December 8, 2017
Do I Need to Report Bitcoin and Other Cryptocurrency Taxable Activity to the IRS?

Do I Need to Report Bitcoin and Other Cryptocurrency Taxable Activity to the IRS?

In an increasingly digitized world, more and more of our financial transactions are carried out online, from small personal exchanges on PayPal and Venmo to multi-million-dollar […]
December 7, 2017
Taxpayers Denied OVDP Access Targeted for IRS Auditing

Taxpayers Denied OVDP Access Targeted for IRS Auditing

In 2009, the Internal Revenue Service (IRS) launched the Offshore Voluntary Disclosure Program (OVDP), also known as the Offshore Voluntary Disclosure Initiative (OVDI). The OVDP, which […]
November 15, 2017
What Changes to the Law Are Being Proposed in the Tax Cuts and Jobs Act?

What Changes to the Law Are Being Proposed in the Tax Cuts and Jobs Act?

Tax reform has long been a subject of controversy and debate in the political sphere. On November 2, 2017, House Ways and Means Committee Chairman Kevin […]
August 10, 2017
New York Restaurant Owner Sentenced to 12 ½ Years in Prison for Investment Fraud Scheme and Tax Evasion

New York Restaurant Owner Sentenced to 12 ½ Years in Prison for Investment Fraud Scheme and Tax Evasion

Christopher Swartz of Watertown, New York has been handed a 150-month prison sentence for committing tax evasion and investment fraud.  According to Acting Assistant Deputy Attorney […]
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 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 […]