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The Fed’s Discount Window Lending at Levels Not Seen Since The Great Recession

The Discount Window lending is at levels not seen since the Great Recession, with banks borrowing billions of dollars in order to shore up their balance sheets and maintain sufficient liquidity.

IRS Launches Digital Intake Initiative

The Internal Revenue Service (IRS) has embarked on a digital transformation journey to streamline tax processing and improve efficiency. The Internal Revenue Service (IRS) has announced the commencement of its new Digital Intake initiative, aimed at modernizing and streamlining the tax processing ...

Our Brand Has Evolved, LLC!

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 ...

Are Cryptocurrencies Subject to Tax and Wash Sale Rules?

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. ...

Everything You Need to Know About This Year’s 1099 Filing Season

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 City’s Proposed Secure Jobs Act May Drive Businesses Out of The City

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 ...

Schedule K-2/K-3 Domestic Filing Exception

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 ...

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