Uniswap is a decentralized crypto exchange that gives users the capacity to trade ERC 20 tokens. This is a unique exchange that stands out from traditional exchange, such as coinbase,...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 06/10/2020
The IRS have issued a new guidance on taxation all type of cryptocurrency. The guidance clearly states out the all the below revenue rulings: The cost basis assignment on a gifted...
Posted by YourIRSTaxAdvocate.com on 11/05/2019
It’s important to learn how to calculate cost basis if you own a real estate business. Calculating your annual depreciation deduction requires the basis. It’s also needed...
Posted by LLOYD J CAZES CPA on 11/05/2019
The cost basis for real estate as defined by the tax law of the United States of America as the original cost of real estate, adjusted for factors such as depreciation; it is the historical...
Posted by John Pournaras Agency on 10/31/2019
Are you planning to sell something such as a share of stock, for more than you paid for it? Then you’re generally going to be taxed on the value that increased. The term “capital...
Posted by YourIRSTaxAdvocate.com on 09/30/2019
If you’re a homeowner, you may qualify for a federal tax credit provided that you made improvements or installed appliances designed to maximize the energy efficiency of a home....
Posted by John Pournaras Agency on 06/25/2019
As a result of the changes in the tax rules, dividend income and capital gains have gained much more attractive as streams of passive income for investors who are in the bracket of...
Socking money away into a high-interest kids savings account is a good place to start if you want to give your child a brighter future, and even better, when it’s tax-free. There...
Taxpayers trading cryptocurrency may have forgotten about taxes after Bitcoin’s exciting coming-out party in 2017. However, for U.S tax purposes, almost every bitcoin or other...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 01/22/2019