Cryptocurrency has become an extremely popular way to buy and sell goods and services. It has also become an enticing investment opportunity for many new investors. However, as the world becomes more and more interconnected, cryptocurrency has taken center stage. Many...
Month: March 2021
Cryptocurrency and taxes should be understood when filing
Bitcoin and other forms of cryptocurrency are growing in popularity in Maryland, Washington D.C. and across the world. People who are using this new form of currency may be excited about being involved in a potential game-changer that will be prominent in the future....
Latest updates from the IRS
Employers to Defer WH Tax DEPOSITS(Notice 2020-65, 2020-38 IRB 1). Employees who earned less than $4,000 in wages every two weeks between 9/1/20 and 12/31/20 are able to use this deferral. With this deferral, the employer is required to pay all applicable taxes...
What is an offer in compromise?
Federal taxes are a regular and unenjoyable occurrence that Americans deal with every year. As spring approaches, individuals who live in the DC metro area pull together their income documents to file their taxes, receive their refunds, or pay their tax bills. For...