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How do I claim the 2021 Child Tax Credit? 

The first advance child tax credit (CTC) payments will be made on July 15, 2021, as part of Joe Biden's American Rescue Plan. The credit may be a helpful boost for families who lost income in 2020. But, as is the case with any tax overhaul, logistics may seem a bit...

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Forest Whitaker tax case: withholding is key

Academy Award-winning actor and director Forest Whitaker is famous for his impassioned portrayal of such varied characters as ruthless dictators and obedient soldiers. He now has another – much more dubious – claim to fame: a high-profile tax collection...

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FAQs about reporting bitcoin transactions

Bitcoin, litecoin, ethereum and other block-chain currency have been on a run with bitcoin crossing the $10,000 threshold from a start of $997 at the beginning of the year. How do you report these transactions on your tax return? Will you receive a 1099?The IRS...

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