Affluent homeowners in Los Angeles are already searching for ways to avoid a new property sales tax. Several weeks ago, LA voters backed a new measure that affixes a one-time transfer tax to property sales totaling more than $5 million. Almost any legal professional,...
Tax lawyers in San Jose are reiterating that this year, any transaction exceeding $600 that taxpayers receive through Cash App, PayPal, Venmo, or other similar entities, must be reported to the Internal Revenue Service. A reminder was issued earlier this week by the...
A crypto tax attorney would probably be the first to tell you that a crackdown is underway by the Internal Revenue Service. This is because it has discovered that it may actually be forfeiting as much as $50 billion annually in unpaid taxes from those who regularly...
Any tax attorney would likely agree that virtual currency, such as bitcoin, litecoin, and ethereum, is an ongoing subject of interest for the Internal Revenue Service. Furthermore, many filers may have noticed a new question on their tax return last year referring to...
