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THE VALLEY CURRENT®️ COMPUTERLAW GROUP LLP

Apr 9, 2025

In this episode of The Valley Current®, host Jack Russo and CPA Steve Rabin dive into the tax challenges surrounding financial scams. With IRS staffing cuts, shifting audit risks, and the post-TCJA loss deduction rules, victims of scams may find themselves with fewer tax remedies—unless a business is involved. Jack...


Mar 19, 2025

In this episode of The Valley Current®, Jack Russo speaks with CPA Steve Rabin about the future of AI in accounting and tax preparation. While AI-driven bookkeeping has seen major setbacks—such as the collapse of Bench—Rabin explains why human oversight remains essential for complex financial tasks. Simple...


Aug 7, 2024

Over the past decade, FinCEN (Financial Crimes Enforcement Network) has been responsible for a lot of reporting about financial accounts, but recently FinCEN has been trying to keep track of who owns what businesses. This affects corporations, LLCs and other entities. In response to new regulations, FinCEN just issued...


Jul 17, 2024

Are SAFE (Simple Agreements for Future Equity) as safe tax-wise as convertible debt? SAFEs were created by Y Combinator to simplify fundraising by avoiding lengthy negotiations associated with convertible notes, and unlike traditional loans, a SAFE agreement is a promise for future equity. Tax treatment...


Jun 19, 2024

Donald Trump’s taxes (and the tax code in general) have been a major source of controversy for years. Until now, inflating the value of your property to secure better loan agreements then later devaluing the same property has lurked in a gray area where this magnitude of asset manipulation has explicitly been labeled...