STEVEN TOSCHER and MICHEL STEIN are quoted in Law360’s article, “Expect IRS Crypto Guidance On Basis, Hard Forks, Attys Say. Highly anticipated IRS guidance on cryptocurrency will likely address cost basis and the treatment of hard forks, or the splitting of cryptocurrency blockchain, and will likely be more authoritative than guidance put out in 2014, […] Read More…
The Treasury Inspector General for Tax Administration Issued a report to the IRS Commissioner on May 23, 2019 pointing the way to increasing the efficacy of its Information Referral Program to increase tax compliance and raise revenue. The IRS has long had a program where the public could report to the IRS alleged non-compliance with […] Read More…
The general rule is that under IRC Section 6672(a), a person “required to collect, truthfully account for, and pay over any tax…who willfully fails to collect such tax, or truthfully account for and pay over such tax” (known as trust fund taxes) is liable for a penalty equal to the total amount of the tax […] Read More…
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