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What Do International Business Owners( American Expatriates) Need To Know About IRS And Yearly Average Currency Rates. What Impacts Yearly...
User Photo Kader Jawali Ameen
Tax Professional Level: Tax Enthusiast

Further to the information on currency rates, please find below link to access the IRS year end currency ex rates. http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Treasury-Reporting-Rates-of-...   Read More
Stock I Invested In Is Now Worthless. Is This A Bad Debt And Can I Report It As Such On My Tax Return?
User Photo Vincenzo Villamena
Tax Professional Level: Tax Enthusiast

If its public stock then yes. If it is a c corp then it may qualify for small business stock and a loss may be deducted. In order to qualify there are a few steps - (1) the corporation is a "qualified small...   Read More

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