Blog Profile / The Tax Lawyer

Filed Under:Business & Finance / Taxes
Posts on Regator:1571
Posts / Week:4.3
Archived Since:March 8, 2011

Blog Post Archive

How To Transfer Bitcoin Without Triggering Taxes

Reaping Bitcoin gains is nice, but paying taxes is less so. What techniques can defer or avoid taxes?

IRS Forms 1099 Impact Your Taxes, But Don’t Ask For Missing 1099s

IRS Forms 1099 tell the IRS about payments you received in 2017. Pay attention to each one.

Bitcoin IRS Tax Amnesty…Sort Of

IRS is after Bitcoin and other cryptocurrency investors, and tax audits and prosecutions are looming. Yet with no 'official' IRS amnesty, addressing tax compliance can be scary.

How Overdue Taxes Can Jeopardize Passports

Losing your passport could be harrowing. Yet Congress authorized the IRS to notify the state department to do just that for certain tax debts.

Contingent Fee Lawyers Dodge Bullet In Tax Reform

Most contingent fee lawyers cover costs of the case until there is a recovery. But the IRS generally says lawyers can't deduct the costs.

$10K State Tax Deduction Cap Prompts Bold Moves To Skirt California Taxes

From New York to California, a $10,000 tax deduction may prompt the states and their residents to take drastic action. Meanwhile, some taxpayers might vote with their feet.

Ironically, Weinstein Tax On Sexual Harassment Settlements May Hurt Plaintiffs Too

The Harvey Weinstein tax may have designed to hurt harassers and their companies. But plaintiffs could face a big tax hit too.

Loophole Allows Tax-Free Bitcoin Exchanges Into 2018

1031 exchanges of Bitcoin and other crypto assets won't qualify after 12/31/17. However, it turns out there's a way to delay this rule into 2018.

Bitcoin Sellers Cut Taxes By Moving Before Sale

Bitcoin millionaires may want to think about taxes before they cash in, especially if they are mobile.

California Taxes Already Prompt Moving Then Selling, No Deduction Could Mean Exodus

Moving to avoid California's taxes is already a big trend. Just imaging if state income taxes are no longer deductible.

Bitcoin Investors Hunt For Transfers That Aren’t Taxable

WIth 1031 exchanges soon unavailable, Bitcoin investors may be looking for other non-taxable transfers.

House And Senate Tax Bills Bar Lawyer Tax Write-Offs For Costs

Contingent fee lawyers must usually front all costs, but usually cannot write off the costs on their taxes until the very end of the case. Congress is about to make this harsh rule even more pervasive.

Collecting Gross-Up Damages For Taxes In Litigation Gets Easier

Getting extra damages for tax consequences is often difficult, but it is getting easier, as recent cases show.

Bitcoin Tax Troubles Get More Worrisome

As IRS gets access to Coinbase accounts, more Bitcoin gains are going to face tax scrutiny, and minimizing the damage is going to be important.

DMX Tax Fraud Guilty Plea Cut 44 Year Prison Exposure To 5 Years

Rapper DMX gets a bargain, trading one count of tax fraud for the 14 he faced, and reducing what could have been up to 44 years of prison to a maximum of 5 years.

Meghan Markle & Prince Harry Filing Taxes Separately? Here’s Why

The worldwide reach of the IRS could reach into the royal family if Meghan Markle and Prince Harry are not very careful.

Tax Bills Doom Tax-Free 1031 Exchanges Of Cryptocurrency

Many say they can make tax-free swaps of cryptocurrency, but both the House and Senate tax bills would stop the practice.

Harvey Weinstein Tax Would Prevent Sex Harassment Settlement Write-Offs

New Harvey Weinstein tax would mean no tax deduction for legal fees or harassment settlements involving nondisclosure. That would be a big change from current law.

Under Tax Bill, Should You Take 2017 Payment, Or Defer Until 2018?

Settling lawsuits, selling assets, and making other income triggering moves this year-end can be tricky tax-wise. But you can sometimes specify when you want to be paid.

Paradise Papers Expose Rich And Famous Using Tax Havens  

Leaked Paradise Papers show pols and celebrities using offshore tax havens. Transparency and disclosure are becoming the universal standards.

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