by Jacob Stein | Apr 12, 2014 | Attorney Blogs, Blog
The Internal Revenue Service (IRS) has finally weighed in on the topic of the taxation of Bitcoin. Below is a list of questions and answers provided by the IRS. Q-1: How is virtual currency treated for federal tax purposes? A-1: For federal tax purposes, virtual...
by Jacob Stein | Apr 11, 2014 | Attorney Blogs, Blog
Bitcoin is a digital or virtual currency that uses peer-to-peer technology for the payment of goods and services. It is an internet-based currency that was established in 2009, and has experienced such exponential growth that companies such as eBay and Overstock now...
by Jacob Stein | Feb 20, 2014 | Attorney Blogs, Blog
Individuals and Businesses Prepare For FATCA Deadline In international tax, the ongoing news has been the sweeping impact of the Foreign Account Tax Compliance Act (FATCA). FATCA is a law that was passed to curb illegal tax evasion by United States citizens (and green...
by Jacob Stein | Jun 3, 2013 | Attorney Blogs, Blog
Senate hearings about Apple’s alleged tax avoidance have been in the news the last few weeks. News stories abound, describing how Apple generates billions of dollars in profits overseas, using a chain of entities set up in Ireland, pays no U.S. income taxes on...
by Jacob Stein | May 3, 2013 | Attorney Blogs, Blog
The economic downturn we have experienced over the past few years have made sovereign states desperate for your money. We have seen a wide push by many developed nations, most notably U.S. and Germany, to pursue “offshore” wealth. The term “offshore” has a...
by Jacob Stein | Feb 12, 2013 | Attorney Blogs, Blog
Here is an interesting article from AP about citizenship for sale in the Caribbean. Most nations sell citizenship, or at least permanent residence with a path to citizenship (including the U.S. and many EU nations) – Caribbean nations make it very affordable. We...
