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...
What is barter?Barter is an act of exchanging goods or services between two or more parties, sometimes more without using a monetary medium, such as physical cash or credit card. Essentially,...
What is considered a convertible virtual currency?Convertible virtual currency is an uncontrolled digital currency. Still, it can be used as a substitute for a real and legally recognized...
A cryptocurrency wave has led to the rise of Bitcoin to over $30,000 per coin, with everyone scrambling for their share of the digital currency. However, if you are interested in cryptocurrencies,...
The TCJA that was passed in 2017 significantly reduced the corporate tax rate and introduced the Qualified Business Income Deduction (QBID).The QBI deduction makes it possible to reduce...
2020 has been a unique year with lots of activities and interesting policies. With the distraction from the COVID-19 pandemic, it is easy to forget essential tax rules necessary. Also,...
Currently, there are numerous platforms in the e-commerce world that will reward you in bitcoin when you buy products or services from a list of specific suppliers. A quick Google...
The US Internal Revenue Service has postponed this year's tax day from April 15 to July 15, and that may mean that many Americans are not thinking about taxes during this difficult...
Each year, there is a change in corporate governance standards to evolve, with the rapidly changing corporate landscape and keeping pace with changing investor priorities.Board members...