Gordon Law Group

?? You don’t need a secret Swiss account to trigger FBAR reporting requirements. If you had $10,000+ in foreign accounts at any point last year, you probably need to report it. Here’s what counts (and what can get you in trouble): FBAR applies to more than just traditional bank accounts. You may need to file if you had: ? Non-U.S. retirement accounts or mutual funds ? Foreign business accounts you control ? Joint family accounts abroad ? Offshore trusts or investment vehicles The penalties for noncompliance can be steep: ?? Up to $10K per violation (even if it’s unintentional) ?? Criminal penalties if the IRS thinks it’s willful This isn’t just for billionaires. A lot of everyday investors and business owners are affected. Need help reviewing your exposure? That’s what we do! We help investors file correctly, avoid penalties, and clean up old issues with minimal stress. Get in touch to discuss your options.

Now’s the Best Time to Fight Your IRS Audit! With the IRS undergoing a massive shakeup, it’s the PERFECT time to fight back if you’re already facing an audit. Why? Because the IRS is stretched thin and losing ground on enforcement. If you’re in the middle of an audit or worried about one, NOW is your chance to push back harder than ever and get the best possible outcome. At Gordon Law, we’re fired up and ready to take advantage of this moment to protect your assets and your rights. Here’s how we can help you seize the opportunity: Aggressive Defense: With the IRS in disarray, it’s time to hit back hard and challenge their findings. Strategic Negotiation: Use this rare chance to negotiate from a position of strength and reduce your liability. Peace of Mind: Stop losing sleep over an audit. We’ll take the pressure off and handle everything for you. The IRS may be weaker right now, but that doesn’t mean you should go it alone. Let us put our experience to work and help you make the most of this situation. Give us a call today to discuss your case and see how we can help you fight back and WIN! https://lnkd.in/gDqvyRnX #AuditDefense #TaxLaw #FightBack #WealthManagement #GordonLaw #IRS #TaxAudit

What type of crypto transactions do you need to report to the IRS?

Crypto earnings generally fall into two main categories for the IRS: capital gains or ordinary income.

Crypto taxes can be complicated and may require help from an expert!

What is a taxable event, and what does that mean for my crypto earnings?

The first thing you need to know about crypto taxes in the United States is how the IRS categorizes them.

When does crypto staking become taxable?

?? Bigger Tax Refunds in 2024 – But What About 2025? Inflation has impacted tax brackets, standard deductions have increased, and valuable tax credits—like the Child Tax Credit and EV incentives—are making a difference. That means many taxpayers can expect larger refunds this year. But next year? That could be a different story. Our own Andrew Gordon sat down with Yahoo! Finance to break down what’s happening this tax season and share expert tips on making the most of your refund. ? Should you save or invest your refund? ? How will next year’s tax changes impact you? ? What strategies can you use to stay ahead? #TaxSeason #TaxRefund #GordonLaw #FinancialPlanning #TaxTips

Crypto staking rewards aren't just one single thing to the IRS. If you have earned staking rewards, you need to know how the IRS perceives them to avoid penalties.