June 2018

How Tips Affect Taxes in Florida

2018-12-06T08:15:29+00:00

How Do Tips Affect Taxes Florida Taxes? Many of us who work in service industries such as restaurants and hotels, depend heavily on tips to supplement our income. Tips are essentially payments customers make at their discretion for services they receive from employees. Tips may be in the form of [...]

How Tips Affect Taxes in Florida2018-12-06T08:15:29+00:00

Howeycoin – Too Good to be True

2018-12-06T08:17:14+00:00

By Mary Lundstedt "If you’ve ever been tempted to buy into a hot investment opportunity linked with luxury travel, the Securities and Exchange Commission has a deal for you." Sound too good to be true? It is. This announcement was made in the May 16, 2018 U.S. Securities and Exchange Commission [...]

Howeycoin – Too Good to be True2018-12-06T08:17:14+00:00

IRS Responds to States’ Attempts to Circumvent SALT Cap

2018-12-06T08:30:04+00:00

By Mary Lundstedt On May 23, 2018, the IRS issued Notice 2018-54,[1] making it abundantly clear that when it comes to state efforts to circumvent the recently enacted state and local tax (SALT) deductions cap, "taxpayers should be mindful that federal law controls the proper characterization of payments for federal income [...]

IRS Responds to States’ Attempts to Circumvent SALT Cap2018-12-06T08:30:04+00:00

District Court Maintains $100,000 Regulatory Cap For Willful FBAR Violations

2018-12-06T08:07:29+00:00

By Eli Noff, Partner & Mary Lundstedt, Esq. On May 16, 2018, in United States v. Colliot,[1] the District Court for the Western District of Texas held that the Internal Revenue Service (IRS) is precluded from assessing a willful Report of Foreign Bank and Financial Accounts (FBAR) penalty exceeding the $100,000 [...]

District Court Maintains $100,000 Regulatory Cap For Willful FBAR Violations2018-12-06T08:07:29+00:00

The IRS is Receiving Thousands of Coinbase Users’ Information

2018-12-08T22:23:57+00:00

By Mary Lundstedt , Esq. In November of 2017, Coinbase, Inc. ("Coinbase"), a company that facilitates digital currency transactions, was ordered to comply with an IRS summons demanding specific Coinbase client identifying information and transaction data for Coinbase accounts "with at least the equivalent of $20,000 in any one transactions type" [...]

The IRS is Receiving Thousands of Coinbase Users’ Information2018-12-08T22:23:57+00:00
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