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National Association of Enrolled Agents Announces the Installation of New Board


National Association of Enrolled Agents Announces the Installation of New Board
NAEA welcomes five new board members and makes history at the start of the new 2021-2022 fiscal year
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WASHINGTON, May 25, 2021 /PRNewswire/  The National Association of Enrolled Agents (NAEA) welcomed its new Board of Directors on Monday, May 24, 2021, during the association s installation ceremony. Under the theme
Transitions and New Beginnings, NAEA swore in all directors prior to a keynote speech by Anisha Bailey, EA, tax resolution specialist and CEO at
Taxley. For the first time in its history, NAEA welcomes two African American women to its 15-member board, which serves as the governing body of the only association that promotes and serves the enrolled agent (EA) credential. An EA is a tax practitioner who is federally licensed to represent taxpayers before the Internal Revenue Service (IRS) for tax preparation ....

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Failure to Report Cryptocurrency on Your Tax Return Can Lead to Trouble With the IRS


For instance, just because in one year an entity that paid you doesn t report that payment, a year from now when the entity gets audited and issues late 1099 forms, the IRS will expect you to have reported what you earned, Hauer said.
The IRS has put crypto front and center for this tax-filing season. High up on the first page of your tax return, a yes or no question is posed: At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?
In other words, no matter how it came into your possession, you are expected to tell the IRS about it. ....

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