Main: (512) 717-5425

Cryptocurrency on the Hot Seat – Targeted IRS Enforcement

The IRS, on July 2, 2018 through its Large Business and International division, announced that it will begin targeted audits and other enforcement actions in a few specific areas. Importantly, the area of virtual currency or “cryptocurrency” was singled out for one of these enforcement campaigns. Through these campaigns, the…

News: Steve P. Presents National Webinar – Tax Aspects of Mergers and Acquisitions – Section 338(h)(10) Elections

The Tax Cuts and Jobs Act of 2017 significantly enhanced the tax deductions available for the costs of both new and used property used in a trade or business.  These enhanced deductions — including 100% immediate deductibility of asset costs — have caused M&A professionals, including tax professionals, to reassess…