The Tax Law Blog

June 23, 2017
How Do I Report Bitcoin Transactions on my Taxes? 1040? Schedule D? Form 8949?

How Do I Report Bitcoin Transactions on my Taxes? 1040? Schedule D? Form 8949?

The IRS’s decision to characterize virtual currency such as Bitcoin as property rather than currency resulted in a number of tax impacts. Fundamentally, treating Bitcoin and […]
June 22, 2017
Can Non-Resident Aliens Transfer their U.S. Property Without Paying Taxes?

Can Non-Resident Aliens Transfer their U.S. Property Without Paying Taxes?

Non-resident aliens may come to own property in the United States for an array of reasons. Some non-resident aliens may purchase property because they see it […]
June 21, 2017
The IRS Is Targeting Captive Tax Shelter Abuse as it Announces New Enforcement Initiative

The IRS Is Targeting Captive Tax Shelter Abuse as it Announces New Enforcement Initiative

Taxpayers generally strive to legally minimize their tax burden while staying within the contours of the U.S. Tax Code. Taxpayers may pursue an array of tax […]
June 20, 2017
How Do I Report Bitcoin Transactions on my Taxes? 1040? Schedule D? Form 8949?

IRS Investigations of Virtual Currency May Ramp Up After Congressional Testimony

Last week, the House of Representative’s Financial Services Committee heard testimony from a panel regarding the potential dangers of cryptocurrency. The expert panel discussed how cryptocurrency […]
June 15, 2017
Ohio Business Owner Convicted of Tax Crimes in False Advertising Scheme

Ohio Business Owner Convicted of Tax Crimes in False Advertising Scheme

Last week, a federal jury convicted an Ohio business owner of a myriad of financial and tax crimes relating to a tax preparation scheme. The investigation, […]
June 14, 2017
House Tax Reform Plan May Jettison Section 1031 Like-Kind Transfer Tax Benefits

House Tax Reform Plan May Jettison Section 1031 Like-Kind Transfer Tax Benefits

For certain entrepreneurs, investors, and other development-minded individuals, Section 1031 is an extremely important aspect of the Internal Revenue Code. Through Section 1031, certain taxpayers can […]