With the explosive volatility of Bitcoin and other cryptocurrency prices over the past few years, you may be sitting on some sizable capital gains or losses. You’ll need to report those to the IRS ...

As a CPA firm preparing income tax returns for active online traders, we are spotting significant discrepancies between 2011 Form 1099-Bs provided by securities brokers – which include cost-basis ...

Taxpayer files a Form 8949, which accounts for new IRS cost-basis reporting rules required on securities-broker-issued Form 1099-Bs. As an active investor, taxpayer has hundreds if not thousands of ...

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 ...

The Internal Revenue Service has released a revised Schedule D and a supporting schedule, Form 8949, “Sales and Other Dispositions of Capital Assets,” that concerns the reconciliation of the ...