Virtual Currency and Your Taxes

As the use of virtual currency increases, the IRS has continued to issue guidelines for the tax treatment of virtual currency, along with clarification of what it is considered virtual currency.  The IRS has stated “in general, the sale or exchange of...

2020 and the need to update your W-4

As the TCJA removed exemptions in favor of an increased standard deduction, many taxpayers found themselves under withheld on their wages. To transition from the old tax system into the new one, the IRS recently released new withholding tables and updated Form W-4 for...