Form 1099-DA Unveiled: IRS Releases Draft of New Tax Form for Digital Assets
The IRS just released a draft of Form 1099-DA, the first tax form dedicated to reporting crypto and [...]
Tag: Tax Law
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What to Do If You Get Audited by the IRS: 5 Essential Tips
Navigating a tax audit can seem intimidating, but it doesn’t have to be a stressful ordeal. With t [...]
Crypto Tax Loss Harvesting: Everything You Need to Know
Crypto tax loss harvesting is a way to avoid capital gains tax without damaging your portfolio. Lear [...]
NFT Creators and the Law: 5 Common Questions
From copyright and ownership issues to smart contract disputes, the legal implications of NFTs are v [...]
Taxes for Venmo, PayPal, Zelle and more
In today’s digital age, more and more people are using money-transferring apps like Venmo, PayPal, [...]
New IRS Guidance: Qualified Appraisals For Donated Crypto
For non-cash charitable contributions to a 501(c)(3) organization, taxpayers often need clarificatio [...]
New IRS Guidance: Claiming Tax Losses for Worthless Cryptocurrency
In a recent Chief Counsel Advice, the Internal Revenue Service (IRS) addressed the applicability of [...]
FBAR Penalties: What Happens If You Don’t File the FBAR?
The FBAR, or Foreign Bank Account Report, is a form that must be filed annually by individuals who h [...]
Taxes for Sellers on Facebook Marketplace, eBay, and Etsy
Are you ready to take your e-commerce business to the next level? Well, you've come to the right pla [...]