Second Economic Impact Payment

WASHINGTON – The Internal Revenue Service today urged people to visit IRS.gov for the most current information on the second round of Economic Impact Payments rather than calling the agency or their financial institutions or tax software providers. IRS phone assistors do not have additional information beyond what’s available on IRS.gov. The IRS and the…

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Happy New Year!

Happy New Year! We pray 2021 will be a much better year for everyone! It is that time of year again. Envelopes will start arriving that say “Tax Documents.” Be sure to put all the documents in the same place so when you are ready to have your taxes done, they will all be together.…

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You Be The Judge

A New York schoolteacher held more than $1.6 million in a Swiss bank account for years but failed to file the required Form FBAR (Report of Foreign Bank and Financial Accounts) with her tax return. In an audit, the IRS determined that she willfully tried to conceal the account and assessed an $803,000 penalty. She…

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A Guide To Cryptocurrency Backed By Precious Metals

While many are excited about the industry’s growth potential and understand turbulence comes with innovation, others wonder how they can still invest in digital assets with a semblance of stability. Many herald stablecoins as a solution. Palladium-backed cryptocurrency all have bullion as a reserve asset. They will never fall below the underlying asset price but…

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