Public fascination with cryptocurrency tends to follow dramatic gains and losses in the market. While the latter results in pundits sounding the death knell for Bitcoin and its ilk, the most reliable predictor for the lifespan and legitimacy of crypto lies in the Internal Revenue Service—and some newly minted crypto-holding clients may have questions about the virtual currency checkbox on their tax year 2020 Form 1040.… Read more about Cryptocurrency and the Form 1040 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Let’s face it, passwords are becoming a problem. Following best practices for data security means creating unique passwords for all computers, networks, and online accounts.… Read more about It May Be Time to Use a Password Manager (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

It was a wise man indeed who first warned us to “hope for the best, but prepare for the worst.”… Read more about IRS Reminds Taxpayers to Prepare for Natural Disasters (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Sometimes, taxpayers find themselves with a tax bill they just can’t satisfy. The taxpayer is willing to pay, but the bottom line is more than they can afford.… Read more about IRS Reminds Taxpayers About Offer in Compromise Program (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Partnerships and S corporations that will have to report “international tax matters” in 2022 can now review the new draft releases for Schedules K-2 and K-3. The IRS today announced the early release drafts, noting that instructions would follow sometime in the summer.… Read more about New Draft Schedules K-2 and K-3 Announced by IRS (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

This tax season, like so many before, a lot of filers could use a little extra time to get the job done.… Read more about These Taxpayers Don’t Have to Do Anything to Get an Extension (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…