The IRS is warning taxpayers about fake letters aimed at cryptocurrency holders. The letters claim you must register for an IRS “Digital Asset Compliance Portal” by a deadline—but that portal does not exist. The letter may include a QR code that takes you to a fake website designed to look like IRS.gov. Do not scan
Cost Segregation is one of the big words use by tax gurus and tax strategists to potentially make you pay less taxes. Cost segregation is simply accelerating depreciation on real estate assets that are usually subject to 27.5 residential and 39 commercial to some items (parts of the building) at 5, 7 or 15 years
In the IR-2022-45, the IRS reminds taxpayers of their reporting and potential tax obligations from working in the gig economy, making virtual currency transactions, earning foreign-source income or holding certain foreign assets. Gig economy earnings are taxable Generally, income earned from the gig economy is taxable and must be reported to the IRS. The gig
