Update on 1040 Virtual Currency Question
On the 2020 Form 1040 we are required to answer this question: "At any time during [the prior year], did you receive, sell, send, exchange, or otherwise acquire any financial...
22 March, 2021
tax tips Tag
9 Important Tax Topics for Individuals and Business Owners in 2021
(authored by RSM US LLP) Managing significant tax changes will ensure individuals and businesses are positioned for success for the remainder of 2021 and beyond....
17 March, 2021
IRS CP59 Notices
Authored by the IRS | February 18, 2021Earlier this month, the IRS issued notices to approximately 260,000 taxpayers stating they haven’t filed their 2019 federal tax return. These notices, referred...
01 March, 2021
IRS Extends Tax Deadlines for Texas Winter Storm Victims
Authored by the IRS | IR-2021-43, February 22, 2021Victims of this month's winter storms in Texas will have until June 15, 2021, to file various individual and business tax returns...
23 February, 2021
FBI Sees Spike in Fraudulent Unemployment Claims
Authored by FBI National Press OfficeThe FBI has seen a spike in fraudulent unemployment insurance claims complaints related to the ongoing COVID-19 pandemic involving the use of stolen personal identifiable...
08 February, 2021
Virtual Currency – Reporting & Enforcement Update
2020 has been a year we would all like to forget in many ways. But it has been a banner year for the virtual currency world. After a slow and...
07 February, 2021
2020 COVID Relief Affecting Individual Taxpayers
Tax Season is here. Before you gather and submit your 2020 tax information, here are a few things you need to know. Below is an overview of key provisions in...
26 January, 2021
Dec. 2020 Stimulus Payments
Recovery Rebate Stimulus Payments and Credits December 2020 Stimulus PaymentsThe bill provides a refundable tax credit in the amount of $600 per eligible family member. The credit is $600 per...
06 January, 2021