Posts on Jan 1970

Is Summer Camp Deductible?

Summer Camp May Qualify for the Child and Dependent Care Credit Has your child attended day camp this summer?  If so, you may qualify for the Child and Dependent Care Credit. Following are some requirements to qualify: the child is under the age of 13 at the time of the camp  – or –  the child can […]

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IRS Sending Letters to Virtual Currency Owners

Have you received income from virtual currency transactions?  If so, this income must be reported on your tax return.  The IRS has begun sending letters to taxpayers with virtual currency transactions that potentially failed to report income and pay the resulting tax from virtual currency transactions or did not report their transactions properly. “Taxpayers should […]

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