January 2025

A Bitcoin token rests on a calculator displaying "TAX," highlighting the importance of IRS Crypto Cost-Basis Reporting Rules, next to a 1040 tax form and a pen.

IRS Crypto Cost-Basis Reporting Rules: Key Updates for 2025

Navigating IRS regulations can be daunting, especially with the rise of digital currencies like cryptocurrency. Recent developments in the IRS crypto cost-basis reporting rules have introduced significant changes for investors and brokers alike. Originally set to take effect in 2024, these rules would have required custodial brokers to default to the FIFO (First In, First […]

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A person in a suit diligently calculates the Solo 401k tax credit for new enrollments, carefully entering figures onto a spreadsheet.

Solo 401k Tax Credit for New Enrollments: Maximizing Your Retirement Benefits

When considering a Solo 401k plan, you’re not just investing in your future; you’re also potentially unlocking valuable tax benefits. The Solo 401k tax credit for new enrollments provides an attractive incentive for self-employed individuals and small business owners seeking to boost their retirement savings. Under the new rules, eligible employers can claim a start-up

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