOUNTING REPORTING (FBAR)
By Kaufman Accounting |
The Bank Secrecy Act of 1970 equipped the U.S. Treasury ...
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NON-RESIDENT ALIEN TAX RETURN
By Kaufman Accounting |
If you are not a citizen of the US, specific ...
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ISRAEL’S BANK HAPOALIM OFFERS TO SETTLE WITH U.S
By Kaufman Accounting |
On March 23, 2020 taxnotes.com reported that Israel’s largest financial institution, Bank ...
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BE AWARE OF SCAMS
By Kaufman Accounting |
While the tax filing deadline may have been extended, scammers ...
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PEOPLE FIRST INITIATIVE
By Kaufman Accounting |
To help taxpayers facing challenges due to COVID-19, the Internal ...
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AM I ELIGIBLE FOR THE STIMULUS PAYMENT IF I AM LIVING ABROAD?
By Kaufman Accounting |
With clients around the world, we have had many questions ...
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ADDITIONAL FUNDING ANNOUNCED
By Kaufman Accounting |
On April 27, 2020 the Small Business Association (SBA) will ...
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BANK HAPOALIM TO PAY IRS $874-MILLION
By Kaufman Accounting |
According to Law 360’s April 30, 2020 article, Israel’s largest bank, Bank ...
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WHAT ABOUT MY RETIREMENT ACCOUNT?
By Kaufman Accounting |
Section 2202 of the Coronavirus Aid, Relief, and Economic Security ...
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WHERE’S MY REFUND?
By Kaufman Accounting |
The IRS issues more than 9 out of 10 refunds ...
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ECONOMIC IMPACT PAYMENTS INFORMATION
By Kaufman Accounting |
The IRS has reported that millions of Americans have already received their ...
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IS IT REALLY THE IRS CALLING?
By Kaufman Accounting |
Crooks impersonating the IRS either by phone, email or in ...
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WHO QUALIFIES A TAXPAYER FOR THE CHILD AND DEPENDENT CARE CREDIT?
By Kaufman Accounting |
Childcare or adult dependent care can be a major expense. ...
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IRS WARNS AGAINST COVID-19 FRAUD
By Kaufman Accounting |
The Internal Revenue Service (IRS) continues to remind taxpayers to guard against ...
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REMINDER: IRS DEADLINE POSTPONED TO JULY 15 FOR THOSE WHO PAY ESTIMATED TAXES
By Kaufman Accounting |
The Internal Revenue Service reminds taxpayers that estimated tax payments for ...
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PASSING ON WEALTH TO HEIRS
By Kaufman Accounting |
Giving away assets during your life time can help reduce ...
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