Domestic Tax Law Archives - Page 25 of 31 - Foodman CPAs and Advisors

IRS issues a “Tax Book”

May 2018

IRS issues a “Tax Book” was published by JD Supra on 6/1/18. During 2017, 245 million tax returns were processed by the IRS and more than $3.4 trillion in federal taxes was paid by individuals and businesses to the US

JD Supra

Financial Planning Season: A way to evaluate your Provider

May 2018

Financial Planning Season: A way to evaluate your Provider was published by JD Supra on 5/22/18. After the tax filing season, many Taxpayers realize that this is the right time to think about financial planning; given the fact that their

JD Supra

Make your connection with the “Top 10” Tax Cut and Jobs Act Changes and be prepared for 2019!

May 2018

Make your connection with the “Top 10” Tax Cut and Jobs Act Changes and be prepared for 2019! was published by JD Supra on 5/22/18. Here are the changes from the Tax Cut and Jobs Act (TCJA) that will impact

JD Supra

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

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

Taxpayers may have to pay Section 965 Transition Tax when filing their 2017 Tax Returns

April 2018

Taxpayers may have to pay Section 965 Transition Tax when filing their 2017 Tax Returns published by JD Supra 4/10/18. Section 965 of the Internal Revenue Code requires certain U.S. Shareholders to pay a transition tax on the untaxed foreign earnings of certain Specified Foreign