Electric car sales broke records in 2021 and have remained consistent in 2022. Sales of electric cars, including fully electric and plug-in hybrids, doubled in 2021 to a new record of 6.6 million sales. Taxpayers who purchase qualifying electric cars…
According to the IRS, virtual currency is “a digital representation of value that functions as a medium of exchange…” However, it does not have legal tender status in any jurisdiction of the United States. Virtual currency is used similarly to…
As a result of substantial pressure by U.S. tax authorities on banks in the United Kingdom, many British citizens born in the United States are currently at risk of having their accounts in British banks frozen. The Brits involved are…
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At Thorgood Law Firm in New York, we are IRS attorneys dedicated to bringing legal counsel to taxpayers across the United States.
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