Opportunity zone property After two sets of proposed rules, the Treasury and the IRS have now issued their final Opportunity Zone Tax Regulations, which went into effect on March 13, 2020, for tax years beginning after that date.  The Tax Cuts and Jobs Act created special tax benefits for investors.  A detailed analysis of each…

Certainly, the IRS will find a way to tax bitcoin. Recently, the Service issued a statement to the Wall Street Journal saying: “The IRS continues to study virtual currencies and intends to provide some guidance on the tax consequences” of transactions involving them. The agency is also “aware of the potential tax compliance risks posed by…