A group of senators led by Democrat Elizabeth Warren and Independent Angus King is pushing U.S. tax officials to move up the start date for crypto brokerages and exchanges to report information on their clients’ transactions to the government. Proposed regulations released by the Internal Revenue Service and Treasury Department
In recent months several clients and others have asked me about having their partial interests in limited liability companies bequeathed to trusts for estate planning and asset protection purposes. I advised them there are significant tax and legal headaches that may be triggered. To that end I recently submitted a
Imagine you’re at a dinner party, and someone asks, “So, what do you do?” You could say, “I’m an accountant,” and watch their eyes glaze over, or you could say, II’m the person who turns your financial chaos into a roadmap to your dreams.” Suddenly, you’ve transformed a mundane interaction
Taxpayers’ eagerness to use free software provided by the Internal Revenue Service to file their taxes may be exaggerated because of the way a survey was designed, according to a new report. The report, released Wednesday by the Treasury Inspector General for Tax Administration, assessed the prospects for a free
Eric Meisner Eric Meisner has joined Sax LLP, Parsippany, as a partner and head of Sax’s fractional finance practice. He previously served in roles at Deloitte, Viacom and AT&T, and as controller of a fractional airline startup, CFO for a technology-driven media company, and as a fractional CFO for multiple entities.
The Internal Revenue Service is reducing the annual cost of a Preparer Tax Identification Number after a court ruled that the charge was too high. The application and renewal fee will be reduced to $11, plus an extra $8.75 for payment to a third-party contractor, the IRS said in interim
The Bonadio Group, a Top 50 Firm based in Pittsford, New York, is expanding its presence in Texas by adding Howard LLP, a firm based in Dallas, effective Nov. 1. The deal will create a combined firm with over 1,000 employees and $180 million in revenue, or nearly $200 million
The National Treasury Employees Union expressed a sense of relief after lawmakers in Congress unexpectedly managed to pass a stopgap spending bill over the weekend that will avoid a federal government shutdown, at least until mid-November. Last week the Treasury Department had released a contingency plan for the Internal Revenue
OK, I admit it. I’m pretty sloppy. On top of that, I’m most definitely a hoarder. That didn’t bode well when I recently downsized from a roomy house to a considerably less roomy apartment. I’ve been working from home on and off for decades. And my office in the house
International music star Shakira faces tax evasion charges for a second time in Spain, according to news reports, after the “Queen of Latin music” allegedly failed to pay 6.7 million euros ($7.1 million) in taxes on her 2018 income. The Colombian singer allegedly used an offshore company to dodge the taxes,