Tax news for investors and users of cryptocurrency

Tax news for investors and users of cryptocurrency

If you’re a crypto investor or user, you may have noticed something new on your tax return this year. And you may soon notice a new form reporting requirements for digital assets. Check the box Beginning with tax year 2022, taxpayers must check a box on their tax...
Venmo? Paypal? Zelle? Etsy? New rules you need to know.

Venmo? Paypal? Zelle? Etsy? New rules you need to know.

The IRS recently delayed the requirement to lower the reporting threshold from $20,000 and 200 transactions in a year to $600 and any number of transactions. Had they not delayed, taxpayers would have been flooded with unexpected 1099-K forms and confusion in January...
The tax advantages of hiring your child this summer

The tax advantages of hiring your child this summer

Summer is around the corner so you may be thinking about hiring young people at your small business. At the same time, you may have children looking to earn extra spending money. You can save family income and payroll taxes by putting your child on the payroll. It’s a...
IRS guidance coming regarding the IRA’s Clean Vehicle Credit

IRS guidance coming regarding the IRA’s Clean Vehicle Credit

The Inflation Reduction Act (IRA) extended and expanded the Section 30D Clean Vehicle (CV) Credit, previously known as the Electric Vehicle (EV) Credit. The credit now covers “clean vehicles,” which include plug-in hybrids, hydrogen fuel cell...