“The 2019 Tax filing season left many taxpayers unhappy when filing their 2018 tax returns. Many people who typically received refunds in prior years found that their refund was much smaller, and in some cases had an amount due. As a result, the IRS has issued a new...
The answer to this question is more complicated than it sounds. Accounting Today, a leading information resources used by accountants, published an article on April 28, 2022, that stated “About 70% of Americans — or those earning less than $73,000 in 2021 — are...
Cryptocurrency: The New King of Cash Since 1985, Sec. 6050I of the Internal Revenue Code (IRC) mandates an information return for persons who receive more than $10,000 in cash in a transaction or a series of two or more related transactions, in their trade or...
