For example, it’s gained information about tens of thousands of users of popular crypto exchanges by issuing subpoenas to the companies that run them. While not paying taxes on your gains might be an honest mistake, don’t expect the IRS to take pity. Harris says the IRS may not have ...
Annuitieshave become increasingly popular. Tax deferred growth is arguably the most appealing feature of a non-qualified annuity. This permits earnings on premiums to avoid income taxation until distribution. Long-term savings advantages and the ability to insure an income stream for life add to annu...
Winners must complete a W-9 Request for Taxpayer Identification Number and Certification form prior to gift being awarded if the market value is $600 or more. This is a requirement of the Internal Revenue Service for purposes of issuing a Form 1099- MISC for the fair market value of the...