October 9, 2019
Virtual currency: IRS guidance on tax treatment and reminds taxpayers of reporting obligations
The IRS is actively addressing potential non-compliance in this area through a variety of efforts, ranging from taxpayer education to audits to criminal investigations.
October 7, 2019
IRS extends upcoming deadlines, provides other tax relief for victims of Tropical Storm Imelda
The IRS automatically provides filing and penalty relief to any taxpayer with an IRS address of record located in the disaster area.
October 4, 2019
As Returns Shrink Opportunity Zone Funds Adjust Their Strategies
Buying isn’t easy for Opportunity Funds in this current low cap rate environment—with scores of bidders chasing assets, returns have shrunk.
October 3, 2019
Caution Could Stave Off Next Recession
Investors are predicting and preparing the next recession, and it could significantly reduce the impact when it hits.
October 3, 2019
Another Fed Rate Cut Is Expected After Weak Economic Data
Key officials said they were open-minded about the need for further cuts. Then a flurry of bad economic data rolled in.
October 1, 2019
IRS grants relief for U.S. persons who own stock in certain foreign corporations
The proposed regulations provide additional relief to taxpayers affected by the repeal of section 958(b)(4).
September 30, 2019
IRS relief provides drought-stricken farmers, ranchers more time to replace livestock
The one-year extension gives eligible farmers and ranchers until the end of the tax year after the first drought-free year to replace the sold livestock.
September 24, 2019
IRS finalizes safe harbor rules regarding real estate in business
Real estate qualifies for qualified business income deduction