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Relief for Taxpayers Affected by Coronavirus Disease 2019 (COVID-19) Pandemic

The recent COVID-19 pandemic has already had a significant effect on our personal and professional lives.  Between states and localities implementing “shelter-in-place” orders, commercial activity grinding to a near halt, and the stock market seeing massive losses, the United States has taken a severe economic hit as well.  Many taxpayers...
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IRS and Virtual Currency

IRS Has Begun Sending Letters to Virtual Currency Owners Advising Them to Pay Back Taxes, Files Amended Returns; Party of IRS’ Larger Efforts The Internal Revenue Service has begun sending letters to taxpayers with virtual currency transactions that potentially failed to report income and pay the resulting tax from virtual...
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California Supreme Court Finds Workers are Employees and Not Independent Contractors, Decision Has Significance for Businesses and May Impact Employment Tax Audits

In Dynamex Operations West, Inc. v. Superior Court (Ct.App. 2/7 B249546, Los Angeles County Super Ct. No. BC332016), the California Supreme Court issued a critical decision on the question whether an individual worker should correctly be classified as an employee, or instead, as an independent contractor.  The court held that...
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IRS Announces Rollout Large Business and International Compliance Campaigns

On November 3, 2017, the IRS announced the roll out of 11 Large Business and International Compliance Campaigns (LB&I).  (See https://www.irs.gov/businesses/large-business-and-international-launches-compliance-campaigns-0).  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...
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