By Adam R. Young and Brian Bernhardt
On January 13, 2023, the IRS issued Chief Counsel Memorandum 202302012 (the “CCM”) establishing new rules for donations of cryptocurrency. In the CCM
Continue Reading IRS Cracks Down on Charitable Contributions of CryptocurrencyThe White House released a statement on February 8, 2018 that President Trump nominated Charles Rettig as the new Commissioner of Internal Revenue Code for the remainder of a five
Continue Reading Charles Rettig – From Private Practice to President Trump’s Nominee for IRS Commissioner
The issue before the Tax Court in Huzella v. Commissioner, T.C. Memo. 2017-210, centered around a coin business on eBay, and whether the petitioner, Thomas Huzella, could substantiate his
Continue Reading Tax Court Allows Petitioner to Claim Unsubstantiated Deductions
In a case of first impression, the Tax Court held that the U.S.–Canada Tax Treaty (Treaty) did not exempt a Canadian citizen from U.S. income tax on the unemployment compensation
Continue Reading Tax Court Denies Treaty Benefit to Canadian Post–Doctoral Fellow
Tax and accounting issues you should not ignore when setting up your cannabis business: