Digital Currency November 30, 2022
As FTX Burned, Lawmakers Said to Be Dithering Over Regulator
The central debate about regulation of cryptocurrencies is whether they are securities or commodities.
Taxes November 28, 2022
The Tax Blotter – Nov. 2022
The Tax Blotter is a round-up of recent tax news and rulings.
Taxes November 28, 2022
Home Sale Gain Exclusion When a Taxpayer Remarries
Under Section 121 of the Internal Revenue Code, you may be able to exclude most, if not all, of your gain from tax when you finally sell the home.
November 27, 2022
Tax Court Imposes Limit on Capital Losses
Notably, you may use a loss to offset a short-term gain realized earlier in the year that would otherwise be taxed at a high ordinary income tax rate.
November 23, 2022
Helping Special Needs Families Plan Their Financial Futures
Families may have a million questions about their child’s care, education, residence and employment when they reach adulthood.
Taxes November 23, 2022
100% Bonus Depreciation for Aircraft Purchases About to End
For the last five years, businesses have been able to use bonus depreciation to expense 100 percent of qualified property, including big-ticket purchases like business aircraft.
Taxes November 23, 2022
Tax Court Decides “He Said, She Said” Case
Generally, the IRS has three years from the later of the time your tax return was filed or its due date to review the return and assess tax.
November 21, 2022
Reality TV Star Todd Chrisley Sentenced to 12 Years in Prison for Fraud and Tax Evasion, Wife Gets 7 Years
The Chrisleys were convicted in June of a $30 million loan scheme in which they defrauded community banks by providing false documents
Taxes November 21, 2022
Trump Org CFO Allen Weisselberg Got a Raise After Fraud Discovered
He testified that Trump’s sons gave him a $200,000 bump after they learned the family business was dodging the tax man.
Taxes November 18, 2022
Zelle Users Are Circumventing an IRS Tax Rule to Their Advantage
Zelle says the new IRS 1099-K reporting rules for third-party payment processors do not apply to them.
Accounting November 18, 2022
Theranos Founder Elizabeth Holmes Gets 11 Year Prison Sentence for Fraud
Theranos founder Elizabeth Holmes has been sentenced to 135 months — or more than 11 years — in prison, following her conviction for felony fraud in one of the most closely and widely watched trials in Silicon Valley history.
Taxes November 18, 2022
Former Trump Org CFO Testifies He Kept Two Sets of Books
Allen Weisselberg described how he and other executives illegally saved hundreds of thousands of dollars on taxes.