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Jay Zhu knew for a long time that he wanted to work in the accounting field. He finds accounting to be particularly rewarding because he can use his knowledge to help clients excel in tax, finance, and other matters. Jay takes pride in building strong, long-term relationships with client and forming …

A Natural Knack for Numbers: Jay Zhu in Accounting Read More »

Real estate investors generally need to pay tax on the profit, or capital gains, earned when they sell a property. However, US law[1] allows investors to defer capital gains taxes if they reinvest the sale’s proceeds into a similar property as part of a qualifying like-kind exchange.

During his long and varied career, Raj Patel has relished the opportunity to share his accounting expertise with clients of many sizes across a wide array of industries. He has served small gas stations, hotels, nonprofit organizations, and Fortune 500 companies.

Qualifying individuals must report income earned in foreign countries on their US tax returns. The penalties for noncompliance are steep. Chugh CPAs, LLP CPA and Team Lead Neha Karnwal discusses important factors

The Senate recently passed Democrats’ $3.5 trillion budget resolution package. While the policy is not yet law, it could have major changes in store for how the US taxes cryptocurrencies. Specifically, the policy would impose reporting requirements on cryptocurrency brokers, similar to how stockbrokers must report customers’ sales to the Internal …

New Reporting Requirements Could Make it Easier for the IRS to Collect Capital Gains Tax on Cryptocurrency Read More »