With the explosive volatility of Bitcoin and other cryptocurrency prices over the past few years, you may be sitting on some sizable capital gains or losses. You’ll need to report those to the IRS ...

Last year was ugly for cryptocurrencies. Even before the demise of the FTX and other cryptocurrency exchanges that have since declared bankruptcy, crypto was stressed. For many investors, the FTX ...

Source: Flickr user Frankleleon. Those who are fortunate enough to be successful investors generally know that when it comes time to cash in on their profits, the IRS is ready and waiting for its ...

Those who are fortunate enough to be successful investors generally know that when it comes time to cash in on their profits, the IRS is ready and waiting for its share. Capital gains taxes are ...

As a CPA firm preparing income tax returns for active online traders, we are spotting significant discrepancies between 2011 Form 1099-Bs provided by securities brokers – which include cost-basis ...

Dealing with capital gains and losses has been a nightmare in recent years. Those who are fortunate enough to be successful investors generally know that when it comes time to cash in on their profits ...

Even before the demise of the FTX and other cryptocurrency exchanges that have since declared bankruptcy, crypto was stressed. For many investors, the FTX scandal capped a disastrous 2022 that ...

Taxpayer files a Form 8949, which accounts for new IRS cost-basis reporting rules required on securities-broker-issued Form 1099-Bs. As an active investor, taxpayer has hundreds if not thousands of ...