The Internal Revenue Service (IRS) recently announced a renewed effort to ensure compliance with federal tax law, specifically focusing on high-income earners, partnerships, and large corporations. This additional scrutiny...more
9/28/2023
/ Artificial Intelligence ,
Audits ,
Compliance ,
Crypto Exchanges ,
Cryptocurrency ,
Disclosure Requirements ,
Documentation ,
Foreign Bank Accounts ,
Inflation Reduction Act (IRA) ,
IRS ,
New Regulations ,
Partnerships ,
Publicly-Traded Companies
On Feb. 28, 2023, the U.S. Supreme Court decided Bittner v. United States, holding that non-willful violations of the Bank Secrecy Act (BSA) should be handled per annual report, not per bank account, a ruling that saved the...more