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IRS Sets Out New Digital Asset Filing Guidelines

The Internal Revenue Service said Tuesday that the term “digital assets” has replaced “virtual currencies,” a term used in previous years, on various tax forms. Taxpayers, the IRS said, “must again answer...
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California Grants Tax Relief for Hurricane Victims

Individuals and businesses impacted by recent storms in California will have an extended deadline to file federal tax returns and make payments, according to a recent IRS announcement. The...
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What are the 3 most common taxes?

All taxes can be broken down into three categories: Taxes on your purchases Taxes on your income Taxes on your assets Taxes on your purchases:When purchasing the majority of...
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Final 2022 quarterly estimated tax payment due January 17

Many taxpayers make quarterly estimated tax payments during the year to stay current on their taxes, but many who should overlook this step. The Internal Revenue Service today urged those who...
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10 Tips For Managing Payroll

Payroll administration is typically one of the most challenging, tiresome, and time-consuming business tasks for small business owners—but it’s also one of the most important ones! What does the...
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