The Taxation and Accounting Challenges of Cryptocurrency
“Cryptocurrency” — the very name sounds mysterious. When it comes to cryptocurrencies such as Bitcoin and Ether and their taxation, that sense of ambiguity remains, even for tax professionals. However, with the rise in use of these currencies, it is important to understand the U.S. tax treatment of such for planning and compliance purposes. This article explains how cryptocurrencies are viewed in the eyes of the IRS.
Banking Agencies Issue Final Rules on Commercial Real Estate Appraisal Threshold
The three major banking regulatory agencies — The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency — announced the issuance of a final rule that will increase the threshold for commercial real estate transactions requiring an appraisal from $250,000 to $500,000. Why the need for a new threshold amount?
Blockchain - What Business Professionals Need to Know
Blockchain is revolutionizing not only the financial and technology industries, but many industries that we encounter daily. Join us as we explore what Blockchains are and how they can impact our everyday business community.
The End of the Offshore Voluntary Disclosure Program (OVDP)
Since its inception in 2009, the Internal Revenue Service (IRS) Offshore Voluntary Disclosure Program (OVDP) has been available to provide taxpayers with undisclosed foreign financial assets and income in “offshore accounts,” and all required file foreign information returns, an opportunity to square those accounts with IRS before facing serious consequences. Despite the success of the OVDP, the IRS announced that it would be shutting down the program on Sept. 28, 2018.
MBAF has partnered with the Greater Miami Chamber of Commerce to conduct this year's Greater Miami Executive Survey. Our goal is to understand the needs of our business community. We want your feedback about the Greater Miami business environment including the opportunities and challenges you face, and how you rise to meet them.
MBAF is proud to sponsor the 2018 eMerge Americas Conference in Miami Beach. eMerge Americas is a unique convening of global enterprises, leading startups, and government leaders focused on innovative digital solutions transforming industries.
In 2017, we reported on how the Tax Cuts and Jobs Act (the Act), while mostly positive, did raise some concerns for the banking industry. Now that we are through the year-end reporting season and the first quarter of 2018, some of these concerns have ...
It’s not uncommon for companies to sell or “spin off” part of the business. However, valuation adjustments may be needed to reflect changes in the newly independent company’s relationship with its former parent. A question of dependen ...
On April 17, 2018, the federal banking agencies – The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency – issued a joint press release which “p ...