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Did You Make Money with Cryptocurrency? How to Get Right with the IRS

November 17, 2020 by Kelly Monahan, EA

Did You Make Money with Cryptocurrency? How to Get Right with the IRS

  For early adopters of Bitcoin, Ethereum and other popular cryptocurrencies, the profit potential has been simply stunning. While there have been some heart stopping moments and frightening ups and downs, the clear long-term trajectory has been upward.   If you are one of those early adopters who profited from the rise in cryptocurrency values, […]

Filed Under: Tax Issues

Avoid These 5 Common Tax Filing Mistakes That Can Get You In Tax Trouble

October 25, 2020 by Kelly Monahan, EA

    Whether you file the simple 1040EZ or a complex 1040 and a raft of schedules, making a mistake on your tax form could lead to big tax trouble. Something as simple as a math error or unsigned form could invite extra attention from the IRS.   The tax agency sees those mistakes every […]

Filed Under: Tax Issues Tagged With: asset seizure, levy, tax debt, tax preparation, tax relief, wage garnishment

What is a Levy? IRS and Other Asset Levies Explained

October 12, 2020 by Kelly Monahan, EA

What is a Levy?  IRS and Other Asset Levies Explained

  Falling behind on your debts is never a fun place to be. It’s less fun when a levy is placed on your assets. In this article, we take a look at what an IRS levy is, why it happens, and what you can do about it. Note: If you have any tax trouble or […]

Filed Under: Tax Issues Tagged With: asset seizure, levy, tax debt, tax relief, wage garnishment

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