How to avoid capital gains tax on cryptocurrency?
Yes, you generally pay tax on your meme crypto gains. But here’s six ways to avoid capital gains tax on cryptocurrency.
What is the difference between civil and criminal tax fraud?
The difference between civil and criminal tax fraud can mean the difference between a monetary fine and years in jail.
Are penalties and interests tax deductible?
Unfortunately, IRS penalties and interest are not tax deductible. Learn about the different type of IRS penalties.
How does crypto staking get taxed?
Crypto staking rewards are taxable. But there are ways to save, and at least one federal court case seems to indicate things may change.
Types of tax fraud
There are many different types of tax fraud. Some will subject you to monetary fines and penalties, while others will lead to jail time.
How to Fix FBAR Errors?
There are several ways to fix an FBAR error. But some options are better than others (and some increase you chance of audit).
What happens if FBAR is filed Late
Late FBAR filings can be subject to a $10,000 penalty. Or, potential criminal consequences if the failure to file is intentional.
How FBAR Joint Account with a Non-US Citizen Works
Even if your spouse isn’t technically the owner of the account, the IRS still considers them to be a beneficial owner because they can access the funds.
How to File FBAR for Previous Years?
One way to catch up with your payments is through the Streamlined Filing Program or the Delinquent FBAR Submission Procedures.
