Blogs

California Tax Basis Capital Accounts Reporting

Evolved, LLC has recently undergone an exciting rebranding effort, and we are thrilled to unveil our new look and feel. Our new website, evolvedtax.com, showcases our refreshed brand identity and updated offerings. In this blog post, we’ll take a closer look at our rebranding journey and what it ...

As the end of the year approaches, taxpayers look at their portfolio of investments and attempt to understand the applicable tax rules. One of the most researched topics is taxation of cryptocurrencies — virtual currencies that act a medium of exchange and can either increase or decrease in value. ...

The time has come to check all the boxes and get your company ready for a quick and smooth filing as Form 1099 filing season approaches in January.

New York is a long-established “at-will” state, where employment can be terminated at any time without notice, for any reason or no reason at all, as long as the action is not discriminatory or illegal. To prevent employers from terminating employees without a fair reason, the New York City ...

The IRS introduced Schedule K-2 and K-3 with the 2021 tax filing year. The forms were designed to provide more information to taxpayers about reporting foreign activities and more specifically to provide the taxpayer with more detailed information to correctly calculate and report their foreign tax ...

Much to the dismay of taxpayers in high-tax states, 2017’s Tax Cuts and Jobs Act created a $10,000 cap on an individual’s itemized state and local tax (SALT) deductions. In response to this limitation, 27 states, including California, New York, New Jersey, and Connecticut, have implemented ...

If you’re starting a new business, one of your earliest, and most important considerations is picking the legal entity that best suits your endeavor. There are a handful of options available, each of which comes with distinct compliance requirements, tax considerations, and overall levels of ...