Advisory Services Archives - Page 44 of 53

Who will have the last word with Virtual Currency? IRS, FinCEN, SEC, OFAC or the CFTC?

May 2018

Who will have the last word with Virtual Currency? IRS, FinCEN, SEC, OFAC or the CFTC? was published by JD Supra on 5/15/18. Virtual Currency (VC) investors are currently investing without clarity regarding which Government Agency(s) has the final word

JD Supra

Everyone wins when accepting Virtual Currency as Payment…

May 2018

Everyone wins when accepting Virtual Currency as Payment… was published by JD Supra on 5/8/18. Accepting Virtual Currency (VC) as payment for goods and services is growing. States like Arizona and Georgia have introduced bills that would allow Taxpayers in

JD Supra

Who monitors digital currency wallets?

May 2018

Who monitors digital currency wallets? was published by JD Supra on 5/8/18. Investors in Virtual Currency (VC) utilize the services of on-line “secure” platforms for buying, selling, transferring, and storing VC. The providers of these services are known as web-wallets

JD Supra

Here is what you need to know about the FinCEN’s Final CDD Rule effective May 11, 2018

April 2018

Here is what you need to know about the FinCEN’s Final CDD Rule effective May 11, 2018 was published by JD Supra on 5/1/18. Covered Financial Institutions (CFI) have until May 11, 2018 to implement and comply with the Financial

JD Supra

Watch out for those who Promise Bogus Charitable Giving Tax Schemes

April 2018

Watch out for those who Promise Bogus Charitable Giving Tax Schemes was published by JD Supra on 4/25/18. In the US, there are promoters of phony companies that pose as registered charities and solicit charitable contributions by individuals or corporations.

JD Supra

At any time during 2017, did you have a financial interest in or signature authority over a financial account (such as a bank account, securities account, or brokerage account) located in a foreign country?

April 2018

At any time during 2017, did you have a financial interest in or signature authority over a financial account (such as a bank account, securities account, or brokerage account) located in a foreign country? published by JD Supra on 5/13/18.

JD Supra

Avoid this while filing your taxes

April 2018

Avoid this while filing your taxes was published by JD Supra on 4/13/18. To avoid possible scrutiny or oversight by the IRS, Accuracy is a key factor when filing Tax Returns. Taxpayers want to make sure that their returns are processed

JD Supra

Virtual Currency Investors have a lot of responsibilities!

April 2018

Virtual Currency Investors have a lot of responsibilities! published by JD Supra 4/13/18. For U.S. Federal Income Tax purposes, Virtual Currency (VC) is treated as property. As a result, a VC investor ought to keep a very close watch on

JD Supra

IRS Dirty Dozen 2018 = IRS Dirty Dozen 2017

April 2018

IRS Dirty Dozen 2018 = IRS Dirty Dozen 2017 published by the South Florida Legal Guide,

Miami Herald Business Monday - South Florida Legal Guide Supplement

May I continue excluding income earned in a Foreign country after 2017?

April 2018

May I continue excluding income earned in a Foreign country after 2017? – JD Supra 4/10/18. For most Expatriates, very little changes under the Tax Cut and Jobs Act (TCJA) because “foreign earned income” continues to be treated the same

JD Supra

Common Reporting Standard (CRS) Reporting Avoidance Game Is Over

April 2018

Common Reporting Standard (CRS) Reporting Avoidance Game Is Over – JD Supra 4/6/18. The Common Reporting Standard (CRS) is a reality for over one hundred Jurisdictions during 2018. The Organization for Economic Co-operation and Development (OECD) has stated that there

JD Supra

FATCA: “COPA” y “CERTIFICACIONES PERIÓDICAS” que vencen el 1 de Julio de 2018 tendrán en efecto, una extensión de 3 meses. PERO, ¿estarás LISTO?

Abril 2018

FATCA: “COPA” y “CERTIFICACIONES PERIÓDICAS” que vencen el 1 de Julio de 2018 tendrán en efecto, una extensión de 3 meses. PERO, ¿estarás LISTO? – JD Supra 4/5/18. El 19 de marzo de 2018, el IRS publicó el “Borrador de