There are a few key things to know about Bitcoin for tax purposes this year. First, if you’re new to cryptocurrency, the IRS considers it “property” and it is taxed when you cash out of Bitcoin you own, or when you trade or barter cryptocurrency for any good, service or non-currency property. If … [Read more...] about Cryptocurrency and the IRS: What You Need to Know
Pay Your Taxes or You May Be Grounded
Starting in January 2018, the IRS is toughening up on taxpayers who are ‘seriously delinquent’ on tax debt by implementing new procedures that will put their passport in jeopardy. The IRS is notifying the U.S. State Department of these delinquent tax debts so that the State Department will deny the … [Read more...] about Pay Your Taxes or You May Be Grounded