Compliance Matters Archives - Page 12 of 49

2022 Tax Return Reminders

April 2023

On 3/1/23, the IRS published a Tax Time Reminder to all Taxpayers to report all income; gig economy and service industry, digital or foreign assets and sources. IRS is seeking to ensure that taxpayers understand their reporting and potential tax

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IRS Passport Program Continues

February 2023

The IRS had suspended certain collection activities including passport certification in response to the COVID-19 pandemic; however, since 2021, the IRS resumed its passport certification process to the U.S. Department of State. The IRS passport program is a “collection tool”

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Cryptocurrency,criptoactivos cripto and the IRS

¿Qué Significa para Usted la Advertencia que los Reguladores Dieron a los Bancos con Respecto a Cripto?

February 2023

En enero del 2023, Agencias Reguladoras; incluyendo la Junta de Gobernadores del Sistema de la Reserva Federal, la Corporación Federal de Seguros de Depósitos y la Oficina del Contralor emitieron una Declaración Conjunta sobre los Riesgos de los Criptoactivos para

Foodman Website

What does the warning regulators gave banks regarding Crypto mean to you?

February 2023

In January 2023, regulatory agencies; including the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller issued a Joint Statement on Crypto-Asset Risks to Banking Organizations. The warning asks the

Foodman Website

Lista de Verificación de Preguntas sobre Activos Digitales del Formulario 1040 del 2022

February 2023

El Formulario 1040 2022 cambia la terminología criptográfica de “moneda virtual” a “activos digitales”. El propósito del cambio en la terminología podría interpretarse como un “aviso” a los contribuyentes de que el IRS está observando más de cerca, así como

Foodman Website and JD Supra

Crypto Value Decline Not Equal to Crypto Tax Deduction

January 2023

Given that we are in full swing of tax season, many taxpayers are exploring the possibility of claiming a crypto tax deduction over their “devalued” crypto assets. Taxpayers ought to refer to the IRS Chief Counsel Advice Memorandum Number: 202302011

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Declaración de impuestos 2022 en Estados Unidos: es mejor prepararse ahora

January 2023

Colummna de Stanley Foodman en Funds Society Declaración de impuestos 2022 en Estados Unidos: es mejor prepararse ahora Los contribuyentes estadounidenses deberían comenzar a prepararse para presentar los impuestos del 2022. Revisar estados de cuenta, recibos, formularios de impuestos y otros

Funds Society

Beware of Digital Asset Scams

January 2023

Digital asset scams can occur in different ways through several different avenues. Although the ways and the avenues differ, the end result is always the same: there is a scammer that is trying to appropriate the consumer’s funds via the

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Digital Assets 2022 Form 1040 Question Checklist

January 2023

Form 1040 2022 changes the crypto terminology from “virtual currency” to “digital assets”. The purpose of the change in terminology could be interpreted as a “head up” to taxpayers that the IRS is looking more closely as well as an

Foodman Website and JD Supra

Filing 2022 Taxes: Best to Get Ready Now

January 2023

Taxpayers ought to start getting ready to file 2022 taxes. Going through statements, receipts, tax forms and other financial documents when it’s time to prepare to file 2022 taxes in 2023 can be a downer for those individuals who haven’t

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Las FFI Modelo 1 Obtienen Alivio Temporario de Informes FATCA

January 2023

El 12/30/22, el IRS emitió el Aviso 2023-11 con el propósito de proporcionar alivio de informes FATCA a las FFI Modelo 1 que no han podido obtener los TINs (“Tax ID Numbers”) de los EE. UU. para sus cuentas preexistentes

Foodman Website and JD Supra

banking organization organizaciones bancarias

Los Reguladores Advierten a las Organizaciones Bancarias que Tratan con Criptoactivos

January 2023

El 1/3/23, la Agencias Reguladoras; incluyendo la Junta de Gobernadores del Sistema de la Reserva Federal (“FED”), la Corporación Federal de Seguros de Depósitos (“FDIC”) y la Oficina del Contralor (“OCC”) emitieron una Declaración Conjunta sobre los Riesgos de los