by Sal Schibell | Jan 17, 2022 | News, Tax Tips
As it is with anything new, the IRS is playing catch up and trying to figure out the best way to handle income gained through the sale and trading of cryptocurrency. If you traded on any crypto market in 2021, your 2021 tax return might look a little different this...
by Sal Schibell | Dec 27, 2021 | News
Tax is a complicated gray area that the average person isn’t fully equipped to handle, and that’s ok–it’s why LRSCPA is here to help. As 2021 wraps up and we head into filing season, it’s important to stay on top of your finances and avoid a few mistakes that could...
by Sal Schibell | Dec 7, 2021 | News
2021 is coming to an end, but you still have time to take advantage of a few new and old tax laws to make your tax return more favorable for you. Defer Your Income Why pay tax on something today that you can pay tomorrow? If you think you will be in the same or a...
by Sal Schibell | Nov 17, 2021 | News
Every year, new legislation, changing culture, and other external factors affect how taxes are received and processed by the IRS. It’s going to be no different when you file your taxes in 2022. Here are five of the new tax laws that we think you should be cognizant of...
by Sal Schibell | Oct 27, 2021 | News
The Biden administration’s new proposal would give the IRS the ability to monitor bank accounts with more than $600 in them or with a total annual cash flow of more than $600. This includes personal checking accounts–but don’t worry just yet. The proposal is still in...
