by Stephen Griffin | May 24, 2021 | Tax Accounting
Do I Pay Taxes on Cryptocurrency? Do I pay taxes on cryptocurrency? Did someone pay you in virtual currency? If you were paid with virtual currency for goods or services, then, yes, that payments is taxable income. Was your cryptocurrency received in an airdrop or in...
by Stephen Griffin | May 18, 2021 | Tax Accounting
Tax Implications of Cryptocurrency Just as “dollars” are the representation of United States currency, “coins” are the representation of cryptocurrencies. While you cannot hold crypto coins in your hand – they are virtual only, stored online – they are, nonetheless,...
by Jessica Benjamin | May 9, 2021 | Tax Accounting
IRS Says The Expanded Child Tax Credit for 2021 Will Start in July The American Rescue Plan Act (ARPA) signed into law by President Joe Biden in March includes a provision for expanding the child tax credit for 2021. Expanded Child Tax Credit to Provide Monthly Checks...
by Stephen Griffin | May 5, 2021 | Tax Accounting
Where’s My 2020 Tax Refund? If you’re wondering where your tax refund is, you’re not alone. Even with the federal tax filing deadline extended, millions of Americans filed early well before the historical April 15th due date and are still waiting for their tax...
by Stephen Griffin | Apr 9, 2021 | Tax Accounting
Unemployment Tax Break Means up to $10,200 Tax Free Before the American Rescue Plan Act (ARPA) was signed on March 11, 2021, unemployment compensation was taxable income, and now ARPA provides a new federal tax break for unemployment benefits received in 2020. It now...
by Stephen Griffin | Apr 8, 2021 | Tax Accounting
It Might Be Time To Do a Paycheck Checkup Who should do a paycheck checkup? A paycheck checkup is done to check your withholdings and to make sure you’re not significantly overpaying or underpaying your payroll taxes with every paycheck. The IRS provides a Withholding...
