» Cryptocurrency

Bitcoin Users Beware: IRS John Doe Summons Finds Partial Support at Court

January 23rd, 2018

Posted By

Joseph R. Viola

Virtual currencies like Bitcoin have been on the rise in recent years. 2017 saw the cryptocurrency market soar to $650 billion, with some investments more than doubling in value within the year. The skyrocketing value of these assets have caught the… Read More

Categories: Cryptocurrency

Tax FAQ & Info

I read somewhere that the IRS has imposed an IRA One-Rollover-Per-Year Rule – is there such a Rule and how does it affect me?

Under IRS Announcements 2014-15 and 2014-32, beginning in 2015, taxpayers can make only one rollover from an IRA to another (or the same) IRA in any 12-month period, regardless of the number of IRAs owned. The money in the taxpayer’s IRAs, including SEP and SIMPLE IRAs as well as traditional and Roth IRAs, is lumped together and treated as a single IRA for purposes of the limit. Since most pe…

» Cryptocurrency

Bitcoin Users Beware: IRS John Doe Summons Finds Partial Support at Court

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