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U.S. Cryptocurrency Tax Losses and Business-Style Trading: How Ordinary Loss and Capital Loss are Treated Under U.S. Tax Law
U.S. cryptocurrency tax law continues to evolve unevenly, particularly where taxpayers seek to deduct significant digital asset losses as ordinary losses rather than capital losses. Unlike Canada, where courts have…
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401(k) and IRA Contribution Limits for 2026: Retirement Savings, Adjustments for Inflation, and SECURE 2.0 Changes American Taxpayers Must Know About
The U.S. Internal Revenue Service has released updated 2026 retirement-plan contribution limits for 401(k)s, IRAs, and related tax-advantaged and tax planning vehicles. The increases are driven by inflation adjustments and…
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The Evolution of Administrative Tax Penalties in Canada and Why it Matters to Canadians: From Guindon to Bozzer and Beyond
Introduction: CRA Administrative Penalties and the Canadian Courts Administrative tax penalties have become one of the Canada Revenue Agency’s (CRA) most powerful enforcement tools. Since the Supreme Court of Canada’s…
