The IRS has made cryptocurrency (or virtual currency as the IRS calls it) a priority. The IRS specifically asked, for the first time, about “virtual currency” on Schedule 1 of the 2019 1040 tax form. … Continue reading Cryptocurrency & Your 2021 Tax Return
BBB = “Total Financial Surveillance”
The Biden Administration’s Build Back Better Plan (BBB) includes a massive increase in the size and scope of the IRS. The plan provides an additional $80 Billion Dollars and 80,000 more “tax cops..” The IRS … Continue reading BBB = “Total Financial Surveillance”
Crypto News – El Salvador – IRS CI – Hillary Clinton
It’s Crypto-Tuesday and there a number of big stories in Cryptocurrency News. First, El Salvador is continuing their push to move to the front of Bitcoin economy. You may remember that in September 2021 El … Continue reading Crypto News – El Salvador – IRS CI – Hillary Clinton
BBB IRS Agent Army
The Build Back Better Act (BBB) sets aside $80 Billion For the IRS. With that increase, the IRS plans on hiring 87.000 new IRS workers to target “wealthy” taxpayers. However, as Elon Musk points out, … Continue reading BBB IRS Agent Army
Attorney Harry Bartosiak
At Bartosiak Law LLC, we combine large firm experience with personalized service. We partner with our clients as trusted advisors, and remain steadfastly invested in helping them to achieve their unique goals. Individuals and businesses … Continue reading Attorney Harry Bartosiak
Have OICs Just Gotten Easier?
The IRS announced new policies for the Offer In Compromise program. on a recent blog post titled “IRS Initiates New Favorable Offer In Compromise Policies” The National Taxpayer Advocate announced that the offer in compromise … Continue reading Have OICs Just Gotten Easier?
Cash App Crack Down
Last March Congress passed the American Rescue Plan with much fanfare. The Bill was so urgent, there was little debate. What has come to light is the new 1099-K reporting requirements for those that use … Continue reading Cash App Crack Down
Storage of Value or Medium of Exchange
The promise of Cryptocurrency is in the use – or is it in the value. That is the conflict. It is hard to buy something with Crypto that may grow in value the next day. … Continue reading Storage of Value or Medium of Exchange
Dave Guttman – Coinflip.tech
Dave Guttman is the Chief Growth Officer of Coinflip – the pushers, movers, and shakers of the cryptocurrency industry. Coinflip makes cryptocurrency accessible to all though a network of more than 3000 Bitcoin ATMs across … Continue reading Dave Guttman – Coinflip.tech
Record Tax Collection!
After all the hand-wringing about the Tax Gap, wealthy tax evaders and Crpto cheats the US Treasury collected a record $283,927,000,000 in total taxes in October, which was the first month of fiscal 2022. However, … Continue reading Record Tax Collection!
