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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Banker will go to jail over FATCA

November 2018

On September 11, 2018, the US Department of Justice (DOJ) reported that banker Adrian Baron https://www.jdsupra.com/legalnews/banker-will-go-to-jail-over-fatca-24456/

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What is your Work Status? Employee or Independent Contractor?

October 2018

Worker classification or work status has an effect on how a Taxpayer will pay federal income taxes, social security and Medicare taxes,  https://www.jdsupra.com/legalnews/what-is-your-work-status-employee-or-16657/

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Condominium Owner? How to spot problems with your HOA

October 2018

Statistics show that most Condo owners do not attend Board of Directors (BOD) meetings and avoid involvement  with HOA issues. As a result,  https://www.jdsupra.com/legalnews/condominium-owner-how-to-spot-problems-86694/

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Tax Fraud and the Element of Willfulness

October 2018

Tax fraud is often defined as an intentional wrongdoing on the part of a Taxpayer with the specific purpose of evading a tax known or believed owed. Tax fraud requires:    https://www.jdsupra.com/legalnews/tax-fraud-and-the-element-of-willfulness-31839/

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