Tax Blog
Tips to help you prepare for tax season
The latest tax tips and news from Chau Tran CPA PLLC
Tax Audit: How to Stop Worrying in Five Easy Steps
If you’re losing sleep over the possibility of a tax audit, put your mind at ease. Here are five reasons you might want to stop worrying.
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Mid-Year Business Tax Review: Maximizing Tax Efficiency
Perform a mid year tax review of your business activities including tax liabilities to optimize savings and spending for the next tax season.
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IRS Unveils 2024 Nationwide Tax Forum Agenda with 45 Seminars
The Internal Revenue Service (IRS) has announced the agenda for the 2024 Nationwide Tax Forum, which will feature 45 seminars aimed at enhancing the s
Reporting Exchanges of Crypto for Real Currency in Your Tax Return
Understanding the consequences of selling cryptocurrency for real currency is essential for crypto investors navigating their United States federal income tax. Here's a closer look at how to report these transactions: Understanding Cryptocurrency as Property: The IRS...
How to Report Cryptocurrency on Your Tax Return
Cryptocurrency has become increasingly popular in recent years. However, many people remain unsure about how to report them for on their income tax. In the American taxpayers, the Internal Revenue Service (IRS) provides guidance on how to report cryptocurrency...
ERC Voluntary Disclosure Program Deadline is March 22
Many businesses, enticed by misleading information, have found themselves unwittingly in non-compliance with ERC regulations. The IRS has urged tax pr