The Repatriation Tax – 7 Takeaways

Do you have a 10% or more interest in a foreign corporation?  If so, then you may have a repatriation tax issue on your 2017 (not 2018!) tax return. Under the new tax legislation, the United States is shifting international corporate taxation from worldwide [...]

By |2020-03-19T15:40:09-04:00January 5th, 2018|

Which State and Local Taxes to Prepay by 12/31/2017?

December 22, 2017 As you may know, today the President signed into law the most sweeping tax legislation in a generation. Among the changes, starting in 2018, the new legislation limits the amount of state and local taxes that individuals may deduct each year [...]

By |2020-03-19T15:41:04-04:00December 22nd, 2017|

Tax Reform Update

November 15, 2017 As this article went to press, the Senate was modifying its tax reform bill, which is now expected to include repeal of the Affordable Care Act's individual mandate. Additional tax changes are also expected, including full repeal of the estate tax. -- As [...]

By |2020-03-19T15:41:12-04:00November 15th, 2017|

The IRS Is Peaking behind Bitcoin’s Mask

The U.S. Internal Revenue Service (IRS) has been raging a battle against Coinbase[1] to obtain the identities of users of convertible virtual currencies (CVCs), like Bitcoin.[2],[3] This battle is being closely watched worldwide, as it touches on hot button issues—privacy of Bitcoin holder accounts, [...]

By |2020-03-19T15:41:41-04:00September 14th, 2017|

Trump and Taxes – An Update

President Trump recently published his tax reform outline, “2017 Tax Reform for Economic Growth and American Jobs” – and his outline proposes tax cuts as well as tax simplification. Although the provisions in Trump’s outline is his wish list for tax reform, it is [...]

By |2020-03-19T15:44:58-04:00June 8th, 2017|
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