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What Happens if You Don’t Report Cryptocurrency on Taxes?

inDinero Tax Tips

The anonymous and decentralized nature of blockchains have led many to believe their crypto trades are hidden from the government. Bitcoin Tax Rate: What You Need to Know As the popularity of cryptocurrency grows, so does the scrutiny of tax authorities. Do You have to pay taxes on cryptocurrency gains?

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Guide to taxes for U.S. citizens living abroad

ThomsonReuters

Paying taxes on money earned abroad Avoiding double taxation Helping clients who live abroad with their taxes U.S. income tax returns, just like individuals living in the United States. However, the tax obligations for expats can be different and more complex due to their international status. tax return.

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Guide to accountant responsibilities

ThomsonReuters

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? So, what are the differences?

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What Happens if You Don’t Report Cryptocurrency on Taxes?

inDinero Tax Tips

The anonymous and decentralized nature of blockchains have led many to believe their crypto trades are hidden from the government. Bitcoin Tax Rate: What You Need to Know As the popularity of cryptocurrency grows, so does the scrutiny of tax authorities. Do You have to pay taxes on cryptocurrency gains?

Tax 52
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Overview of U.S. taxes on foreign income for individuals

ThomsonReuters

Jump to: What is foreign income? How to report foreign income What is Form 1099-DIV? Tax implications for owning property abroad What is FATCA? Helping clients with foreign income tax forms For U.S. citizens living abroad or earning income from foreign sources, questions often arise on how the U.S.

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Foreign asset reporting and Form 8938 explained

ThomsonReuters

For accountants, understanding how to navigate foreign asset reporting is essential, as the IRS requires taxpayers to report certain foreign assets to ensure compliance and combat tax evasion. If you work with individuals and businesses with financial interests abroad, Form 8938 may be required. Report foreign income.

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The R&D Tax Credit and Payroll-Tax Offset Swirl: It’s A Tax Treat for Qualified Small Businesses

inDinero Tax Tips

The R&D tax credit is a dollar-for-dollar credit against taxes owed in a given year so long as it can show that it is conducting qualified research activities. The credit calculation was designed so that the government subsidizes additional research that your company would not otherwise have undertaken.