Several federal and state agencies have taken the initiative to regulate cryptocurrencies because Congress has not created (and the courts have not interpreted) a system for doing so. Until Congress does so, prudent investors must plan to file with and survive scrutiny from a number of federal agencies, private exchanges themselves, and possibly also the ... [Read more]
Insights and Analysis
To all of our Clients, Colleagues, and Associates We are so grateful for you this Thanksgiving! May you have a wonderful Holiday! Our best wishes, The ALFI Team
Taxpayers who are not eligible for Social Security Numbers (SSNs) need to apply for and receive an ITIN to pay their income taxes and to avoid: (1) delays receiving tax refunds; (2) interest and penalties on underpayments of tax, and (3) unnecessary backup withholding on non-employee income (reported on one of the various form 1099s). ... [Read more]