Tax Strategies

What Form 1099-R Means For Your Retirement: Pensions, IRAs, Retirement or Profit-Sharing Plans
The R stands for Retirement. The 1099 stands for "Pay your fair share, even if you're retired.' Form 1099-R is an important document that…
How IRS Exchange Rates Work When Converting Foreign Currencies to US Tax Dollars
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/IRS_Exchange_Rates_Explained_for_Expats.mp4"][/video] Taxpayers who earn income in a foreign country or financial assets in foreign currencies must report their earnings and assets in…
401k Contribution Limits Increased for 2024
The year 2024 brings good news for retirement savers. The 401k contribution limits are set to increase, allowing individuals to save even more towards their…
How Are Cryptocurrencies Taxed? When You Pay Taxes on Bitcoin, What’s Your Taxable Income?
And you thought e-filing your taxes was the hottest, new-fangled doodad the IRS tracked. When it comes to cryptocurrency taxes, the Internal Revenue Service treats…
IRS2Go App FAQs
In today's world of electronic streamlining and technological advances, there is an app for everything and the IRS is no exception. The IRS2Go App allows…