1040 Crypto Question: What It Means and How to Answer
The IRS is now asking all US taxpayers about their crypto activity. The wrong answer could land you [...]
Tag: News
View All Blog Posts >
IRS Gets an $80 Billion Budget Increase
The Inflation Reduction Act gives the IRS an additional $80 billion per year to increase services an [...]
7 Things to Know from the New Lummis-Gillibrand Cryptocurrency Bill
A new bipartisan cryptocurrency bill from Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-N [...]
IRS Penalty Abatement
Completely erasing IRS tax penalties may sound too good to be true, but IRS penalty abatement is an [...]
IRS Adds Crypto to Voluntary Disclosure Program
Revised guidelines create a clear pathway for those with criminal concerns regarding unreported cryp [...]
Has the IRS Issued New Crypto Tax Guidance? Fact Checking the IRS Staking Case
The internet is buzzing with false claims that the IRS has changed its stance on how staking rewards [...]
Binance Lowers Daily Withdrawal Limit for Non-KYC Accounts
Cryptocurrency exchange Binance updated its daily withdrawal limit to comply with increased crypto r [...]
Child Tax Credit Payments in 2023: Should You Opt Out of Advance Payments?
Should you take advantage of Advance Child Tax Credit payments, or should you opt out? We’ve recei [...]
Supreme Court Limits FTC’s Ability to Obtain Restitution for Deceptive Marketing
How will deceptive advertising lawsuits be impacted now that a favorite FTC enforcement tool is gone [...]