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New IRS 1099 Rule for PayPal and Venmo Targets Very Small Businesses and Will Cause Misreporting and Errors
The IRS recently announced that payment apps such as PayPal, Venmo and CashApp will be required to issue 1099s to small businesses and self-employed persons. The problem is these taxpayers don’t have accounting departments and professionals to rely on.
Buying Crypto with an IRA
Did you know your IRA can own bitcoin and other cryptocurrencies? Whether tax-deferred or tax-free, a Crypto IRA offers powerful advantages for long-term investors. Learn how IRAs are being used to buy and sell crypto—and what that means for your taxes.