Form 3520: Reporting Foreign Trusts and Gifts for US Citizens
If you received transactions from foreign trusts or entities during the tax year, you may need to file Form 3520. In an effort to prevent
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FATCA Reporting: Filing Form 8938
Offshore accounts were once the go-to option for Americans who wanted to hide money from Uncle Sam. Those days are
June 16, 2022
SEC Investigates Binance’s BNB Coin
The SEC strikes again! Binance, the world’s largest crypto exchange, has found itself in hot water after the SEC launched
June 10, 2022
7 Things to Know from the New Lummis-Gillibrand Cryptocurrency Bill
A new bipartisan cryptocurrency bill from Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) creates an ambitious regulatory framework for
June 8, 2022
FBAR: Who Should File and What Happens If You Don’t
Did you just learn about FBAR filing requirements? Are you worried that you should have filed one and scared about what will happen if you don’t?
June 6, 2022
IRS Tax Levy: What Is It and How Can You Stop It?
An IRS tax levy can put your property and personal assets at risk. Back taxes are hard to eliminate, and
May 26, 2022
What Are IRS Tax Liens?
If you have IRS back taxes that go unpaid for an extended period, you may be subject to an IRS tax lien.
May 16, 2022
SEC Nearly Doubles Crypto Enforcement Team
The Securities and Exchange Commission (SEC) is nearly doubling the number of dedicated positions responsible for protecting cryptocurrency investors. The
May 9, 2022
Getting Rid of IRS Back Taxes
If you didn’t pay your taxes on time or didn’t file a tax return, you may owe back taxes. With
May 2, 2022
IRS Penalty Abatement
Completely erasing IRS tax penalties may sound too good to be true, but IRS penalty abatement is an option for
April 27, 2022
Understanding IRS Tax Penalties
Tax penalties can lead to many sleepless nights for taxpayers who owe the Internal Revenue Service (IRS). Delinquent taxes are
April 21, 2022
Corporate Transparency Act: How to Prepare Your Business for New Reporting Requirements
Many companies operating in the U.S. have new reporting requirements under the Corporate Transparency Act.
April 7, 2022
The Howey Test: Is Your Crypto Token a Security?
The “Howey Test” is the framework set by the U.S. Supreme Court to determine whether a transaction qualifies as an
March 24, 2022