Demetrius J. Karos, Ltd.

TAX REPRESENTATION FROM A FORMER IRS EMPLOYEE

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Is cryptocurrency taxable?

If you have not paid tax on cryptocurrency profits so far, you need to start. While it has been a bit of a gray area, the IRS is determined not to miss out just because you do not keep your money in worldly assets. This year’s tax returns have a section dedicated to...

Is it too late to admit to taxable assets?

There are many ways to keep your assets away from the IRS. Yet, doing so runs the risk that they will one day find out. If you have not told the truth about your assets to the IRS in the past, it is easy to think you are so deep in that your only option is to keep up...

How can you settle your tax bill for less?

When the IRS informs you that you owe them money, ignoring them is not an option. Yet, as these can often be large sums, you may not have the means to pay your bill. If business has been down lately, you might feel that you will never be able to pay it. Yet, it will...

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