What is Tax Evasion?

December 2018

The IRS TAX CRIMES HANDBOOK states that there are two kinds of tax evasion:   https://www.jdsupra.com/legalnews/what-is-tax-evasion-39001/

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How to determine an Individual’s Residency for Tax Treaty Purposes?

December 2018

The guidelines for determining an Individual’s tax residency are as follows:   https://www.jdsupra.com/legalnews/how-to-determine-an-individual-s-72122

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What is Reasonable Cause for the IRS?

December 2018

In the US, Taxpayers “self-assess and voluntarily” pay taxes.  The IRS position  https://www.jdsupra.com/legalnews/what-is-reasonable-cause-for-the-irs-60482/

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Do you own a second home or a vacation home that you rent out?

November 2018

Rental income is reportable on a Taxpayer’s tax return. Certain expenses such as https://www.jdsupra.com/legalnews/do-you-own-a-second-home-or-a-vacation-95740/

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IRS Guidance on Business Meals is Transitional

November 2018

The Tax Cut and Jobs Act (TCJA) amended Section 274 of the Internal Revenue Code (IRC) created a confusion for Taxpayers https://www.jdsupra.com/legalnews/irs-guidance-on-business-meals-is-91773/

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Government Agencies are spending money to track down Virtual Currency

November 2018

Government agencies apparently believe that expertise from blockchain analytic firms is required to   https://www.jdsupra.com/legalnews/government-agencies-are-spending-money-41087/

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2018 is almost over and still no guidance from IRS on the treatment of Virtual Currency

November 2018

On September 19, 2018, the House Ways and Means Committee wrote a letter to the IRS urging the IRS to https://www.jdsupra.com/legalnews/2018-is-almost-over-and-still-no-81539/

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Understanding Estate and Gift Taxes

November 2018

Although only .2% of US Taxpayers actually pay Estate Taxes (Congress’s Joint Committee on Taxation), https://www.jdsupra.com/legalnews/understanding-estate-and-gift-taxes-62995/

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Foreign Trusts and the IRS

November 2018

A Foreign Trust can be a legitimate instrument for US Taxpayers that may have family members in foreign jurisdictions,    https://www.jdsupra.com/legalnews/foreign-trusts-and-the-irs-80871/

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Virtual Currency (VC) Holders NEED to KEEP RECORDS

November 2018

Internal Revenue Code Section 6001 requires Taxpayers to maintain adequate books and records.  Keeping adequate VC books and good records will assist a Taxpayer to:   https://www.jdsupra.com/legalnews/virtual-currency-vc-holders-need-to-90845/

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The US and Costa Rica have a New Tax Information Sharing Agreement!

November 2018

On April 20, 2018, the Governments of Costa Rica and the U.S.A. signed a new version of their   https://www.jdsupra.com/legalnews/the-us-and-costa-rica-have-a-new-tax-77866/

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Is Virtual Currency worth the Risk?

November 2018

We have read that Virtual Currency (VC) is a “speculative asset” that under certain circumstances https://www.jdsupra.com/legalnews/is-virtual-currency-worth-the-risk-98083/

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