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Category: Tax Planning

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Expansion and Extension of Employee Retention Credit

Expansion and Extension of Employee Retention Credit The Consolidated Appropriations Act of 2021 passed by Congress in late December 2020 expands and extends the employee retention credit enacted to

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Taxing Issues Related to Cryptocurrency

Written by Jay Logal The IRS has made cryptocurrency (bitcoin) a hot button topic. They recognize that taxpayers are not reporting transactions involving bitcoin, and

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How to Calculate the Kiddie Tax

A child with earned income above a certain dollar amount is generally required to file their own individual tax return. However, a child with a