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News and Events
IRS Closer to Obtaining Virtual Currency Records
<p>On Nov. 30, 2017, after a lengthy summons enforcement proceeding, a federal district court issued an order granting in part and denying in part the IRS’s petition to enforce the summons. The court’s order (Coinbase, Inc., No.17-cv-01431-JSC (N.D. Cal. 11/28/17) (order re: petition to enforce summons) requires Coinbase to produce the following documents for accounts… </p>
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<p><a href="https://walk-law.com/irs-closer-obtaining-virtu
Jan 13, 2018
2017 Tax Reform – Last Minute Year-End Moves in Light of Tax Cuts and Jobs Act
<p>Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal tax you will pay. Since most of the changes will go into effect next year, there’s still a… </p>
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<p><a href="https://walk-law.com/2017-tax-reform-last-minute-year-end-moves-light-tax-cuts-jobs-act/" class="excerpt-read-more
Dec 27, 2017
IRS New Compliance Campaigns and International Audits of Individuals
<p>On November 3, 2017, the IRS announced the roll out of 11 Large Business and International (LB&I) Compliance Campaigns.LB&I previously announced the roll out of its first 13 campaigns on 1/31/17. In an effort to make the best use of its limited resources, the IRS is moving toward “issue-based examinations” in which a civil tax… </p>
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<p><a href="https://walk-law.com/irs-new-compliance-campaigns-international-audits-individuals/" class
Dec 13, 2017
New Appeal Procedures – California Franchise Tax Board
<p>Starting January 1, 2018, appeals of Franchise Tax Board (FTB) decisions will be heard by the Office of Tax Appeals. Created by Assembly Bill 102, known as the Taxpayer Transparency and Fairness Act of 2017, OTA will replace the appellate process currently handled by the State Board of Equalization. Signed into law on June 27th,… </p>
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<p><a href="https://walk-law.com/new-appeal-procedures-california-franchise-tax-board/" class="excerpt-read-
Nov 14, 2017
IRS Announces Rollout Large Business and International Compliance Campaigns
<p>On November 3, 2017, the IRS announced the roll out of 11 Large Business and International Compliance Campaigns (LB&I). LB&I had announced on Jan. 31, 2017, the roll out of its first 13 campaigns to be implemented. (See https://www.irs.gov/businesses/large-business-and-international-launches-compliance-campaigns) According to the IRS, LB&I continues to move toward issue-based examinations and a compliance campaign process… </p>
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Nov 3, 2017
Can the IRS Take My Passport?
<p>Are you about to embark on a business trip to Latin America or a well-needed family vacation to Italy or Paris? Do you work for a technology company and frequently travel overseas to Singapore or other Asian countries for work? Are you married to a person who has an outstanding tax liability? Well, it may… </p>
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<p><a href="https://walk-law.com/can-irs-take-passport/" class="excerpt-read-more">Read More</a></p>
Oct 1, 2017
Recent Case Sheds Light on FBAR Willfulness Penalty
<p>In Bedrosian v. United States, Dep’t of the Treasury, IRS, No. 15-5853, 2017 U.S. Dist. LEXIS 56535 (E.D. Pa. Apr. 13, 2017), Arthur Bedrosian opened a bank account at UBS in Switzerland in the early 1970s, and for years, he did not tell his accountant about his accounts. He did finally tell his accountant about… </p>
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<p><a href="https://walk-law.com/recent-case-sheds-light-fbar-willfulness-penalty-2/" class="excerpt-read-more">Read More</a>
May 26, 2017
Offshore Compliance Issues: Problems and Solutions
<p>Steven L. Walker will speak at Super Seminar before the California Society of Enrolled Agents in Las Vegas, Nevada, on the topic of Offshore Compliance Issues: Problems and Solutions. Tuesday, May 16, 2017 8:00 a.m. – 11:50 a.m. Rio All-Suite Hotel & Casino 3700 W Flamingo Road Las Vegas, NV 89103 Google map and directions</p>
Feb 6, 2017
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