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Three Recent U.S. Tax Evasion Prosecutions: Bitcoin, Payroll Taxes, and Yoga Empire
Overview – IRS tax evasion cases Recent IRS tax evasion prosecutions reflect how diverse misconduct—from sophisticated crypto concealment to failure to remit payroll taxes and repeated non-filing—can result in serious…
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How U.S. Commercial Real Estate Investors Can Best Leverage’ Nonrecognition Tax Transactions’ to Defer Tax
Understanding Tax Deferral Strategies for U.S. Investors For U.S. taxpayers looking to strategically manage their tax obligations, nonrecognition transactions offer a valuable set of tools. These provisions within the Internal…
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Latest Developments in U.S. Taxation of Cryptocurrency: What American Crypto Traders, Crypto Investors Need to Know Now
As crypto continues to evolve rapidly, so does the U.S. taxation of cryptocurrency, with the IRS and other federal agencies taking an increasingly active role in regulating and enforcing compliance…
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CRA Tax Benefits for Canadian Caregivers: Disability Tax Credit (DTC), Medical Expense Tax Credit (METC), and Canada Caregiver Credit (CCC)
Overview Caring for a loved one with a disability or chronic illness is an act of compassion, but it often brings significant financial challenges along with the emotional toll. Whether…
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When Canadian taxpayers have severe emotional trauma, documentation from psychologists, doctors is key to Taxpayer Relief Requests: Bifano v Canada (Attorney General)
Introduction: Taxpayer Relief and Circumstances That Led the Applicant to Seek Judicial Review Under the Income Tax Act (the “Tax Act”), the CRA has the authority to grant taxpayers relief…
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Tax reporting rules, tax obligations for regular trusts and bare trusts: What Canadian taxpayers need to know now
HOW WELL DO YOU KNOW YOUR TRUST TAX OBLIGATIONS? A trust is a legal relationship that is created where property is entrusted to a person to hold or manage the…
