Why Opt Out of Advance Child Tax Credits?

Why Opt Out of Advance Child Tax Credits? The first payment of six monthly advance Child Tax Credit payments started Thursday, July 15, and will continue each month through the end of 2021 while the remainder of your total 2021 Child Tax Credit (CTC) will be applied...

Do I Pay Taxes on Cryptocurrency?

Do I Pay Taxes on Cryptocurrency? Do I pay taxes on cryptocurrency? Did someone pay you in virtual currency? If you were paid with virtual currency for goods or services, then, yes, that payments is taxable income. Was your cryptocurrency received in an airdrop or in...

Tax Implications of Cryptocurrency

Tax Implications of Cryptocurrency Just as “dollars” are the representation of United States currency, “coins” are the representation of cryptocurrencies.  While you cannot hold crypto coins in your hand – they are virtual only, stored online – they are, nonetheless,...