Serving businesses and individuals in the Rogue Valley
Ashland CPA 541-482-3711
Every year, the IRS announces annual inflation adjustments related to tax rate schedules, deductions, cost-of-living adjustments, etc. What many taxpayers do not realize is that they also adjust the cost of fines and penalties as well. This means that the...
Continue ReadingThe IRS recently issued an important ruling on the taxability of cryptocurrency staking rewards, determining that staking rewards are essentially “income” and, therefore, taxable upon receipt and not deferrable until sale or swapping. Below, we will look at the ruling...
Continue ReadingSenate rules and procedures have a major impact on how tax laws are drafted and amended, especially when it comes to those related to the budget reconciliation process.Budget reconciliation is a separate Senate procedure established by the Congressional Budget Act...
Continue Reading
