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Kevin McKernan Kevin McKernan

IRS – UPDATES ON THE DIGITAL ASSETS QUESTIONS; TAXPAYERS SHOULD CONTINUE TO REPORT ALL DIGITAL ASSETS INCOME

The Internal Revenue Service reminded taxpayers today that they must again answer a digital asset question and report all digital asset-related income when filing their federal income tax returns for fiscal year 2022, just as they did for fiscal year 2021. The term "digital assets" has replaced the term "virtual currencies," a term used in previous years

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MerriLyn Gibbs MerriLyn Gibbs

IRS raises limits for ABLE ACCOUNTS:

For the first time in four years, the amount of money that people with disabilities can save without jeopardizing eligibility for government benefits is rising

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