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Monthly Archives: July 2021

IRS Ramps Up Cryptocurrency Reporting Compliance in 2021 by Lewis Taub, CPA


Posted on July 29, 2021 by Lewis Taub

According to the U.S. Treasury, the cryptocurrency market capitalization in April 2021 reached more than $2 trillion. Today, there are approximately 4,000 virtual currencies, such as Bitcoin (BTC), Etherium (ETH), Tether (USDT) and Dogecoin (DOGE), stored and traded on more than 8,600 cryptocurrency exchanges around the world, including Kraken and the largest exchange, Coinbase, which […]

Commercial Real Estate Owners Have a Limited Time to Appeal their 2021 Property Tax Assessments by John G. Ebenger, CPA


Posted on July 26, 2021 by John Ebenger

Commercial property owners in Florida will soon receive Truth in Millage (TRIM) notices indicating the county’s appraised market value of their real estate and the estimated property taxes they can expect to pay for the year. Although it is not uncommon for landlords and developers to ignore these estimates in anticipation of receiving a final […]

Detecting Fraud in Bankruptcy Proceedings by Richard A. Pollack, CPA


Posted on July 20, 2021 by Richard Pollack

According to the Administrative Office of the U.S. Courts, the total number of bankruptcy filings in 2020 decreased nearly 30 percent from the prior year, despite the impact of the COVID-19 pandemic. By contrast, the total number of Chapter 11 reorganization filings during the same period increased 18.7 percent from 2019, while the number of […]

The Rules Employers Must Know for Reimbursing Remote Workers by Adam Cohen, CPA


Posted on July 15, 2021 by Adam Cohen

Whether employers welcome staff back to their offices or allow the continuation of remote-work arrangements, they must be prepared to address a myriad of tax issues, including employee expense reimbursement requirements. Generally, employees are not entitled to reimbursements for commuting expenses they incur for travel between their homes and their offices or other primary places […]