The IRS is a name every taxpayer and accountant hears every day. The IRS reviews the taxpayer's account and financial information to ensure the rules are followed. The IRS can...
Posted by KLSM CPA Firm PLLC on 02/08/2022
Another year has rolled around, and soon, it will be time to settle your taxes. While your various tax return forms would be coming in the mail, you will have to determine beforehand...
Posted by KLSM CPA Firm PLLC on 01/27/2022
You may have already heard about bitcoin before due to the attention the world has given to cryptocurrencies and digital transactions. But what is Bitcoin? How does it relate to how...
Posted by Karen Munoz, EA on 10/09/2021
There are currently over 1,600 different cryptocurrencies in the world. However, Bitcoin is the most popular cryptocurrency at the moment, with approximately 32 million Bitcoin wallets...
Posted by Elliot Kravitz, ATP on 06/18/2021
It all started as a funny idea that hit us like a fly on a hot summer day. In recent years, the fly has continued to buzz louder and louder and doesn't go away. The billionaires...
Posted by Flynn Financial Group Inc on 06/11/2021
Does the IRS take a large chunk of your cryptocurrency income? Maybe you traded one cryptocurrency for another at the right time and withdrew a lot of it in dollars, and now you have...
Posted by CORE PERFORMANCE on 05/29/2021
Expats, short for expatriates, are people who are based in a country other than their home country. It is sometimes believed that these people have denounced their country and decided...
Getting a fiat loan on your appreciated crypto is a great way to withdraw money without paying capital gains tax. This article will analyze several transactions associated with a cryptocurrency...
Your taxes this year may be dominated by a clear question: "At any point in 2020, did you sell, receive, send, trade, or earned financial interest in any virtual currency?"In...