Category: Uncategorized

Uncategorized

Recent Court Rulings Uphold Congressional Authority to Assess Taxes and Penalties on U.S. Taxpayers with Foreign Interests by Andrew Leonard, CPA


Posted on September 12, 2024 by Andrew Leonard

The IRS scored significant wins in two separate cases before the U.S. Supreme Court and D.C. Court of Appeals. While both matters addressed different provisions of the tax code, the court’s decisions essentially fortified the IRS’s international reach and its ability to enforce compliance with various U.S. tax laws regarding taxpayers’ foreign investments and business […]

Cybersecurity Training Alone is Insufficient to Prevent a Phishing Attack by Brandon Bowers


Posted on July 08, 2024 by Brandon Bowers

Phishing scams and business email compromises (BECs) continue to make headlines, holding the titles as the most common cybersecurity breach method and the most frequently reported crimes to the FBI’s Internet Crime Complaint Center (IC3). Yet, even as businesses step up efforts to help employees learn to recognize the warning signs of these attacks, criminals […]

UPDATED Expanded Tax Credits Help Offset the Costs of Energy-Efficient Home Improvements by Maxwell Jewell, CPA, MST


Posted on January 30, 2024 by Maxwell Jewell

Upgrading your home’s energy efficiency can not only help the environment and reduce your electric bills, but it can also provide you with valuable tax credits to cover a portion of qualifying improvement expenses beginning in 2023. Energy Efficient Home Improvement Credits  Under the Inflation Reduction Act signed into law in 2022, homeowners may earn […]

IRS, U.S. Treasury Continue to Clamp Down on Cryptocurrency Reporting by Jonathan Menna, CPA


Posted on December 12, 2023

It has been nearly 10 years since the IRS first announced in Notice 2014-21, 2014-16 I.R.B 938 it would treat cryptocurrency as a capital asset for federal tax purposes, subject to the same general tax principles as other forms of property, including stocks and bonds. Two recent developments are significant in helping the agency crackdown […]