Got crypto? Make sure it’s reported on your 1040

The cryptocurrency world is changing rapidly and its popularity is soaring. In late 2021, the crypto market hit $2.9 trillion – and the IRS is trying to keep up. Those who invest in virtual currency need to be aware the IRS requires individuals to report income and capital gains from cryptocurrency on their 1040 tax […]

Tax changes on tap with two infrastructure bills

Two significant infrastructure bills are making their way through Congress. Earlier this month, the Senate approved a $1.2 trillion “hard” infrastructure bill and will begin negotiations soon on a much larger $3.5 trillion “soft” infrastructure bill that serves as the outlines of the 2022 budget resolution. Both measures will undergo the political “sausage making” process […]