How Do Cryptocurrency Gains Impact Tax Law?
Cryptocurrency gains can be lucrative, but they can also come with hefty tax implications. If you’ve made money trading,…
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Should You Amend a Tax Return or Make a Voluntary Disclosure if You Have Unreported Income Tax Return?
The IRS is cracking down on tax cheats. The agency is requiring more and more taxpayers to file tax…
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Buying Cryptocurrencies? The IRS is Very Interested in Your Taxes
The United States government has recently taken a keen interest in cryptocurrencies as they become more prevalent in the…
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Understanding How the IRS Conducts Tax Audits?
The Internal Revenue Service (IRS) is the federal agency in charge of collecting taxes from individuals, businesses, trusts, and…
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Differences Between Criminal Tax Penalties And Civil Tax Penalties?
It is easy to confuse criminal tax penalties and civil tax penalties. Both penalties are imposed for tax violations.…
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Statute Of Limitations & Exceptions For IRS Audits Explained
The IRS has the ability to audit you at any time. It is part of their job to make…
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What Is An IRS Summons And How To Respond?
An IRS summons is a potential concern for many taxpayers. If you are summoned by the IRS, it’s important…
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Getting Audited by the IRS? What to Do Next?
Audits can be challenging to prepare for. This is especially true if you don’t know what type of audit…
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Understanding the Difference Between Tax Liens and Tax Levies
Understandably, many people get confused trying to make sense of tax liens and tax levies. Read our guide below…
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IRS Charges Penalties for Improper Deduction on Tax Return
Did you know that the IRS charges penalties for claiming certain deductions on your tax return? For example, if…
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How Are Tax Fraud Violators Punished in Florida?
Tax season is here, which means there is a chance you will make mistakes when filing your taxes this…
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Tax Audit FAQ: Common Issues When Dealing With the IRS
Tax season is upon us, and that means the potential for audits is high. If you’re like most business…
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