Tax Blog
Tips to help you prepare for tax season
The latest tax tips and news from Joe Tax & Business Solutions
A Brief Guide to Reporting Crypto-to-Real Currency Exchange
Understanding the implications of selling cryptocurrency for real currency is essential for individuals navigating their United States federal income tax. Here's a closer look at how to report these transactions: Understanding Cryptocurrency as Property: The IRS...
Reporting Cryptocurrency on Your Return
Cryptocurrency has become increasingly popular in recent years. However, many people remain unsure about how to report them for on their income tax. In the United States, the Internal Revenue Service (IRS) has provided guidance on how to report cryptocurrency...
Filing Income Taxes as a Day Trader
The Basics For day traders, tax season presents a maze of complex rules and regulations. Unlike traditional employees who receive W-2 forms, day traders must grapple with various forms and guidelines when filing their federal income tax. Here's a simplified guide to...
Filing Taxes with Futures and Options
What is Section 1256? In the tax world, Section 1256 contracts refer to a category of financial instruments that are subject to special tax treatment under the Internal Revenue Code (IRC) Section 1256. These contracts include: Futures Contracts: Futures contracts are...
Victims of ERC Fraud Can Use Voluntary Disclosure Program Through March 22
The Employee Retention Credit (ERC), initially introduced as part of the CARES Act in 2020 and extended through subsequent legislation, aims to provid
IRS Disaster Relief
Filing deadlines often change for taxpayers in regions that experience natural disasters. When these extreme weather events hit, the IRS frequently pr
