by Pierre Philantrope | Jul 6, 2022 | Tax Tip
Cryptocurrency such as bitcoin is all the rage these days. Crypto is not legal money. It is property, similar to gold. Like gold, its use can result in taxable income. The IRS is concerned that you and millions of Americans are using crypto without paying tax on the...
by Pierre Philantrope | Jun 29, 2022 | Tax Tip
The Internal Revenue Service send notices to taxpayers in many situations after filing a tax return or when they did not file. Unfortunately, many taxpayers ignore the notices resulting in some severe consequences. Taxpayers must answer to correspondence from the...
by Pierre Philantrope | Apr 6, 2022 | Tax Tip
Every tax year million of taxpayers leave unclaimed money for the Treasury. Almost $1.5 billion unclaimed tax refunds may be waiting for an estimated 1.5 million taxpayers who did not file a 2018 tax return, according to the Internal Revenue Service. The unclaimed...
by Pierre Philantrope | Mar 16, 2022 | Tax Tip
Taxpayers Save in Taxes by Claiming the Foreign Tax Credits. Your tax filing obligations follow you worldwide. However, there are several tax rules to avoid double taxation and to lower your tax liabilities. Taxpayers should keep track of their worldwide financial...
by Pierre Philantrope | Feb 23, 2022 | Tax Tip
Tax returns could be very complicated for taxpayers. Regardless of the level of complication, all taxpayers could tremendously benefit by reviewing their tax return, knowing their tax return, and by asking questions. Hiring a tax preparer to prepare a tax return does...
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