Entries by Tax Attorney

If You Have Cryptocurrency, Pay Attention To What The IRS Has In Store For You

If You Have Cryptocurrency, Pay Attention To What The IRS Has In Store For You After years of analyzing data from third parties involved in the cryptocurrency exchanges, the IRS announced in a press release on July 26, 2019 that it has started sending letters to cryptocurrency owners advising them to report their cryptocurrency transactions […]

10,000 Cryptocurrency Owners Will Receive Warning Letters From The IRS

10,000 Cryptocurrency Owners Will Receive Warning Letters From The IRS After years of analyzing data from third parties involved in the cryptocurrency exchanges, the IRS announced in a press release on July 26, 2019 that it has started sending letters to cryptocurrency owners advising them to report their cryptocurrency transactions and pay their taxes. More […]

Beware That Divorce Or Separation May Have An Effect On Your Taxes

Beware That Divorce Or Separation May Have An Effect On Your Taxes Taxpayers should be aware of tax law changes related to alimony and separation payments. These payments are made after a divorce or separation. The Tax Cuts and Jobs Act changed the rules around them, which will affect certain taxpayers when they file their […]

Congressman Emmer Welcomes IRS Response On Guidelines For Reporting Virtual Currency

Congressman Emmer Welcomes IRS Response On Guidelines For Reporting Virtual Currency On May 20, 2019 Congressman Tom Emmer (MN-R) announced in a press release that the IRS finally responded his letter that along with his fellow co-chairs of the Congressional Blockchain Caucus (current members being: Rep. Tom Emmer, Rep. Bill Foster (IL-D), Rep. David Schweikert […]

United States Congress Holds Historic Hearing On Cannabis Legalization – If You Can’t Beat Them, Join Them!

On July 10, 2019 the House Judiciary Committee lead by Chairman Jerrold Nadler (D-NY) delivered the following opening remarks during a Subcommittee on Crime, Terrorism, and Homeland Security hearing on “Marijuana Laws in America: Racial Justice and the Need for Reform” which also appears in his press release issued after the hearing: “Marijuana is one […]

Facts To Know When The IRS Sends A Private Debt Collection Service To Collect On IRS Debt.

Facts To Know When The IRS Sends A Private Debt Collection Service To Collect On IRS Debt. You would think that with all the fraudulent calls being made by parties presented themselves as working for the IRS to scam taxpayers out of money, the IRS would crackdown on this problem and tighten its reins. But […]

Santa Barbara County Police Shuts Down Illegal Cannabis Operations

Anyone conducting business in cannabis surely knows that under Federal law (Controlled Substances Act 21 U.S.C. 801) marijuana is designated as a Schedule I controlled substance due to the historical belief that it has a high potential for abuse, no currently accepted medical use in treatment, and lack of accepted safety for use under medical […]

Can Cannabis Help People With Diabetes?

According to the Centers for Disease Control and Prevention (“CDC”), 30.3 million American adults, or about 9.4% of the U.S. adult population have diabetes. The Journal of Diabetes published data where persons having a history of cannabis use possessed more favorable indices related to diabetic control than do non-users. Researchers in Quebec, Canada assessed the […]