KRD Thoughts on the Pending Reconciliation Bill
On August 24, 2021 the House voted to approve the fiscal year 2022 budget resolution that provides reconciliation instructions for the massive human infrastructure bill.
Cryptocurrency and Virtual Currency Tax Guidance
Virtual currency transactions are taxable by law just like transactions in any other property. The IRS is aware that some taxpayers with virtual currency transactions may have incorrectly reported or failed to report income and pay the related tax. Therefore, it is actively addressing potential non-compliance in this area. Millions of taxpayers may find themselves […]
