Tax Pro Plus
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Los Angeles, CA 90064
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- Tax Information Reporting Requirement for Cryptocurrency Added by Infrastructure Bill
- Over the last 3 years, the Internal Revenue Service has been engaged in a virtual currency compliance campaign to address tax noncompliance related to cryptocurrency use. The IRS’ efforts have included outreach to taxpayers through education, audits of taxpayers’ returns and even criminal investigations.
- Video tips: Tax Benefits for Holiday Gifting
- Do you know thoughtful holiday gift-givers can receive tax perks? Watch this video to learn more.
- Start 2022 Off Right: Clean Up QuickBooks
- Is Your QuickBooks company file ready for 2022? 3 things you can do to put things in order.
- Tax-Free Gifting
- If you are fortunate enough to have an estate large enough to be subject to the estate tax upon your death, you might be considering ways to give away some of your wealth to your family and loved ones now, thereby reducing the estate tax when you pass on. This tax strategy may be more important this year than it has been in the last few years, because legislation being considered by Congress would reduce the lifetime gift and estate tax exclusion by about half while retaining the annual gifting exclusion.
- Video tip: Tax-Advantage Saving Plans for Higher Education
- The federal tax code provides two beneficial saving plans that allow tax-free withdrawals for qualified education expenses. Watch for more details.
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