The Internal Revenue Service has begun sending letters to more than 10,000 cryptocurrency holders, warning they may have broken federal tax laws. According to the Wall Street Journal, the agency wasn’t specific about the possible violations it was reviewing, but those who hold digital currencies could be subject to a variety of taxes, especially on …

IRS Sending Warning Letters to More Than 10,000 Cryptocurrency Holders Read More »

File an Extension if Needed! As the April tax-filing deadline nears, many taxpayers may rush to finish their tax returns or find they need extra time to get them done. The IRS recommends that taxpayers file for an extension if they need one. Filing an extension will help taxpayers avoid paying penalties for filing a late return. …

Rushing to file taxes can result in errors Read More »