March 2018

You Can Run, but You Can’t Hide: IRS Search for Unreported Cryptocurrency Upheld in Federal Court

No matter how untraceable digital transactions may seem, there is no hiding cryptocurrency under the mattress. Virtual currencies like Bitcoin, Litecoin, and XRP are digital assets that cannot be hidden or concealed. Even though virtual currency is often anonymously held and transacted, it is traceable, and the IRS will go to great lengths to find [...]

2018-11-12T15:43:02-04:00February 20th, 2018|INDIVIDUAL TAX, March 2018|

Estate and Gift Tax Changes from Tax Reform – Sweet as Honey

Tax Reform has made a significant impact on estate planning—and the changes are as sweet as honey. The most buzz-worthy, amongst the swarm of differences, is the increase in the lifetime exemption amount, which doubled under Tax Reform. Something to Hum About Under previous law, the lifetime exemption was $5 million adjusted for inflation, meaning [...]

2018-11-12T15:43:06-04:00February 13th, 2018|INDIVIDUAL TAX, March 2018, TAX REFORM: INDIVIDUAL TAX|
Contact Us!