The “Setting Every Community Up for Retirement Enhancement” (SECURE) Act was signed into law on December 20, 2019, as part of the government's spending bill. The bill puts into place provisions designed to increase access to tax-advantaged accounts and to prevent older Americans from outliving their assets…
Identity Protection PIN Opt-In Program for Taxpayers
Things to Consider When Donating
Foreign Accounts & Passports
Virtual Currency Update
In 2018, the IRS announced its Virtual Currency Compliance campaign that addresses tax noncompliance related to the use of virtual currency. According to the IRS, this past summer it began sending letters to taxpayers that potentially failed to report income and pay the resulting tax from virtual currency transactions or did not report their transaction properly…