VIRTUAL CURRENCY FOR GOODS AND SERVICES

Virtual currency for goods and services. Whether you are ready or not, our clients are actively operating in the virtual world and that includes the payment for goods and services by Bitcoin or one of the other cryptocurrencies. The IRS has been very active in deciphering this new world and making sense of it for […]

TAX DISPUTE ONE OF LARGEST BY IRS

Tax dispute one of largest by IRS. A little known decision by the Internal Revenue Service’s appeals unit may spell trouble for legendary investor Jim Simons, who’s embroiled in a multi-billion dollar tax dispute with the agency. Reviewing the audit of an investment manager in Connecticut, the IRS Office of Appeals rejected a tax-avoidance maneuver […]

GOP MAY KEEP TAX

GOP may keep tax. The break from dogma by a party that has long reviled health tax boosts–and most things achieved by Obama–underscores Senate Majority Leader Mitch McConnell’s feverish effort to yank one of his and President Donald Trump’s foremost priorities from the brink of defeat. The change, proposed by Sen. Bob Corker, R-Tenn., would […]