Those who are fortunate enough to be successful investors generally know that when it comes time to cash in on their profits, the IRS is ready and waiting for its share. Capital gains taxes are ...
With the explosive volatility of Bitcoin and other cryptocurrency prices over the past few years, you may be sitting on some sizable capital gains or losses. You’ll need to report those to the IRS ...
If you sell stocks at a profit, you will owe taxes on those gains. Depending on how long you’ve owned the stock, you may owe at your regular income tax rate or at the capital gains rate, which is ...
Uphold and TaxBit have partnered to tackle a surge of automatic audits that have been triggered by the issuance of 1099-K forms for individuals trading cryptocurrency. Starting last year, ...
In an attempt to balance the budget and close the “tax gap,” Congress, the Obama administration and the IRS are on a mission to intimidate Americans into reporting ALL their income and accounting, ...
Despite noteworthy gains in the U.S. labor market, 2022 has been fraught with economic uncertainty. Everything from high inflation to steep stock market declines, including recent lows for the S&P 500 ...
A recent survey from CreditWise found that finances were a top stressor for 73% percent of people, with money beating out politics, work and family when it comes to factors that cause stress in people ...
There are hundreds of tax forms and schedules published by the IRS. This post discusses some of the most frequently used tax forms and schedules applicable to cryptocurrency holders in the US. These ...