IRS Provides Updated Cryptocurrency Guidance for Charitable Deductions

| 2023 Taxes, cryptocurrency tax | No Comments
Did you make contributions to charitable organizations in the current or past tax year of more than $5,000 using digital assets and want to use them as a tax deduction? …

IRS Provides Updated Guidance on Cryptocurrency: What It Means for Self-Employed Tax Deductions

| 2023 Taxes, cryptocurrency tax | No Comments
The tax rules related to cryptocurrency (what the IRS now calls digital assets), are changing as rapidly as the virtual currency markets themselves. A case in point: If you have…

Take Advantage of New Green Vehicle Tax Credits to Reduce Your 2023 Self-Employed Tax Bill

| Uncategorized | No Comments
The new season of cars are starting to roll onto dealership lots, and if a new car is in your future this year you may want to consider buying a…

The IRS Adjusts Lookback Period for Pandemic-Era Tax Refunds

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Did you file a 2019 or 2020 tax return during the pandemic? If so, it’s possible that if you filed in the postponed periods between April 16, 2020, and July…