The recent bankruptcy of several cryptocurrency platforms, including Celsius and FTX, has raised questions about how the IRS tax code applies to these unique situations.
The tax code generally permits claiming deductions or losses once the loss is complete and known. However, for these bankruptcy proceedings, you must still satisfy both criteria.
If you work for yourself and get paid through online payment services like PayPal or Square, you might receive a form called a 1099-K. This form shows how much money you received through that service during the previous year.
Even though it might seem like just another boring tax form, it’s actually really important to understand what it is and how to use it for your taxes.
If you’re a content creator on OnlyFans, you may seek ways to earn a quick buck. But before making money on the platform, you must understand OnlyFans taxes. The IRS has recently started contacting OnlyFans content creators regarding potential criminal investigations.
In this blog post, we’ll dive into the world of OnlyFans’ taxes implications to help you understand what you need to know to stay on the right side of the law.
Did you just learn about FBAR filing requirements? Are you worried that you should have filed one and scared about what will happen if you don’t?
Are you thinking of becoming a rideshare driver for Uber or Lyft? Great idea! Not only is it a flexible way to earn extra cash, but it’s also a fun way to meet new people and explore your city. However, before you hit the road, it’s important to understand the Uber and Lyft tax implications of being a self-employed driver. Don’t let taxes put a damper on your earning potential.
In today’s digital age, more and more people are using money-transferring apps like Venmo, PayPal, Cash App, and Zelle to transfer money to friends, family, and businesses.
While these apps are convenient and easy to use, they may also come with tax problems.
For non-cash charitable contributions to a 501(c)(3) organization, taxpayers often need clarification about the rules and regulations surrounding the deductions they can claim on their taxes. One area of confusion is the requirement for a qualified appraisal for cryptocurrency contributions.
Fill out this form to schedule a confidential consultation with one of our highly-skilled, aggressive attorneys to help you tackle any tax or legal problem.
Or, you can call us at
Submit your information to schedule a confidential consultation, or call us at (847) 580-1279