cryptocurrency

Home|Tag: cryptocurrency

Do not get fooled – The IRS has plenty of resources and talent

You might have hear derogatory terms to refer to the IRS agents or to the entity in general, like "in my audit, I just threw them a bone to leave me away". However, this is nothing farther from the truth as in the recent years, the funding has been increased and the IRS employees has

By |2024-11-12T17:25:47+00:00November 11th, 2024|Categories: Business, Individuals|Tags: , , , , , , , , , , |

IRS reminds to report gig economy, crypto, foreign income and assets

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

By |2024-11-18T00:06:23+00:00March 12th, 2022|Categories: Individuals|Tags: , , , , , , , , , |
Go to Top