A quarterly magazine from the National Association of Enrolled Agents
Fall 2024 vol.42 no.3
Ethical Considerations with Cryptocurrency Tax Preparation
Tax Tech

Ethical Considerations with Cryptocurrency Tax Preparation

Cryptocurrency taxation is an area that is here to stay, even though many tax professionals may wish otherwise. A March 2022 NBC News survey shows that more than 20 percent of American adults have interacted with cryptocurrency.i Some professionals... Matt Metras, EA

Sept/Oct 2022, Tax Tech, Schedule C, Ethereum, Schedule 1, Form 8867, Form 8949, technology, cryptocurrency, bitcoin, ethics, Office of Professional Responsibility
Limited Partners and Self-Employment Tax
Feature Article

Limited Partners and Self-Employment Tax

As tax professionals, we are often given Schedule K-1 forms by our clients in order to report their income and/or losses from their investments in pass-through organizations. How involved are we, ... Keith A. Espinoza, EA

Nov/Dec 2021, Feature Article, employee stock ownership plan, Social Security, LP, ESOP, Form 1040, LLLP, Renkemeyer, Schedule K-1, §1402(b), Form 8275, Schedule 1, Self-Employment Contributions Act of 1954, Form 8082, LLC, SECA, s corporation, Federal Insurance Contributions Act of 1935, Tax Court, limited partnerships, §1402(a)(13), Internal Revenue Code, limited liability partnerships, §1402(a)(1)-(17), self-employment, limited liability companies, Revised Uniform Limited Partnership Act of 1976, FICA, limited liability limited partnerships, SE, Form W-2, LLP
Anti-Money Laundering: A Primer
Feature Article

Anti-Money Laundering: A Primer

The Problem Despite the prevalence of credit and debit cards, Cash App, and Venmo, cash still is, in many circles, king (or queen). As of November 11, 2020, there was US$2.01 trillion in circulation.Ellie Nava-Jones, EA

Mar/Apr 2021, Feature Article, Form W-3, AML, Schedule 1, anti-money laundering, Washington, immigrants, Financial Bank Account Reporting, TIN, marijuana, PATRIOT Act, FBAR, Form 8300, FinCEN, Bank Secrecy Act, Form W-2, CTR, SAR, Colorado, BSA, cash-intensive business, Form 112, Form 1099