IRS reminds taxpayers to report virtual currency transactions

IRS reminds taxpayers to report virtual currency transactions

According to a news release today by the IRS, taxpayers who do not properly report the income tax consequences of virtual currency transactions can be audited for those transactions and, when appropriate, can be liable for penalties and interest. In

Taxing Foreign Partners

Tempe Tax Tax & Bookkeeping Service

After reading this article this morning, we as tax professionals really have to be on top of the new rulings that come out. In this article the law had the ability to realize that the company did not owe simply