Cryptocurrency once seemed like a safe haven from the complications of the IRS, but all that has changed. While miners and traders have technically always
Owning a business can be deeply satisfying, but it comes with all kinds of tax annoyances — including payroll taxes. Not only do you need
The old cliché referencing death and taxes as the only constants in life may, unfortunately, apply to the modern cryptocurrency market. Bitcoin and other forms of
As a business owner, you may struggle to keep up with the myriad of obligations you hold to the IRS. From forms to withholdings, and
The IRS Offer in Compromise can prove a valuable source of tax relief, but it’s not ideal in every situation. This program is inherently difficult
As an employer, you are required to withhold specific types of taxes from your employees’ paycheck. These taxes must be reported in detail via IRS
In an age of independent contractors and freelancers, it can be difficult for businesses to know whether workers should be classified as employees. This designation
All taxpayers fear the dreaded audit — but most are fortunate enough to avoid this complicated process. If, however, you’ve enjoyed unprecedented cryptocurrency success, an
The IRS penalty abatement is a great option for avoiding hefty tax fines, but unfortunately, it’s not available to all taxpayers. Thankfully, other options exist.
With the IRS increasingly cracking down on crypto traders, many enthusiasts are eager to obscure their investments in hopes of minimizing their tax burden. This
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