Those who are fortunate enough to be successful investors generally know that when it comes time to cash in on their profits, the IRS is ready and waiting for its share. Capital gains taxes are ...

The Internal Revenue Service is offering an updated way to handle problems with the Form 8949, which has been having issues this past tax season. Processing Content For Form 8949, “Sales and Other ...

Form 8949 is used to report the sale or exchange of capital assets, such as stocks, real estate, or cryptocurrencies to the IRS. It details the purchase and sale dates for each transaction, as well as ...

In an attempt to balance the budget and close the “tax gap,” Congress, the Obama administration and the IRS are on a mission to intimidate Americans into reporting ALL their income and accounting, ...

When you sell an asset for more than you paid for it, the profit you make is considered a capital gain and must be reported to the IRS. Understanding how to use Schedule D to report these gains will ...