Our company is a 501c3 organization that sells token currency to users. The tokens cannot be sold unless from the owners' wallets, and a percentage of tokens are converted into USD and donated to specific charities at the end of the year. Users receive a receipt for the donated amount, which is divided by the amount of coins held. Can this model work for a USA-based company tax-wise?

August 26th, 2023

I received a letter stating I need to file for income tax for the year 2031, but I haven't worked in 3 years. What should I do to verify my identity with the IRS, especially if I received a 5071C letter?

April 15th, 2024

I am showing $1200 in unemployment benefits for the tax year of 2020. I have been retired since 2015 and my transcript name is in my maiden name, but it shows my married name of Clark which I divorced and changed in 2017. What should I do about this?

July 13th, 2024

We received a call about selling our Mexican timeshare. The caller claims to have an escrow account set up for payment and requires us to send SAT tax wired to a bank before we obtain the funds. Is this legit or another scam?

November 3rd, 2023

I am trying to receive my stimulus payments from the first two rounds and want to know the status of my payments. I filed my taxes in April 2021 but never received the money. I was incarcerated at the time and now have a new address and bank account. What steps should I take to track and receive these payments?

October 4th, 2023