You Cannot Escape Cryptocurrency or International Tax Issues
You may wonder why this edition is not an ethics edition as is the EA Journal custom. Rumor has it that the Treasury Department plans to propose changes to Circular 230 this year. We have made an editorial decision this year to postpo... Thomas Gorczynski, EA, USTCP
Factors to Consider When Estate Planning with Cryptocurrency
The storm is here. The world is now fully entrenched in the cryptocurrency phenomenon and there is likely no turning back. Instead, tax and estate planning professionals must make sense of the cryptocurrency mania. Taxing authorities are g... Simon Mayali and Travis Thompson
Deciphering a Law: An Introductory Learning Module
Tax laws are often hard to comprehend, making it an unwelcome task. Even seasoned practitioners find themselves pouring over well-settled areas of the tax code. It can be a demanding a... Thomas J. Williams, EA, and Iris K. Palma, JD
The ERTC Means Big Dollars for Small Businesses, and It Is Not Too Late
As small business owners and individuals alike now pass the two-year mark of when their lives were first upended by COVID-19 shutting down the world and their livelihoods, many fraught mo... Thad Inge and Claire Nevill
Important Compliance Issues
C Corporation Reasonable Compensation Wages are deductible by a C corporation in computing taxable income, but dividends are not. In a closely held corporation, the owners might decide to take distributions in the form of sal... TheTaxBook
Our Job Is to Ask and Listen
It is an honor to be serving as the president for the National Association of Enrolled Agents (NAEA) this year. I have been involved with the NAEA in many ways over the years, having served on various committees and the board of directors. I have watched the ... Kathy Brown, EA
Cyber Insurance — Do You Have Adequate Limits?
Many insurance companies now offer cyber insurance as a part of their business package policies with available limits ranging between $25,000 to $50,000. Typically considered add-on coverage, this protection appears t... Robert G. Moody and George J. Kolczun, Jr.
Timing the Creditability of Accrued Foreign Taxes
Compliance-oriented tax professionals are—in many cases, for very good reason—most likely to first turn toward material published by the Internal Revenue Service (IRS) via instructions to tax forms and various handbooks in the resolution of que... Anthony Malik, EA
Providing a Positive Difference
About 12 years ago I landed what I thought was the perfect job for me at a company I had long admired. You might be wondering, “What was the job and for which company?” Here is on... Jonathan B. Call, EA
Taxes and Disco at the Summer Event
The national conference was one of the National Association of Enrolled Agents’ (NAEA) signature events for years. Drawing, at its height, close to 800 attendees, it was the event for education, networking, and (even) a little bit of fun. In 2022, we are bringing back al... Megan Killian