As many taxpayers are busy trying to get their 2017 taxes filed before the October 15 extension deadline, now is a great time to start thinking about how recent tax law changes might affect your specific tax situation for 2018.
There aren’t a lot of investors who really understand the issues and implications of how to handle tax reporting for cryptocurrency gains or losses. Here are some essential data to help you navigate the troubled waters of tax reporting.
Scheduling a mid-year tax planning review now can help save time later and have a positive impact on your 2018 return. In addition, recent tax reform may affect your existing strategy so it’s important to address these changes before it’s too late.
Now that tax season has passed, we’ve been getting up to speed on the new tax law and what it might all mean. The IRS is also starting to put together some guidance about the many vague areas of law, which is helping to clarify things.
On behalf of the entire Truax team, we'd like to wish you a very happy Father's Day. Your courage, patience and love inspire us every day of the year and we hope you have a joyous and peaceful weekend.