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The IRS is targeting business transactions in bitcoin and other virtual currencies

Bitcoin, Federal Income Tax, Form 1099-Misc, Internal Revenue Service, Virtual Currency / Douglas Freeman

Bitcoin and other forms of virtual currency are gaining popularity. But many businesses, consumers, employees, and investors are still confused about how they work and how to report transactions on their federal tax returns. And the IRS just announced that it is targeting virtual currency users in a new “educational letter” campaign. The nuts and […]

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Why you shouldn’t wait to file your 2018 income tax return

2018 Tax Return, Income Tax, Individual Income Tax, Internal Revenue Service, Tax, Tax Cuts and Job Acts (TCJA), Tax Identity Theft, Tax Planning / Douglas Freeman

The IRS opened the 2018 income tax return filing season on January 28. Even if you typically don’t file until much closer to the April 15 deadline, this year consider filing as soon as you can. Why? You can potentially protect yourself from tax identity theft — and reap other benefits, too. What is tax

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