Tax Blog
Tips to help you prepare for tax season
The latest tax tips and news from Chau Tran CPA PLLC
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
IRS Warns Tax Preparers of EFIN Documentation Scam
Tax season is in full swing, and with it comes a surge in scams targeting tax professionals. The Internal Revenue Service (IRS) and Security Summit pa
Victims of ERC Fraud Can Use Voluntary Disclosure Program Through March 22
The Employee Retention Credit (ERC), initially introduced as part of the CARES Act in 2020 and extended through subsequent legislation, aims to provid
IRS Disaster Relief
Filing deadlines often change for taxpayers in regions that experience natural disasters. When these extreme weather events hit, the IRS frequently pr