Current Articles

• U.S. Citizens Receiving Income From Foreign Sources – Income From Abroad Is Taxable
  By IRS
  Many United States (U.S.) citizens and resident aliens receive income from foreign sources. There have been recent reports about the interest of the Internal Revenue Service (IRS) in taxpayers with […]
• Five Myths About Cryptocurrency Taxation
  By Shirley Yip
  Myth No. 1 There is no need to report any gain or loss for exchanges between one cryptocurrency and another if the transaction occurred before January 1, 2018. That is not true. Every time when you […]
• What Happens If I Don’t File My Tax Returns?
  By Venar Ayar
  The law obligates every citizen to pay taxes to the IRS if their income satisfies a certain threshold. Only dependents are exempted from this rule. Similar to any other rule, filing tax returns is […]
• Hearing On Internal Revenue Service And U.S. Department Of Justice Efforts To Return Taxpayers’ Seized Funds
  By TaxConnections Admin
  House Ways and Means Oversight Subcommittee Chairman Lynn Jenkins (R-KS) announced that the Subcommittee will hold a hearing on Internal Revenue Service (IRS) and U.S. Department of Justice (DOJ) […]
• Tax Professionals – Tax Question Of The Week
  By Kat Jennings
  Am I Required To Collect Sales Tax Based Upon The Customer’s Tax Rate Or The Tax Rate Where I Operate My Business? TaxConnections selects a question from our Ask Tax Questions feature each week and […]