Digital Assets

The Internal Revenue Service recently reminded taxpayers that they must again answer a digital asset question and report all digital asset-related income when they file their 2022 federal income tax return, as they did for fiscal year 2021. The term “digital assets” has replaced “virtual […]

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Extended Payment Due Dates

IRS issued the following statement late Monday regarding balance due notices  Statement:  Balance Due Notice Mailings: Due Dates Extended to Help Taxpayers Due to the COVID-19 pandemic, the IRS was unable to mail some previously printed balance due notices as a result of office closures. […]

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