Taxpayers’ increasing use of cryptocurrency as an investment vehicle and form of payment has fallen under the watchful eye of the IRS. Over the past few years, the service has taken several steps to regulate virtual currency, including Bitcoin, Ethereum and Ripple, and legally pursue those individuals who have evaded taxes on transactions using these […]
Posted on February 25, 2020
by
Joanie Stein
You have a wide range of options when it comes to choosing someone to help you prepare your federal tax return. However, not all tax preparers are created equal. It is crucial that you carefully vet each potential preparer and choose wisely, since you, as the taxpayer, are ultimately responsible for the returns you file […]
Posted on February 13, 2020
by
Jeffrey Mutnik
Tax season has begun and, for the most part, your 2019 tax liabilities are already set in stone based on the income you earned and the actions you took before Jan. 1, 2020. However, depending on your unique circumstances, there are a few ways that you can still lower your tax bill for 2019 before […]
Posted on February 06, 2020
by
Adam Cohen
The Taxpayer Certainty and Disaster Tax Relief Act passed in December 2019 includes several law changes that affect nonprofit organizations and the tax returns they file in the current year and those filed in prior years. Because some of the provisions of the act are retroactive, tax-exempt organizations may be eligible to apply the changes […]
Posted on February 04, 2020
by
John Ebenger
The sale, exchange or liquidation of partnership interest in appreciated property, such as real estate, is a common occurrence among partners and members of partnerships and LLCs taxed as partnerships. Whether due to disagreements among the partners, the death or divorce of a partner, or the addition of new partners, these transactions can result in […]
