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 convertible...

read more

Texas Wayfair Sales Tax Updates

TEXAS TAX RESPONSIBILITIES AND RESOURCES FOR SELLERS AFTER WAYFAIR As a result of the U.S. Supreme Court’s June 21, 2018 decision in South Dakota v. Wayfair, Texas businesses selling items or services into other states may be required to collect taxes for those...

read more