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SportsCrypto Tax Rules: What You Need to Know When Preparing Your Returns in 2022
Offshore Account UpdatePosted on January 31, 2022
News
Category: Offshore Account Update - Page 15
Cryptocurrency investing exploded in popularity in 2021, and apps like Coinbase and Robinhood make it easy for individuals to invest in the digital currencies of their choosing. Unfortunately, it appears that many people jumped into cryptocurrency investing without giving due consideration to the tax implications involved. Cryptocurrency trading is a taxable activity, and buying and selling coins can result in substantial liability to the Internal Revenue Service (IRS). In this article, Boston tax lawyer Kevin E. Thorn, Managing Partner of Thorn Law Group, explains some key principles investors need to keep in mind when preparing their returns in 2022.Read More
IRS CI is Targeting Crypto Investors with Non-Tax-Related Charges
Offshore Account UpdatePosted on January 21, 2022
2021 Year in Review: What Do U.S. Taxpayers in Massachusetts Need to Know?
Offshore Account UpdatePosted on December 31, 2021
As 2021 comes to a close, many people are already looking ahead to 2022. But, as we move into the New Year (and prepare for tax season), it is important to remember some of the key lessons we learned during the year that was. In this article, Boston tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, takes a look back at some of the key topics we covered in 2021.
Read MoreIRS: Interest Rates to Remain Unchanged for Q1 2022
Articles/News, Offshore Account UpdatePosted on December 17, 2021
The Internal Revenue Service’s Criminal Investigation Division (IRS CI) recently released its Fiscal Year 2021 Annual Report. The report highlights several key aspects of IRS CI’s enforcement efforts from October 1, 2020 through September 30, 2021. Here, Boston tax attorney Kevin E. Thorn, Managing Partner of Thorn Law Group, discusses some key takeaways for U.S. taxpayers.
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