December Deadline for “Digital Asset Safe Harbor” Approaching
The 2025 tax year will see a number of implementation changes for owners of digital assets. First, certain brokerages and exchanges will be
Beneficial Ownership Reporting Temporarily Suspended
Earlier this week, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against the requirements
Summer Tax Series Part 4: Find a Tax Professional
The summer offers both taxpayers and tax professionals an opportunity to revisit their tax situation. In the last part of the ongoing series
Summer Tax Series Part 3: Connect With Your Tax Professional
If you are working with a tax professional, the summer is a good time to connect for mid-year tax planning. Most tax professionals experience
Summer Tax Series Part 2: Review Recordkeeping Practices
Whether you are filing as a professional or recreational gambler, you must keep record of your play.
Summer Tax Series Part 1: Assess Your Current Situation
When it comes to your tax situation, it’s important to establish a baseline. The summer is the perfect time to evaluate potential current
New Reporting Requirements Impact on Professional Gamblers
Beginning in 2024, entities that are formed or registered to do business in the U.S. must comply with the Corporate Transparency Act (CTA).