Since cryptocurrencies are still relatively new, the rules that govern tax reporting of your transactions and gains or losses are in flux. Nevertheless, you must comply with all of the current rules, as you are tasked with understanding regulations before…
In July 2025, the president signed the “One Big Beautiful Bill Act” into law. This new law makes many changes to how we all pay taxes. Some of these changes are significant, especially for people living in New York. Remember,…
As a taxpayer, you are legally obligated to file a tax return annually with the Internal Revenue Service. The IRS periodically examines its records to determine whether taxpayers have met this requirement. If the IRS cannot locate your tax return…