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How is Bitcoin Taxed in California?

How is Bitcoin Taxed in California?

Though it has been over eight years since its development, many American taxpayers are still unfamiliar with Bitcoin and its place in our tax system. Hailed as the first decentralized digital currency, Bitcoin is becoming more and more widely accepted as a form of...

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The Tax Court’s Decision in George Fakiris v. Commissioner

The Tax Court’s Decision in George Fakiris v. Commissioner

Claiming the proper deductions and credits can be an overwhelming process for taxpayers. With new case law constantly being decided by the Tax Court and the IRS, it can be especially difficult to keep up with new regulations. A recent case involving estate tax and...

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What Happens if You Missed the Tax Deadline in California?

What Happens if You Missed the Tax Deadline in California?

Many taxpayers are highly conscientious regarding tax deadlines and ensuring that all obligations are squared away in a timely manner. Other taxpayers may take a more relaxed approach to their taxes but nevertheless successfully manage to get their taxes filed....

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