Cryptocurrency and Taxes

Did You Make Money with Cryptocurrency? How to Get Right with the IRS   For early adopters of Bitcoin, Ethereum and other popular cryptocurrencies, the profit potential has been simply stunning. While there have been some heart stopping moments and frightening...

Forgiven Debt? You may owe taxes!

Did You Know You Might Owe Taxes On Debt That’s Forgiven? Here’s How It Works.   When you owe creditors money that you can’t afford to repay, sometimes you may be able to get the debt forgiven or otherwise canceled. When this happens, you no longer...

What is an IRS Levy?

What is a Levy? IRS and Other Asset Levies Explained   Falling behind on your debts is never a fun place to be. It’s less fun when a levy is placed on your assets. In this article, we take a look at what an IRS levy is, why it happens, and what you can do about...

5 Common Tax Filing Mistakes

Avoid These 5 Common Tax Filing Mistakes That Can Get You In Tax Trouble Whether you file the simple 1040EZ or a complex 1040 and a raft of schedules, making a mistake on your tax form could lead to big tax trouble. Something as simple as a math error or unsigned form...