Can I claim a tax deduction for my cryptocurrency losses?
Have you experienced losses this year when trading cryptocurrencies? Trading cryptocurrencies can be a dangerous endeavor. Cryptocurrency traders frequently suffer financial losses over the course of one tax year due to the high volatility and unstable coin pricing. Fortunately, cryptocurrency…
The benefits of starting an S-Corporation in the U.S.
Limited Liability Companies (LLCs) are a great choice for entrepreneurs looking to incorporate their business for a number of reasons, primarily because they can choose between two tax designations to be taxed as. One of these choices is the S…
Rev. Graham to Newsmax: US in trouble after Trump search, proposed IRS growth
By Luca Cacciatore From Newsmax The Rev. Franklin Graham, president of Samaritan’s Purse, told Newsmax on Thursday that the United States is entering a ”very frightening” time after recent events and needs to find God again. Graham, son of the late evangelist Billy Graham, pointed out to ”Eric Bolling…
Facebook, Coke could face tax hit after ruling against Medtronic
By Lynnley Browning and Sony Kassam Bloomberg News From Accounting Today Last week, Medtronic Plc suffered a legal setback in its bid to avoid a $1.4 billion U.S. tax bill — a ruling that may have costly implications for other…
Making a living scamming the scammers
By Jamie Rigg From engadget Kitboga’s made a career out of wasting time. “Well, my grandchildren were over and it’s something about a pornography virus,” says the soft voice of an elderly woman over the phone. “I unplugged my computer…
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US: Ninth Circuit decision for IRS affects shifting of income to tax havens
By Peter J Reilly From Forbes The Ninth Circuit is generating a lot of excitement this week. Probably most exciting is its ruling that open carry is a constitutional right protected by the Second Amendment. But this is a tax…
Not-so-homegrown home sales
By Alison Rich From The MReport There’s international appeal in U.S. real estate, and, according to recent IRS data, certain countries seem especially smitten with it, ZillowResearch reports. Back in 2015, non-resident foreigners sold $10.5 billion of U.S. real estate,…
Stanford investing billions offshore in Central America and Caribbean, tax returns show
By Brian Contreras From Stanford Daily Stanford has nearly 10 billion dollars invested in Central America and the Caribbean, analysis of the University’s tax returns shows. Held offshore in places like Bermuda and the Cayman Islands, much of this money…
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US: Dominican national pleads guilty to identity theft and fraud
By NELSON A. KING From Caribbean Life The United States Department of Justice (DOJ) says a Dominican Republic national who lived in Lawrence, Mass., has been sentenced to 11 years in prison after pleading guilty in the middle of his…
How reinsurers help hedge funds shelter taxes
By Sonali Basak From Bloomberg It’s not the warm waters that have attracted so many corporations to places like Bermuda, the British Virgin Islands and the Cayman Islands. It’s how these havens help keep profits from tax collectors. To prevent…
