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Starting in 2026, the IRS will introduce Form 1099-DA dedicated to reporting crypto and digital assets. Learn who needs to issue this form and more!
A question about digital assets, which has appeared on personal tax returns for several years, has been added to business tax returns as well.
When the IRS deadline is approaching and you can’t pay your tax bill, what should you do? Here are 5 tips from seasoned tax attorneys.
The IRS is targeting wealthy non-filers who haven’t filed tax returns between 2017 and 2021. Learn what you should do if you receive Notice CP59.
Need more time to file your tax return? It’s easy and free! Here’s how to extend your tax deadline step-by-step using IRS free file.
Navigating a tax audit can seem intimidating, but it doesn’t have to be a stressful ordeal. With the right knowledge and preparation, anyone can handle this process smoothly.
If you’re facing IRS wage garnishment, you may feel confused, angry, and overwhelmed. But you have options! Learn how to stop the IRS garnishing your wages.
The IRS has once again delayed the $600 threshold for Form 1099-K reporting. Our experienced tax attorneys explain what you need to know about this update and your filing requirements.
Are you struggling with Illinois Department of Revenue collections? Do you have overwhelming Illinois tax debt that you can’t afford to pay? You have options, and our Chicago tax law firm can help!
Did you just learn about FBAR filing requirements? Our experienced FBAR lawyers break down all you need to know about this form (otherwise known as FinCEN Form 114).
Good news for crypto businesses: A new requirement to file Form 8300 for cryptocurrency payments of $10,000 or more has been delayed pending further regulations.
Love them or hate them, NFTs are here to stay. Some only see a digital picture of an ape in human clothing. Others see an opportunity for creatives and artists to securely sell or trade with people all over the world via the blockchain. The NFT market has exploded over the last several years and shows no signs of letting up.
You may be eligible for automatic penalty relief and other tax debt relief options. Learn more here, and reach out to discuss your options.
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