More businesses have issued new types of tokens which present different tax implications for holders. A security token offering represents a taxable event. Purchasers of security tokens must take into account the regulatory changes taking place not only for conventional cryptocurrencies but also security tokens. Read More
Gaining an in-depth understanding of both state laws and Federal laws helps to reduce the risks of making costly errors when reporting taxes. More states are creating laws that affect how taxation should be paid for cryptocurrencies. While this makes it harder to keep up with tax obligations, there are several benefits to keeping in the know of both Federal and State tax laws. Some states offer more favourable tax laws on cryptocurrencies, which may help one in creating strategies to legally lower their tax obligations. Read More
Cryptocurrency investors feel the heat as tax laws on cryptocurrencies increase. As a result, more investors consider offshore options as viable means of reducing tax obligations. Second residencies and passports are on the cards for such investors who are dealing with increasing bouts of uncertainty in relation to tax laws on cryptocurrency. Read More
As W-2s and 1099s begin arriving in mailboxes around the country, it’s a clear sign that tax filing season is upon us. As a result, savvy taxpayers work diligently to keep their burden as low as possible, limiting their bill or allowing them to secure a larger refund. Tax breaks can be an excellent way to limit your liability, but only if you know they are available (so you can claim them). Here are seven surprising tax breaks that actually exist and are worth exploring.
By now, most people have filed their taxes. That means you likely know whether you are getting a refund or may have one already.
Tax refunds can be substantial, so figuring out what to do with that windfall can be challenging. Luckily, a refund is a chance to take some positive financial strides that can help you well into the future.