With the emergence of digital assets, the question has arisen whether digital assets held in “wallets” in foreign exchanges need to be reported on Internal Revenue Service (IRS) Form 8938, Statement of Specified Foreign...more
1/8/2020
/ Bitcoin ,
Commodities ,
Cryptocurrency ,
Currency Exchange ,
Digital Assets ,
Digital Currency ,
Digital Securities ,
Digital Wallets ,
FATCA ,
FBAR ,
Filing Requirements ,
Foreign Assets ,
Foreign Exchanges ,
Foreign Financial Assets ,
Foreign Financial Institutions (FFI) ,
HIRE Act ,
Investment ,
IRS ,
Money Services Business ,
Popular ,
Regulatory Requirements ,
Reporting Requirements ,
Required Forms ,
Rulemaking Process ,
Tax Liability ,
Virtual Currency
On March 31, 2014, Governor Cuomo signed into law legislation that provides for an extensive reform of the state's corporate tax regime (the "Act"), most notably for out-of-state corporations providing digital products to New...more