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...
May 8, 2024
Taxes may be the price we pay to live in a civilized society, but no one, no matter how wealthy they are, likes paying taxes. Many of us are guilty of procrastinating until the last possible moment to file taxes, possibly to the point where we completely forget and then pay a penalty on top of our taxes when we do...
Feb 21, 2024
It doesn’t matter if you work for a boutique company or the biggest, most well-known global organization, when the numbers don’t add up, the unfortunate answer could be embezzlement. Over in New Jersey, John Dunlea and his wife Nicole Alexander were charged with embezzling more than $1.5M from the McElroy, Deutsch,...