Monthly Archives: May 2014

IRS Tax Publications Are Not Binding Precedent

 Article Highlights: IRS help line advice is not binding IRS published guidance is not binding Tax court’s position on IRS published guidance If you are a taxpayer who thinks the answers you receive when calling the IRS help line are … Continue reading

Posted in Tax-Planning Tips | Leave a comment

Virtual Currency – Bitcoins

Article Highlights: Taxation of transactions in virtual currency Wages paid in virtual currency Payments to contractors in virtual currency Virtual currency as capital asset Virtual currency as inventory or property for sale Virtual currency is a digital representation of value … Continue reading

Posted in Accounting, Business Tips, Payroll Tips | Leave a comment