IRS Destroys 30 million Information Returns

In March of 2021, the IRS shocked taxpayers and tax preparers alike when an audit uncovered that the IRS office in Ogden, UT, had destroyed an estimated 30 million paper-filed information documents. Yes, 30 MILLION.   What are the possible consequences of this mass destruction? The IRS asserts that the data that was destroyed included […]

Implications of Holding Cryptocurrency in Foreign Wallets

Implications of Holding Cryptocurrency in Foreign Wallets Online marketplaces present cryptocurrency as a medium of exchange free of interference by powers like national governments and banks. Like many other nations, however, the United States is strengthening its stance that cryptocurrency is subject to laws and regulations like every other form of property. One of the […]