Important Crypto & Virtual Currency Update

๐“๐ก๐ž ๐ˆ๐‘๐’ ๐ก๐š๐ฌ ๐ฆ๐จ๐ฏ๐ž๐ ๐ญ๐ก๐ž ๐ฏ๐ข๐ซ๐ญ๐ฎ๐š๐ฅ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐œ๐ฒ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง from Schedule 1 of the 2019 Form 1040 to the first page of the 2020 Form 1040 and Form 1040-SR. The question asks, “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial...

Final Regulations on Like-kind Exchanges

The IRS has released final regulations (TD 9935) addressing Section 1031 like-kind exchanges. The final regulations adopt, with modifications, proposed regulations (REG-117589-18) issued in June 2020 and implement the TCJA’s limitation of Section 1031 treatment...

Tax Q&A

Tax Questions & Answers – Need an answer to a tax question or what if? Here is your chance to ask one of our professionals. You can also use this Blog to tell us your tax story good or bad. We want to hear your ideas, questions, and concerns. We will also...