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

PASSING ON WEALTH TO HEIRS

By Kaufman Accounting | Jun 22, 2020
Giving away assets during your life time can help reduce ...
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REMINDER: IRS DEADLINE POSTPONED TO JULY 15 FOR THOSE WHO PAY ESTIMATED TAXES

By Kaufman Accounting | Jun 22, 2020
The Internal Revenue Service reminds taxpayers that estimated tax payments for ...
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A person holding a cell phone with fraud on it.

IRS WARNS AGAINST COVID-19 FRAUD

By Kaufman Accounting | Jun 22, 2020
The Internal Revenue Service (IRS) continues to remind taxpayers to guard against ...
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A child and an adult holding hands in front of the sky.

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

By Kaufman Accounting | Jun 22, 2020
Childcare or adult dependent care can be a major expense. ...
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A close up of the ear piece on an irs form

IS IT REALLY THE IRS CALLING?

By Kaufman Accounting | Jun 22, 2020
Crooks impersonating the IRS either by phone, email or in ...
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ECONOMIC IMPACT PAYMENTS INFORMATION

By Kaufman Accounting | Jun 2, 2020
The IRS has reported that millions of Americans have already received their ...
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A close up of the word tax refund on top of some papers

WHERE’S MY REFUND?

By Kaufman Accounting | Jun 2, 2020
The IRS issues more than 9 out of 10 refunds ...
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A person putting money in a jar with coins

WHAT ABOUT MY RETIREMENT ACCOUNT?

By Kaufman Accounting | May 12, 2020
Section 2202 of the Coronavirus Aid, Relief, and Economic Security ...
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A close up of four different colored bills

BANK HAPOALIM TO PAY IRS $874-MILLION

By Kaufman Accounting | May 12, 2020
According to Law 360’s April 30, 2020 article, Israel’s largest bank, Bank ...
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A small business sign on the side of a building.

ADDITIONAL FUNDING ANNOUNCED

By Kaufman Accounting | May 1, 2020
On April 27, 2020 the Small Business Association (SBA) will ...
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A pile of money that is sitting on top of each other.

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

By Kaufman Accounting | May 1, 2020
With clients around the world, we have had many questions ...
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Two men shaking hands in front of a city skyline.

PEOPLE FIRST INITIATIVE

By Kaufman Accounting | Apr 21, 2020
To help taxpayers facing challenges due to COVID-19, the Internal ...
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BE AWARE OF SCAMS

By Kaufman Accounting | Apr 17, 2020
While the tax filing deadline may have been extended, scammers ...
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A person holding some money in their hands

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

By Kaufman Accounting | Apr 9, 2020
On March 23, 2020 taxnotes.com reported that Israel’s largest financial institution, Bank ...
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NON-RESIDENT ALIEN TAX RETURN

By Kaufman Accounting | Mar 13, 2020
If you are not a citizen of the US, specific ...
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FOREIGN BANK AND FINANCIAL ACCOUNTING REPORTING (FBAR)

By Kaufman Accounting | Mar 12, 2020
The Bank Secrecy Act of 1970 equipped the U.S. Treasury ...
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A close up of a globe on top of money

FOREIGN ACCOUNT TAX COMPLIANCE ACT – FATCA

By Kaufman Accounting | Feb 28, 2020
The Foreign Account Tax Compliance Act (FATCA), enacted in 2010, ...
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A person holding an open wallet with money in it.

MECHANISMS FOR RELIEF OF DOUBLE TAXATION

By Kaufman Accounting | Feb 27, 2020
Double taxation is defined as the levying of tax by ...
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US TAXATION OF NONRESIDENTS

By Kaufman Accounting | Feb 21, 2020
The United States has one of the most complex tax ...
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GLOBAL INTANGIBLE LOW-TAXED INCOME INCLUSION (“GILTI”)

By Kaufman Accounting | Feb 20, 2020
The Tax Cuts and Jobs Act of 2017 ("TCJA") brought ...
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PASSIVE FOREIGN INVESTMENT COMPANIES (“PFICS”)

By Kaufman Accounting | Feb 13, 2020
United States citizens and tax residents are discouraged from investing ...
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A person holding a piece of paper that says " last minute ".

LAST MINUTE TAX EXTENDERS

By Kaufman Accounting | Feb 11, 2020
Many of the tax provisions below were set to expire ...
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A person holding keys to their new home.

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

By Kaufman Accounting | Feb 7, 2020
The United States has one of the most active real ...
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A woman is typing on her laptop while another man watches.

AVOIDING IDENTITY THEFT

By Kaufman Accounting | Feb 5, 2020
Earlier this week the IRS launched Identity Theft Central. This ...
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A calculator sitting on top of some paper.

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

By Kaufman Accounting | Jan 30, 2020
1. Nonresident filers do not need to file Only filers ...
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A close up of the irs form 1 0 4 0

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

By Kaufman Accounting | Jan 30, 2020
1. Foreign entity reporting Depending on the type of entity (trust, ...
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TOP 10 THINGS EXPATS RESIDING OUTSIDE THE U.S. NEED TO KNOW

By Kaufman Accounting | Jan 30, 2020
1. Expats still have to file in the US           The US tax ...
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A close up of the side lights on cars in traffic.

Gig Economy tips taxpayers should remember

By Kaufman Accounting | Jul 30, 2020
The gig economy, also called the sharing or access economy, ...
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A green piggy bank sitting on top of a calculator.

Major Changes to Retirement Plans Due to COVID-19

By Kaufman Accounting | Jul 31, 2020
In the recent update, the IRS reminds Qualified individuals affected ...
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Where’s My Refund?

By Kaufman Accounting | Jul 31, 2020
The IRS reminds taxpayers that one of the best ways ...
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A group of people sitting at computers in front of each other.

Don’t Forget, Social Security benefits may be taxable

By Kaufman Accounting | Jul 31, 2020
The IRS reminds taxpayers receiving Social Security benefits that they ...
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A close up of irs logo on top of the irs document.

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

By Kaufman Accounting | Sep 3, 2020
According to the Internal Revenue Service (IRS), they mail letter ...
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A person writing on a check with a pen.

Paycheck Protection Program Loan Forgiveness

By Kaufman Accounting | Sep 3, 2020
The Paycheck Protection Program (PPP) is a loan designed to ...
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A woman sitting at her desk using a laptop.

Home Office deduction: What taxpayers need to know

By Kaufman Accounting | Sep 3, 2020
The home office deduction allows qualifying taxpayers to deduct certain home ...
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A person using wood to make something

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

By Kaufman Accounting | Sep 3, 2020
Whether it’s something you’ve been doing for years or something ...
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Terms to help taxpayers better understand Individual Retirement Arrangements

By Kaufman Accounting | Nov 2, 2020
IRA, Roth IRA, Simple IRA, Contribution, Distribution – when considering ...
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A row of desks with computers on top.

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

By Kaufman Accounting | Nov 2, 2020
2020 has been a unique year that has brought many ...
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A man sitting at the table with papers and a calculator.

Check tax withholdings now as the last quarter of 2020 begins

By Kaufman Accounting | Nov 2, 2020
With the last quarter of 2020 just beginning, the IRS ...
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Two men in suits are sitting at a table

Six tips for people starting a new business

By Kaufman Accounting | Nov 2, 2020
Understanding the tax responsibilities that come with starting a business ...
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A person is holding their phone and typing on the keyboard.

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

By Kaufman Accounting | Nov 16, 2020
The Internal Revenue Service, state tax agencies and the tax ...
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A table with glasses, pencils and pens on it.

How the CARES Act changes deducting charitable contributions

By Kaufman Accounting | Nov 16, 2020
Whether taxpayers are supporting natural disaster recovery, COVID-19 pandemic aid ...
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A clock sitting on top of papers next to a pile of papers.

Extended Federal Filling and Payment Deadlines

By Kaufman Accounting | Apr 5, 2021
On March 17, 2021, the Treasury Department and Internal Revenue ...
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A person holding an envelope and money.

Third Round of Economic Impact Payments

By Kaufman Accounting | Apr 5, 2021
With the recent approval of the American Rescue Plan Act, ...
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A stack of gold coins with a dollar bill in the background.

Are cryptocurrency purchases made in USD reportable to the IRS?

By Kaufman Accounting | Apr 5, 2021
Many taxpayers have noticed a new question Form 1040 asking ...
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A close up of the statue of liberty on top of money.

Where’s my third economic impact payment?

By Kaufman Accounting | Jun 7, 2021
The third round of economic impact payments are being sent ...
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A wooden letter sitting on top of paper.

Tips to Help You Figure Out if Your Gift is Taxable

By Kaufman Accounting | Jun 7, 2021
If you've given money or property to someone as a ...
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Three different colored coins sitting on top of a table.

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

By Kaufman Accounting | Jun 7, 2021
Record keeping is an important part of any investment transaction. ...
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A telephone and a remote control on a table.

IRS Struggled to Answer Calls in the 2021 Tax Season

By Kaufman Accounting | Jul 9, 2021
A recent article from Law 360 Tax Authority noted that ...
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The IRS is Hiring Thousands of New Tax Auditors

By Kaufman Accounting | Jul 28, 2021
The Internal Revenue Service is hiring thousands of new auditors ...
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A child tax credit application on top of a table.

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

By Kaufman Accounting | Jul 29, 2021
The American Rescue plan increased the maximum Child Tax Credit ...
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A woman is touching a yellow symbol on her finger.

Cost Basis in Virtual Currency

By Kaufman Accounting | Jul 30, 2021
Much like other investments, knowing the cost basis of your ...
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A person is holding their phone up to the screen.

IRS Reminder: Tax Scams continue year-round

By Kaufman Accounting | Aug 23, 2021
Although the April filing deadline has passed scam artists remain ...
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Two beach chairs are sitting on the sand.

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

By Kaufman Accounting | Aug 24, 2021
It's summertime and for many people, summertime means change. Whether ...
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A child 's hand pointing to some gold coins.

Buying and Selling with Virtual Currency

By Kaufman Accounting | Aug 25, 2021
There are many services that can now be paid for ...
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A yellow sign that says are you ready

Financial safety: The often-forgotten piece of disaster preparedness

By Kaufman Accounting | Sep 15, 2021
After a natural disaster, having access to personal financial, insurance, ...
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A red sold sign sitting in front of a house.

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

By Kaufman Accounting | Sep 22, 2021
It’s important for taxpayers to understand how selling their home ...
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A woman holding a bottle of hand sanitizer.

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

By Kaufman Accounting | Sep 24, 2021
The Internal Revenue Service reminds taxpayers today that the cost ...
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A glass jar with money in it and glasses.

Retirement and taxes: Understanding IRAs

By Kaufman Accounting | Sep 25, 2021
Individual Retirement Arrangements, or IRAs, provide tax incentives for people ...
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A woman holding an open sign outside of a store.

Understanding the tax responsibilities that come with starting a business

By Kaufman Accounting | Sep 28, 2021
Small business owners have a variety of tax responsibilities. Understanding ...
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A person typing on a laptop with stacks of coins in the background.

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

By Kaufman Accounting | Sep 29, 2021
Individuals often own multiple kinds of virtual currency at the ...
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A chalkboard with the words " get organized ".

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

By Kaufman Accounting | Nov 30, 2021
Organized tax records can help ensure that the tax preparation ...
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A person sitting at a desk with a laptop.

IRS Reminds families to make online safety a priority

By Kaufman Accounting | Nov 30, 2021
The Internal Revenue Service (IRS) reminds families, teens and senior ...
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Two hands holding a green gift box with gold bow.

Gifting and Donating virtual currency

By Kaufman Accounting | Nov 30, 2021
It is the season of giving, but what happens if ...
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A close up of the mail slot on a mailbox.

Important mailings to watch for

By Kaufman Accounting | Feb 1, 2022
Taxpayers to who received either the Advanced Child Tax Credit ...
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A phone with the screen turned on and a call button.

Taxpayers beware: Tax season is prime time for phone scams

By Kaufman Accounting | Feb 1, 2022
The IRS reminds taxpayers to be aware that criminals continue ...
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A torn piece of paper with the word " where is your tax ?" written on it.

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

By Kaufman Accounting | May 4, 2022
Even though the Internal Revenue Service issues most refunds in ...
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A notebook with the word crowdfunding written on it.

Money received through ‘crowdfunding’ may be taxable

By Kaufman Accounting | May 4, 2022
With the increasing popularity of crowdfunding, the IRS reminds taxpayers ...
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A magnifying glass is held over the words identity theft.

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

By Kaufman Accounting | May 4, 2022
With identity theft on the rise, the IRS wants taxpayers ...
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A virtual currency sign with some icons on it

What is virtual currency?

By Kaufman Accounting | May 4, 2022
The IRS explains that virtual currency is treated as property ...
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A blue suitcase and flip flops on the beach.

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

By Kaufman Accounting | Jun 6, 2022
Now that the April filing deadline has passed, most people ...
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A yellow emergency plan book sitting on top of a wooden desk.

Preparing for a Natural Disaster

By Kaufman Accounting | Jun 6, 2022
In 2021, the Federal Emergency Management Agency (FEMA) declared major ...
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A close up of some coins on top of the word " crypto currency ".

Accepting virtual currency as payment

By Kaufman Accounting | Jun 6, 2022
As virtual currency gains acceptance, more people are paying for ...
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A lemonade stand is set up in the grass.

When the lemonade stand makes bank: Young entrepreneurs and taxes

By Kaufman Accounting | Jun 29, 2022
Teens and young adults often go into business for themselves ...
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A person is holding their phone up to the screen.

Scammers use every trick in their communication arsenal to steal your identity, personal financial information, money and more

By Kaufman Accounting | Jun 29, 2022
The Internal Revenue Service recently noted the 5th item on ...
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A person holding two bitcoins in front of a monitor.

Determining basis when you have been paid in virtual currency

By Kaufman Accounting | Jun 29, 2022
If you have been paid for services in virtual currency, ...
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A man taking pictures of an old building.

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

By Kaufman Accounting | Aug 4, 2022
From collecting stamps and woodworking to crafting and quilting, people ...
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A person holding a jar of coins in their hand.

IRA’s are one tool in the retirement planning toolbox

By Kaufman Accounting | Aug 4, 2022
There are many ways people plan for retirement. Individual Retirement Arrangements, ...
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A person is touching virtual currency on the screen.

Virtual Currency Trades and Forks

By Kaufman Accounting | Aug 4, 2022
The IRS has compiled a list of several Frequently Asked ...
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A person holding coins in their hands

What you need to know if you are donating virtual currency

By Kaufman Accounting | Sep 1, 2022
As we head into the last few months of the ...
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A box of money is being held by hands.

Some things to know about crowdfunding and taxes

By Kaufman Accounting | Sep 1, 2022
Crowdfunding is a popular way to raise money online. People ...
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A tax scam is on the form 1 0 4 0.

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

By Kaufman Accounting | Sep 1, 2022
With continuing phone and in-person scams taking place across the ...
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A laptop with a padlock on the screen.

Cyber Security Awareness

By Kaufman Accounting | Nov 3, 2022
Cybersecurity Awareness Month, conducted every October, is a collaboration between ...
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A jar of coins with the word retirement written on it.

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

By Kaufman Accounting | Nov 3, 2022
The Internal Revenue Service announced recently that the amount individuals ...
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A person typing on a laptop next to stacks of coins.

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

By Kaufman Accounting | Nov 3, 2022
Often, these units are acquired at different times with different ...
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A telephone and a remote control on a table.

Taxpayers should hang up if tax season scammers come calling

By Kaufman Accounting | Feb 6, 2023
The tax filing season is a popular time for scammers ...
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A person holding a credit card and using a tablet.

Tax tips for gig economy entrepreneurs and workers

By Kaufman Accounting | Feb 6, 2023
In recent years, the gig economy has changed how people ...
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A gold coin sitting on top of a table.

What records do I need to maintain regarding my transactions in Virtual Currency?

By Kaufman Accounting | Feb 6, 2023
Record keeping is an important part of any investment transaction. ...
Read More →
A woman holding a laptop with the word scam alert on it.

Taxpayers should learn about these common tax scams

By Kaufman Accounting | May 8, 2023
While scammers work hard during tax season to try to ...
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A close up of an electric car charging

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

By Kaufman Accounting | May 8, 2023
The Internal Revenue Service published proposed regulations recently in the ...
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A laptop with coins on the screen and a nft logo.

IRS Proposes New Guidance Around NFT Classification That Would Increase Taxes

By Kaufman Accounting | May 8, 2023
As reported by Blockworks in their March 23, 2023 publication, ...
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A person holding up a paper with the words disaster recovery plan written on it.

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

By Kaufman Accounting | Jun 12, 2023
So far in 2023, the Federal Emergency Management Agency (FEMA) ...
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A woman painting with a paintbrush and a canvas.

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

By Kaufman Accounting | Jun 12, 2023
Sometimes the line between having a hobby and running a ...
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A bitcoin atm machine with the coin in front of it.

Determining basis when you have been paid in virtual currency

By Kaufman Accounting | Jun 12, 2023
If you have been paid for services in virtual currency, ...
Read More →
A for sale sign in front of a house.

Tax considerations when selling a home

By Kaufman Accounting | Jul 3, 2023
Many people move during the summer. Taxpayers who are selling ...
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A close up of the irs form w-4

What employees need to know about income tax withholding

By Kaufman Accounting | Jul 3, 2023
Whether someone is entering the workforce for the first time ...
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A person holding an ipad with digital assets on it.

Digital Assets

By Kaufman Accounting | Jul 6, 2023
Digital assets are broadly defined as any digital representation of ...
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A row of flip flops sitting on top of the sand.

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

By Kaufman Accounting | Aug 4, 2023
For many people, summertime means change. Whether it's a life ...
Read More →
A close up of a plate with flowers on it

Tax to-dos for newlyweds to keep in mind

By Kaufman Accounting | Aug 8, 2023
Anyone saying "I do" this summer should review a few ...
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A bunch of coins that are floating in the air

What is virtual currency?

By Kaufman Accounting | Aug 8, 2023
The IRS explains that virtual currency is treated as property ...
Read More →
A baby wrapped in green blanket and wearing a hat.

Tax tips for new parents

By Kaufman Accounting | Sep 6, 2023
Kids are expensive. Whether someone just brought a bundle of ...
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A passport sitting on top of a suitcase.

Business travelers should check out these deductions before hitting the road

By Kaufman Accounting | Sep 6, 2023
Many people travel for their job - some for an ...
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A long hallway with many rows of computer servers.

Buying and Selling with Virtual Currency

By Kaufman Accounting | Sep 6, 2023
There are many services that can now be paid for ...
Read More →
A padlock on top of a computer screen.

Cyber Security Awareness

By Kaufman Accounting | Nov 14, 2023
Cybersecurity Awareness Month, conducted every October, is a collaboration between ...
Read More →
A jar of coins and some plants growing out of it.

Individual retirement accounts can be important tools in retirement planning

By Kaufman Accounting | Nov 14, 2023
It is never too early to begin planning for retirement. Individual ...
Read More →
A person holding two coins in their hands.

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

By Kaufman Accounting | Nov 14, 2023
When disaster strikes, Americans can always be counted on to ...
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Magnifying glass and glasses on a book.

Debunking common myths about federal tax refunds

By Kaufman Accounting | May 10, 2024
Once people complete and file their tax return, many of ...
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Tax form with "scam" written across it.

Taxpayers and tax pros: Beware of these common tax scams

By Kaufman Accounting | May 10, 2024
Taxpayers and tax professionals should remain alert and aware of ...
Read More →
Two red binders on a wooden surface.

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

By Kaufman Accounting | May 10, 2024
Record keeping is an important part of any investment transaction. ...
Read More →
Bride and groom walking on beach sunset.

Newlyweds tax checklist

By Kaufman Accounting | Jul 1, 2024
Summer wedding season has arrived, and newlyweds can make their ...
Read More →
Two women crocheting with yarn balls.

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

By Kaufman Accounting | Jul 1, 2024
Hobbies and businesses are treated differently when it comes to ...
Read More →
Wooden blocks with shopping cart icon.

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

By Kaufman Accounting | Jul 1, 2024
The Internal Revenue Service reminds taxpayers they’re generally required to ...
Read More →
Laptop showing smart home energy efficiency rating.

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

By Kaufman Accounting | Sep 2, 2024
Homeowners who make improvements like replacing old doors and windows, ...
Read More →
"Disaster" spelled with wooden tiles.

Disaster tax relief information and resources on IRS.gov

By Kaufman Accounting | Sep 2, 2024
IRS.gov has information disaster victims may need, including information about ...
Read More →
Three gold Bitcoin cryptocurrency coins.

Determining basis when you have been paid in virtual currency

By Kaufman Accounting | Sep 2, 2024
If you have been paid for services in virtual currency, ...
Read More →
Stack of assorted envelopes and letters.

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

By Kaufman Accounting | Oct 4, 2024
With identity theft on the rise, the IRS wants taxpayers to understand ...
Read More →
Graduate wearing cap and gown, back view.

Employer-offered educational assistance programs can help pay for college

By Kaufman Accounting | Oct 4, 2024
An educational assistance program is an employer’s written plan to provide ...
Read More →
Colorful digital shield with lock symbol.

Cybersecurity Awareness

By Kaufman Accounting | Oct 4, 2024
Cybersecurity Awareness Month, conducted every October, is a collaboration between ...
Read More →
"Chalkboard with 'UPDATE' and clock illustration."

Changes coming to the 2024 tax rules

By Kaufman Accounting | Nov 2, 2024
For tax year 2024, participants who have self-only coverage in ...
Read More →
Hands shaking in a professional setting.

Tax benefits for businesses that accommodate people with disabilities

By Kaufman Accounting | Nov 2, 2024
Businesses that make structural adaptations or other accommodations for employees ...
Read More →
"NFT graphic with circuit board design."

Digital assets

By Kaufman Accounting | Nov 2, 2024
You may have to report transactions with digital assets such ...
Read More →
People exchanging wrapped gifts indoors.

Gifting and Donating Virtual Currency

By Kaufman Accounting | Dec 8, 2024
It is the season of giving, but what happens if ...
Read More →
"Open sign hanging in a store"

What people need to know when starting a business

By Kaufman Accounting | Dec 8, 2024
The IRS knows that understanding and meeting tax obligations is ...
Read More →
Electric car charging with an orange cable.

Credits for new clean vehicles purchased in 2023 or after

By Kaufman Accounting | Dec 8, 2024
If you placed in service a new plug-in electric vehicle ...
Read More →
Tax return documents with reminder note.

Get ready for tax filing season 2025

By Kaufman Accounting | Jan 23, 2025
 As tax filing season approaches, the IRS Get Ready campaign ...
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Credit cards in various colors and designs.

How taxpayers can protect themselves from gift card scams

By Kaufman Accounting | Jan 23, 2025
 Taxpayers should be aware of gift card scams and take ...
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Bitcoin, Ethereum, Ripple coins and memory card.

What is virtual currency?

By Kaufman Accounting | Jan 23, 2025
 The IRS explains that virtual currency is treated as property ...
Read More →
Jar of coins labeled "Retirement."

Access retirement funds in a disaster

By Kaufman Accounting | Mar 12, 2025
 The SECURE 2.0 Act makes it easier for qualified individuals ...
Read More →
Hands with wedding rings on paperwork.

Essential tax tips for marriage status changes

By Kaufman Accounting | Mar 12, 2025
 A taxpayer’s filing status generally depends on their being married or unmarried ...
Read More →
Bitcoin symbol over binary code background.

Buying and Selling with Virtual Currency

By Kaufman Accounting | Mar 12, 2025
 There are many services that can now be paid for ...
Read More →
Jar labeled "Give" filled with coins.

Record Keeping Requirements for Charitable Contributions

By Kaufman Accounting | Jun 17, 2025
Reporting Requirement Thresholds: $501 or greater amount. Cash. Do not ...
Read More →
Calculator with "TAXES" on wooden blocks.

Estimated Taxes

By Kaufman Accounting | Jun 17, 2025
The federal income tax is a pay-as-you-go tax. You must ...
Read More →
Books and files on a wooden shelf.

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

By Kaufman Accounting | Jun 17, 2025
Record keeping is an important part of any investment transaction. ...
Read More →

Identity Theft and Your Taxes

By Kaufman Accounting | Aug 12, 2025
Identity Theft and Your Taxes Your identity and money can ...
Read More →

Education Tax Benefits

By Kaufman Accounting | Aug 12, 2025
Education Tax Benefits If you pay tuition, fees, and other ...
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Determining basis when you have been paid in virtual currency

By Kaufman Accounting | Aug 12, 2025
Crypto Currency If you have been paid for services in ...
Read More →

Foreign Bank and Financial Accounts

By Kaufman Accounting | Sep 9, 2025
If you have a financial interest in or signature authority ...
Read More →

September 2025- Q&A, Virtual Currency

By Kaufman Accounting | Sep 9, 2025
Q&A with virtual currency Q1: What is virtual currency?A1. Virtual ...
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Gift Tax

By Kaufman Accounting | Oct 21, 2025
Gift TaxThere is no dollar limit on the amount that ...
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October 2025- Q&A, Virtual Currency

By Kaufman Accounting | Oct 21, 2025
Q&A with virtual currency Q1: How is virtual currency treated ...
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Charitable Organizations

By Kaufman Accounting | Nov 12, 2025
Charitable OrganizationsQualified charitable organizations include nonprofit groups that are religious, ...
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November 2025- Q&A, Virtual Currency

By Kaufman Accounting | Nov 12, 2025
Q&A with virtual currency Q1: Do I have income if ...
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December 2025- Q&A, Virtual Currency

By Kaufman Accounting | Dec 4, 2025
Q&A with virtual currency Q1. One of my cryptocurrencies went ...
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Bitcoin, Ethereum, Ripple coins and memory card.

January 2026- Q&A, Virtual Currency

By Kaufman Accounting | Jan 6, 2026
Q&A with virtual currency Q1: Will I recognize a gain ...
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Capital Gains and Losses

By Kaufman Accounting | Jan 6, 2026
Capital Gains and Losses Capital AssetsMost property you own and ...
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Tax documents with a clock and reminder note.

Tax Time!

By Kaufman Accounting | Jan 6, 2026
Get ready for tax filing season 2026! As tax filing ...
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High Income Taxpayers

By Kaufman Accounting | Feb 4, 2026
High-Income Taxpayers In addition to higher federal tax rates, taxpayers ...
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Itemized Deductions-Interest Paid

By Kaufman Accounting | Feb 4, 2026
Interest that is deductible as an itemized deduction. • Home ...
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February 2026- Q&A, Virtual Currency

By Kaufman Accounting | Feb 4, 2026
Q&A with virtual currency Q1: I receive virtual currency as ...
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