Tax Forms

Virtual Currency Even though the IRS introduced a check box related to virtual currency on Form 1040 individual tax returns a few years ago, taxpayers and tax return preparers may still be confused when this box needs to be checked ‘yes’ or ‘no’. This year’s version of the check box question asks taxpayers whether they […]

Virtual Currency Even though the IRS introduced a check box related to virtual currency on Form 1040 individual tax returns a few years ago, taxpayers and tax return preparers may still be confused when this box needs to be checked ‘yes’ or ‘no’. This year’s version of the check box question asks taxpayers whether they

Don’t panic! It is important to remember – not all correspondence from the IRS necessarily contains bad news. It is the IRS’s responsibility to make sure your tax return is as accurate as it can be while it is processed and verified. These verification checks can include anything from finding and fixing basic mathematical errors

So, you have a new puppy and are intending to show it to its championship and then establish a breeding program with that new star! Great idea, but you need to know a lot of tax facts before you decide that you are in the business of breeding future champions. The Differences Between a Business

What’s up, everybody? It’s your boy, Brandon Copeland, aka Professor Cope, and you are now tuned in to another special episode of Cope’ing With Money. So, it is tax season, and I have been on record time and time again saying that I know we’ve put a lot of focus on investing and budgeting, and

Military Tax Help This filing season, the Taxpayer Advocate Service wants to remind military members and their families about available free tax filing related resources. These resources include tax preparation and electronic filing options, personalized support from tax consultants, and more. MilTax MilTax, a program delivered through the Department of Defense’s Military OneSource program, offers

There’s one more thing you may want to consider adding to your tax prep to-do list: Filing an income tax return with the city where you normally would be at work if it weren’t for COVID-19. For some workers, it could mean a fat refund. For others, it may not be worth the headache of assembling all

Digital Payment Applications & Taxes Here’s something important to pay attention to this year if you use certain cash applications to send or receive money from others for something other than business transactions. After a night out with friends, some of whom didn’t come with cash, the group decides that one person pays, and the