Guide to Crypto Taxes 2022
Confused by crypto taxes? We're here to help! From mining to swapping to airdrops, figure out how to [...]
Tag: Tax Penalties
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IRS CP2501: How to Respond to the CP2501 Crypto Letter
Did you get a CP2501 letter from the IRS? The amount listed may not be correct. Discover what you sh [...]
IRS Gets an $80 Billion Budget Increase
The Inflation Reduction Act gives the IRS an additional $80 billion per year to increase services an [...]
IRS Voluntary Disclosure Program
The IRS Voluntary Disclosure Program (VDP) gives taxpayers a chance to avoid criminal tax charges by [...]
IRS Installment Agreements: Your Road to Tax Debt Relief
So you’ve received the notice that every taxpayer dreads: You owe the government money! Fortun [...]
Form 3520: Reporting Foreign Trusts and Gifts for US Citizens
If you received transactions from foreign trusts or entities during the tax year, you may need to fi [...]
FATCA Reporting: Filing Form 8938
Offshore accounts were once the go-to option for Americans who wanted to hide money from Uncle Sam. [...]
The FBAR: Who Should File and What Happens If You Don’t
Did you just learn about FBAR filing requirements? Are you worried that you should have filed one an [...]
IRS Tax Levy: What Is It and How Can You Stop It?
An IRS tax levy can put your property and personal assets at risk. Back taxes are hard to eliminate, [...]