There is a lot of confusion surrounding the taxation of pass through income versus salaried earnings as US taxpayers assess their positions after tax reform. This is far from "finished" and a wild roller-coaster ride is about to ensue for many US taxpayers. How will you know what to do? ...
IRS and Bitcoin – Do Crypto Currencies Need to be Reported on the FBAR
The IRS believes that virtual currencies such have Bitcoin have become a tool in tax evasion, and the agency is signalling more enforcement actions and IRS audits in the coming months. The real question many crypto currency investors must consider is do crypto currencies need to be reported on the...