Blog & Burrell Law News
TL;DR – Airdrops & Forks are taxable events when recipient has dominion & control over the cryptocurrency (always consult a competent tax advisor) Any time media reports stories of huge ascensions of wealth due to Bitcoin or other cryptocurrency, interest in acquiring cryptocurrencies increases.
The Tax Cuts & Jobs Act of 2017 (“TCJA”) makes December 31, 2019 (aka #NYE2020) the LAST date for investors to obtain the greatest tax benefit from investing in Opportunity Zones.
Investors who had purchased cryptocurrency through an Initial Coin Offering (“ICO”) may have a remedy under Section 12(a) of the Securities Act of 1933 to get their money back with interest.
On September 26, 2018, a federal judge for the U.
Regardless of whether you applaud or condemn the passage of the Tax Cuts & Jobs Act of 2017 (“TCJA”), there are changes to partnership audit procedures in the Bipartisan Budget Act of 2015 (“BBA”) that go into effect for tax years beginning after December 31, 2017 and could add additional compliance costs to certain taxpayers.
Burrell Law Helps Protect Client’s Trademarks by Obtaining Preliminary Injunction against Infringing Shoe Wholesaler On February 16, 2018, Burrell Law obtained a preliminary injunction, which is an emergency court order to stop a party from committing a certain act, against a shoe wholesaler for infringing on plaintiff’s service marks and trademarks (collectively, “Intellectual Property”).
On April 5, 2017, the Burrell Law Firm (the “Firm”) obtained a summary judgment order dismissing all claims brought against the Firm’s clients, a holding company and individual officers, in the matter Curtin v.
Under IRS Code Section 1341(a), a taxpayer can utilize a deduction when a taxpayer restores a substantial amount held under a claim of right “if (1) an item was included in gross income for a prior taxable year (or years) because it appeared that the taxpayer had an unrestricted right to such item; (2) a […]