January 11, 2018
How Little-Known “Structuring” Laws Could Cause You to Lose Money to the IRS

How Little-Known “Structuring” Laws Could Cause You to Lose Money to the IRS

Imagine yourself being stopped by a police officer while driving home from work. You have committed no crimes or traffic violations, but unfortunately, this is no […]
January 9, 2018
House Holds Hearing, Senate Introduces Bill to Regulate Bitcoin and Other Cryptocurrencies

House Holds Hearing, Senate Introduces Bill to Regulate Bitcoin and Other Cryptocurrencies

2017 was a transformative year for cryptocurrency – or at least, set the stage for 2018 to be. The year began on shaky footing for Bitcoin […]
January 9, 2018
Have a Foreign Bank Account? You May Be Required to File an FBAR

Have a Foreign Bank Account? You May Be Required to File an FBAR

It’s common knowledge that the majority of U.S. citizens – around 240 million of them, according to the Internal Revenue Service (IRS) – are required to […]
December 30, 2017
Let the Paradise Papers Be a Reminder to Taxpayers: File an FBAR if You Have Foreign Income

Let the Paradise Papers Be a Reminder to Taxpayers: File an FBAR if You Have Foreign Income

If you follow the news even casually, you have doubtlessly read about the Paradise Papers, a recent leak of roughly 13.4 million financial documents exposing the […]
December 29, 2017
Will I Be Audited by the IRS if I Use Coinbase to Buy, Sell, or Store Bitcoins?

Will I Be Audited by the IRS if I Use Coinbase to Buy, Sell, or Store Bitcoins?

The cryptocurrency or virtual currency “Bitcoin” has exploded in value since its debut, skyrocketing from fractions of a cent in 2010, when it was traded for […]
December 23, 2017
Former Law Partner to Be Sentenced for Tax Evasion and Wire Fraud Crimes After Pleading Guilty

Former Law Partner to Be Sentenced for Tax Evasion and Wire Fraud Crimes After Pleading Guilty

Former law partner Keila Ravelo, 52, of Englewood Cliffs, New Jersey, is facing maximum prison terms of five years and 20 years, respectively, for tax evasion […]