Scarinci Hollenbeck regularly publishes articles pertaining to legal updates affecting individuals and institutions in New York and New Jersey, and the world at large. Here you can find coverage for when we welcome new attorneys, significant wins we’ve secured on behalf of our clients, and general announcements.
Results for taxes articles
IRS Advising Virtual Currency Owners to Pay Back Taxes
Author: Frank L. BrunettiDate: August 2, 2019
In IR-2019-132, July 26, 2019, the Internal Revenue Service has begun sending letters to failed to report income and pay the resulting tax from virtual currency transactions or did not report their transactions properly.that potentially
"Taxpayers should take these letters very seriously by reviewing their tax filings and when appropriate, amend past returns and pay back taxes, interest and penalties," said IRS Commissioner Chuck Rettig. "The IRS is expanding our efforts involving virtual currency, including increased use of data analytics. We are focused on enforcing the law and helping taxpayers fully understand and meet their obligations."
Does Your Retirement Plan Protect Your Home from Medicaid Recovery?
One of the Top Risks for Retirement is Health Problems - Does Your Retirement Plan Protect Your Home from Medicaid...
IRS Position on Willfulness in FBAR Penalty Case Not Taxpayer-Friendly
The IRS Recently Clarified Its Position on Willfulness in FBAR Penalty Cases and It Is Not Taxpayer-Friendly Pursuant to 31...
Will IRS Modify Schedule UTP for Uncertain Tax Positions?
The IRS is Currently Evaluating Whether to Eliminate or Modify Schedule UTP Additional tax changes may be on the horizon...
Evaluating the Value of Nondisclosure Agreements Under New Tax Reform Law
A Provision Was Added to the Tax Cuts and Jobs Act that Discourages Companies' Use of Nondisclosure Agreements in Harassment...
Top Tasks for 2018: Amending Your Partnership Agreement
February 13, 2018
As We Continue Through 2018, New Jersey Partnerships Should be Considering Required & Optional Amendments To Their Existing Partnership Agreement...
IRS Issues Final Partnership Audit Regulations On Electing Out
February 1, 2018
The IRS Recently Issued Final Regulations on Electing Out of Centralized Partnership Audit Rules (CPAR) Tax Reform has taken the...
IRS Cracking Down on Virtual Currency Tax Evaders
January 24, 2018
As Part of its Ongoing Effort to Crack Down on Tax Evaders in the World of Virtual Currency, IRS is...
IRS Notice of Deficiency Ruled Untimely in Win for Scarinci Hollenbeck Client
January 23, 2018
IRS Notice of Deficiency Ruled Untimely in Win for Scarinci Hollenbeck Client In Mehrdad Rafizadeh v. Commissioner, the U.S. Tax Court...
The New Tax Law Introduces Qualified Business Income - The New Panacea
January 4, 2018
No Provision in the New Tax Law has Received More Attention Than the New Section 199A, Which Defines the New...
- Business Tax | 401
- Estate Tax | 77
- Fraud | 67
- Gift Tax | 35
- Income Tax | 64
- Independent Contractor | 9
- Tax Credit | 5
- Tax Evasion | 56
- Business Law | 610
- Entertainment and Sports | 429
- Labor and Employment | 316
- Intellectual Property | 162
- Cyber Security | 156
- Environmental | 139
- Cannabis Law | 115
- Tax | 50
- Commercial Real Estate | 42
- Litigation | 37