high income

High Income Filers are “Schematized” by Fraudsters

April 2023

On 3/31/23, the IRS continued the release of its 2023 annual “Dirty Dozen” List – this time geared towards high income filers by presenting abusive arrangements that involve Charitable Remainder Annuity Trusts and Monetized Installment Sales. These tools can be

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Crypto

Crypto Asset Related Activities Assessed by the FDIC

April 2023

On 4/5/23, the FDIC released its 2023 Spring Consumer Compliance Supervisory Highlights.  The purpose of the Supervisory highlights is to provide an overview of consumer compliance issues identified through the FDIC’s supervision of state non-member banks and thrifts in 2022. 

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Phishing and Smishing

Phishing and Smishing IRS Warnings

April 2023

On 3/21/23, day two of the annual Dirty Dozen tax scams campaign, the IRS issued  a Phishing and Smishing warning to taxpayers to remain vigilant against email and text scams aimed at tricking taxpayers about refunds or tax issues. The

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BOI Beneficial Ownership information

FinCEN BOI Guidance

April 2023

On 3/24/23, FinCEN issued its first set of guidance materials to aid the public in understanding upcoming beneficial ownership information (BOI) reporting requirements taking effect on January 1, 2024.  BOI  refers to identifying information about the individuals who directly or

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Activos Digitales Digital Assets

Foreign Digital Asset Accounts to be Reported

April 2023

The Biden’s Administration 2024 Revenue Proposal includes US taxpayer reporting requirements for foreign digital asset accounts.  The proposal would be effective for returns required to be filed after December 31, 2023. Tax compliance and enforcement with respect to digital assets

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taxes owed impuestos adeudados

Extension to file taxes does not equal extension to pay taxes

April 2023

Need more time to prepare your federal tax return? Taxpayers who aren’t able to file by the April 18, 2023, deadline can request an extension before that deadline, but they should know that an extension to file is not an

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passport pasaporte

Programa de Pasaportes del IRS continúa

April 2023

El IRS había suspendido ciertas actividades de cobro, incluyendo la certificación de pasaportes en respuesta a la pandemia de COVID-19; sin embargo, desde 2021, el IRS retomó su proceso de certificación de pasaportes ante el Departamento de Estado de los

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check fraud fraude de cheque

Check Fraud FinCEN Alert

April 2023

On February 27, 2023, FinCEN issued (in close collaboration with the United States Postal Inspection Service) an Alert on Nationwide Surge in Mail Theft-Related Check Fraud Schemes Targeting the U.S. Mail.  Despite the declining use of checks in the United

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FinCen BOI BOI de FinCEN

The BOSS and FinCEN

April 2023

On 9/29/22 FinCEN issued the very anticipated Final Rule establishing a beneficial ownership information reporting requirement, pursuant to the bipartisan Corporate Transparency Act (CTA). The Final Rule will require most corporations, limited liability companies, and other entities created in or

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Cryptocurrency,criptoactivos cripto and the IRS

La Disminución del Valor Cripto No es Igual a la Deducción Fiscal Cripto

April 2023

Dado que estamos en pleno apogeo de la temporada de impuestos, muchos contribuyentes están explorando la posibilidad de reclamar una deducción de impuestos cripto sobre sus activos cripto “devaluados”.  Los contribuyentes deben consultar el Memorándum de Asesoramiento del abogado principal

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dozen for dirty dozen dozena

Dirty Dozen 2023

April 2023

On April 5, 2023, the IRS wrapped up its Dirty Dozen 2023 list – earlier than the release of the Dirty Dozen 2022 list which was published on June 10, 2022.  According to the IRS, the Dirty Dozen represents the

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2022 tax

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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