That email or text from the IRS: It’s a scam!

That email or text from the IRS: It’s a scam!

“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. The scams may come in through email, text messages, telephone calls or regular mail. Criminals regularly target both individuals and businesses and...
Virtual currency lands in the IRS’s crosshairs

Virtual currency lands in the IRS’s crosshairs

While the value of virtual currency continues to fluctuate, the IRS’s interest in it has only increased. In 2021, for example, the agency launched Operation Hidden Treasure to root out taxpayers who don’t report income from cryptocurrency transactions on their federal...
Balancing Business and Pleasure: A Guide to Travel Deductions

Balancing Business and Pleasure: A Guide to Travel Deductions

As the sun shines bright and the days are longer, the allure of summer vacations is hard to resist. But for many professionals, the line between vacation and business travel can often blur. This is when it is extremely important to understand the tricky landscape of...