fraude and occupational fraud

Occupational Fraud is the Most Common Financial Crime

June 2022

“Occupational Fraud is very likely the costliest and most common form of financial crime in the world” as per the 2022 Report to the Nations issued by the Association of Certified Fraud Examiners (ACFE) – the world’s largest anti-fraud organization. 

  • Foodman Website and JD Supra
accounting services and "sevicios de contabilidad"

OFAC puts Accounting Services to Russian Nationals Off-Limits

June 2022

Accounting Services, Trust and Corporate Formation, or Management Consulting Services are now off limits to Russian Nationals as per the May 8, 2022 U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announcement of a Determination pursuant to

  • Foodman Website and JD Supra
crypto wallet, criptomoneda

Is your Crypto in a Personal Wallet or in an Exchange?

May 2022

The answer to the question: “Is your Crypto in a Personal Wallet or in an Exchange?” matters as we have learned that cryptocurrency held in a Crypto Exchange is NOT the same as cryptocurrency held in a Personal Wallet in

  • Foodman Website and JD Supra
digital assets image activos digitales

FATCA coming to Digital Assets

May 2022

The Biden’s Administration’s Fiscal Year 2023 Revenue Proposal includes “Modernize Rules” to address Digital Assets that will require reporting by certain Taxpayers of Foreign Digital Asset Accounts.  Tax compliance and enforcement with respect to digital assets has become a growing

  • Foodman Website and JD Supra
dbr logo

Victim of Crypto Fraud? A Forensic Accountant May be Able to Help

May 2022

  Victim of Crypto Fraud? A Forensic Accountant May be Able to Help.  ARTICLE PUBLISHED BY THE DAILY BUSINESS REVIEW 5/10/22  

  • Daily Business Review
IRS Logo

IRS updates its Voluntary Disclosure Program, and it includes Crypto

April 2022

The IRS wants to encourage Voluntary Disclosure participation and reduce Taxpayer uncertainty, but its current Voluntary Disclosure Program is not set up for success according to the 2021 National Taxpayer Advocate Annual Report, issued in January 2022.  Shortly thereafter, in

  • Foodman Website and JD Supra
FATCA image certificaciones and certifications

Beware of FATCA Certifications Being Under OFAC Review

April 2022

In a quiet news release delivered on 3/23/22, the IRS updated the FATCA FAQ’s (Q. 22) to inform FATCA Stakeholders that a registration status could be changed to under review with a message indicating “For more information contact the Treasury

  • Foodman Website and JD Supra
fatca

“Reciprocal FATCA” Bill will be a Game Changer

April 2022

Under the concept of “Reciprocal FATCA” financial institutions and brokers ought to start preparing to assume greater and expanded reporting responsibilities. As FATCA Stakeholders, financial institutions, and brokers, such as U.S. digital asset exchanges, need to get ready to share

  • Foodman Website and JD Supra
Informe de TITGA

TIGTA Report Sheds Light on the Future of FATCA Enforcement

April 2022

The TIGTA  Report dated April 7, 2022 details six recommendations for additional actions needed to address Non-Filing and Non-Reporting Compliance Under FATCA.    The IRS agreed with five out of the six recommendations in the TIGTA Report which signal that FATCA

  • Foodman Website and JD Supra
Cryptocurrency,criptoactivos cripto and the IRS

U.S. Department of Labor has “Serious Concerns” over 401(k) Plan’s investments in Cryptocurrencies

March 2022

The U.S. Department of Labor cautions plan fiduciaries to exercise extreme care before they consider adding a cryptocurrency option to a 401(k) plan’s investment menu for plan participants. Is it prudent for a Fiduciary to expose 401(k) plan’s participants to

  • Foodman Website and JD Supra
Virtual Currency Industry

Ensuring Responsible Innovation in Digital Assets calls for TEAMWORK

March 2022

The Executive Order signed by President Biden lays out a national policy for digital assets across six key priorities: consumer and investor protection, financial stability, illicit finance, U.S. leadership in the global financial system and economic competitiveness, financial inclusion, and

  • Foodman Website and JD Supra
crowdfunding image

How Money Received through “Crowdfunding” May be Taxable

April 2022

IRS may contact the recipients of crowdfunding campaign proceeds if not reported. IRS issues a soft alert to Taxpayers regarding their tax obligations for monies received under crowdfunding activities as well as the benefits of recordkeeping. What is Crowdfunding? It

  • Foodman Website and JD Supra

Search

Services

Related Articles