Sep 26, 2018 | Firm Updates, International Tax
As we previously reported, the Internal Revenue Service (IRS) will close the Offshore Voluntary Disclosure Program (OVDP) on September 28, 2018. The OVDP was launched in 2009 to encourage compliance with foreign asset reporting, allowing U.S. taxpayers a way to avoid...
Sep 26, 2018 | Firm Updates, Individual Tax, Tax Tips
It seems like you can’t go a single day without hearing something about bitcoin, litecoin, Ethereum, Bitcoin Cash, and, at last count, at least 1,500 other known digital currencies (or “cryptocurrencies”). In light of Bitcoin’s recent meteoric rise to $16,000 per coin...
Sep 25, 2018 | Firm Updates, Individual Tax, Retirement Planning
For investors, fall is a good time to review year-to-date gains and losses. Not only can it help you assess your financial health, but it also can help you determine whether to buy or sell investments before year end to save taxes. This year, you also need to keep in...
Sep 24, 2018 | Firm Updates, High Technology
Many high-tech start-up businesses incur significant expenditures before they begin generating sales and become profitable. The time required to develop a successful product is often counted in years. As a result, a company may accumulate large net operating losses...
Sep 19, 2018 | Firm Updates, Individual Tax
If you are charitably inclined and you collect art, appreciated artwork can make one of the best charitable gifts from a tax perspective. In general, donating appreciated property is doubly beneficial because you can both enjoy a valuable tax deduction and avoid the...