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When to Consider the IRS Streamlined Procedures

What are the IRS streamlined filing compliance procedures (known more commonly as the “streamlined procedures”), and when should a US taxpayer consider the IRS streamlined procedures to come into compliance with IRS reporting requirements?  US taxpayers have been required to disclose offshore accounts and foreign financial activities to the IRS...

What is Known as the IRS Survivor’s Penalty?

What is known as the IRS survivor’s penalty, and is there anything that can be done to provide for a surviving spouse as we age?  The “survivor’s penalty” is the likelihood that a surviving spouse will face higher federal and state taxes when simply changing their status from “married filing...

How Will the New Crypto Tax Proposal Potentially Affect Your Current Digital Strategy?

How has the administration’s new crypto tax proposal affect your current digital strategy?  How do recent price surges in many cryptocurrencies affect the taxable events of US taxpayers? The value of many cryptocurrencies has been trending substantially upward over the past three months.  Many of the most popular cryptocurrencies outside...