Tax

The Basics of Short Sale

The Basics of Short Sale

  Morgan Stanley predicts that house prices could fall by 10 percent by the end of 2024, perhaps twice as much in a worst-case scenario. Homeowners who purchased their homes at the top of the market could be in trouble, especially if the U.S. falls into a...

The IRS Wants to Know about Your Crypto

The IRS Wants to Know about Your Crypto

The IRS really interested about your bitcoins and other crypto. You may have not noticed this, but it starts at the top of the first page of your Form 1040, where you find the following question right after the spaces for your name and address: At any time during...

Did You Report Your Foreign Bank Accounts?

Did You Report Your Foreign Bank Accounts?

If you own or have an interest in any foreign bank account or other types of financial accounts (see below for examples of the other types) that are based outside of the United States, you may have to fill out the Report of Foreign Bank and Financial Accounts (FinCEN...

Senate Passes CARES Act

Senate Passes CARES Act

Yesterday evening, the Senate passed an updated version of the Coronavirus Aid, Relief and Economic Security (CARES) Act. This bill is intended to be a third round of federal government support in the wake of the coronavirus public health crisis and associated...

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