Reid Kopald

For a 2025 death, the final Form 1040 reports income through the date of death. A personal representative usually files it, and a refund may require Form 1310. Estate income after death can trigger Form 1041, while Form 706 is a separate transfer-tax return. The following 3 forms separate the main federal filing jobs after a taxpayer di...

Reporting differs based on source: directly through exchange or through brokerage When trading cryptocurrency, the provided reporting differs based on the source of the crypto. One may buy cryptocurrency directly through an exchange (eg coinbase) or through ...

You can get in trouble with the Internal Revenue Service (IRS) in a variety of ways when using bitcoin, so it's worth learning the regulations. What's the larger picture? Bitcoin and other cryptocurrencies that you...

Tax season can feel a bit like preparing for a surprise pop quiz – except this quiz involves your entire financial life, and there’s a deadline. ...

For a 2025 death, a US citizen’s federal gross estate can include worldwide assets, while a noncitizen non-domiciliary is generally exposed only on US-situated property. The key filing thresholds are $13.99 million and $60,000, respectively, under current federal rules. Federal estate tax can follow a US citizen abroad because it ...

For the 2025 tax year, tax deductions for charitable donations generally require you to itemize on Schedule A and give to a qualified organization. The standard deduction is $15,750 for single or married filing separately, $31,500 for married filing jointly or a qualifying surviving spouse, and $23,625 for head of household. Review the choice in ...