Can you identify a Misappropriation Scheme?
Misappropriation is the use of property or funds of another person for an unauthorized purpose. In misappropriation, the perpetrator steals or misuses an organization’s belongings and resources; usually without force. The organization’s assets can be misappropriated by an employee, a
- Foodman website and JD Supra
Payers and Payees have Obligations to Comply with Backup Withholding
Backup Withholding requires a payer to “withhold tax” from payments that are not otherwise subject to withholding. A Taxpayer (payee) may be subject to Backup Withholding if it: • fails to provide a correct taxpayer identification number (TIN) when required,
- Foodman website and JD Supra
Wondering about the tax treatment of a Cryptocurrency Hard Fork and Airdrop?
On 10/9/19, IRS issued Rev. Rul. 2019-24 addressing the issues of a Taxpayer having gross income under § 61 of the Internal Revenue Code as a result of a hard fork of a cryptocurrency that the Taxpayer owns if the
- Foodman CPAs & Advisors and JD Supra
Can the “Corporate Transparency Act” jeopardize the USA as the preferred Tax Haven?
Can the “Corporate Transparency Act” jeopardize the USA as the preferred Tax Haven? This article appeared at the Daily Business Review on 12/10/19.
- Daily Business Review
¿Su institución financiera utiliza un “Matrix” de enfoque basado en el riesgo OFAC?
El perfil de riesgo OFAC de una Institución Financiera se determina basado sus productos, servicios, clientes y ubicaciones geográficas. Se requiere que un programa de cumplimiento OFAC de una Institución Financiera: Identifique las áreas de mayor riesgo Proporcione controles internos
- Foodman CPAs & Advisors CPAs & JD Supra
Does your Financial Institution utilize OFAC Risk Based Approach Matrix?
A Financial Institution’s OFAC risk profile is determined based on its products, services, customers and geographic locations. A Financial Institution’s OFAC compliance program is required to: Identify higher-risk areas Provide internal controls for screening and reporting Establish independent testing for
- Foodman CPAs & Advisors and JD Supra
IRS “BEEFS UP” Section 965 COMPLIANCE for 2017 and 2018 Returns
On July 2, 2018, the IRS introduced a Compliance Campaign directed at Section 965 (Transition Tax) of the Internal Revenue Code (IRC). In its original launch, the Section 965 Campaign stated that U.S. shareholder are required to pay a “transition
- Foodman CPAs & Advisors and JD Supra
Los Contadores Forenses son “Detectives Privados”
El entorno actual de cambio creciente, las presiones económicas, la globalización, la tecnología, el gobierno corporativo, el cumplimiento y la complejidad de las transacciones financieras son las fuerzas impulsoras del inicio del fraude. Además, la desesperación económica, un solo evento
- Foodman CPAs & Advisors website and JD Supra
Indirect linkages to Tax Havens
The U.S. income tax system is based on the idea of voluntary taxpayer compliance. It is the taxpayer’s responsibility to report all reportable worldwide income. Some people attempt to evade paying taxes by failing to report all or some of
- Foodman CPAs & Advisors
Taxpayers, have you sold, received, exchanged or acquired Virtual Currency?
During the month of October 2019, IRS issued Revenue Ruling 2019-24, FAQ’s on Virtual Currency Transactions and a DRAFT Form of Schedule 1, which, for the first time presents the question: “At any time during 2019, did you receive, sell,
- Foodman CPAs & Advisors website
An IRS “John Doe” Summons is a Powerful Weapon that can Puncture Attorney-Client Privilege
An individual that provides information to an attorney may normally assume that the information provided to the attorney will be kept confidential under the attorney-client privilege. That said, according to the Internal Revenue Manual (IRM), circumstances exist when attorney client
- Foodman CPAs & Advisors website
El Programa de Cumplimiento de Sanciones de la OFAC le aplica a todos
OFAC (Oficina de Control de Activos Extranjeros) es un departamento del Tesoro de los Estados Unidos que administra y aplica sanciones económicas y comerciales basadas en la política exterior de los Estados Unidos y los objetivos de seguridad nacional. El
- Foodman CPAs & Advisors website
Search
Services
Related Articles
-
El Fraude es el Delito Número Uno en el Lavado de Dinero
Blog | March 2024En febrero de 2024, el Tesoro de
-
Fraud is the Number One Crime in Money Laundering
Blog | March 2024On February 2024, the U.S. Treasury released
-
Cuidado con las Estafas de Activos Digitales
Blog | January 2023Las estafas de activos digitales pueden ocurrir
-
-
El Fraude Ocupacional es el Delito Financiero más Común
Blog | November 2022"El fraude ocupacional es muy probablemente la