Top 10 IRS Criminal Prosecutions for 2021
J. David Tax Law receives this question weekly in our no-cost consultations: Does the IRS or State tax agencies really pursue criminal charges and put people in jail for tax crimes? The answer is unequivocally, YES. The good news is that in our estimation in 2021 alone our experienced criminal tax attorneys kept 81 clients […]
Cryptocurrency Series Conclusion: How Crypto is Reported for Taxation by the Exchanges
In this last article in our series on cryptocurrency we will focus on how to address your cryptocurrency gains and losses and the potential tax liabilities it may bring. We will also look at the various ways your transactions are reported by the crypto exchanges to the IRS and other agencies. As more cryptocurrency exchange […]
Cryptocurrency Part 2: Currency in Computer Code
As we previously discussed, cryptocurrency experts and investors alike believe that one day tokens will be a widely accepted form of recognized currency. In this new era, you would be able to make purchases and earn your income in tokens like Bitcoin. I know what you’re thinking; a single Bitcoin is worth over $39,000 (as […]