Timely News Items
October 23, 2016
Tuesday October 25th, 2016
A little more than two years after the Internal Revenue Service issued bare-bones guidance on bitcoin and other digital currencies, the agency still hasn’t addressed many important tax matters affecting them.
The Justice Department has begun scrutinizing thousands of U.S. taxpayers’ Swiss bank accounts to compare bank information with what the taxpayers have reported to the IRS.
As access to mainland-listed ‘A shares’ expands, there are questions about tax on gains from 2009 through last year.
To fix an error on your tax return, file an amended return on Form 1040X.