IRS States Bitcoins Are Property So the IRS has issued a Notice on the virtual currency known as Bitcoin: It’s not a currency, it’s property. Jolly good, you say, so what? Well, that decision has some major tax implications for the future of what...
Bonus Depreciation For 2015 Aircraft I read an interesting article in Aviation Week about the resilience of the market for the largest business jets. Their resilience as the aircraft of choice for ultra high net worth individuals, governments and corporations is no...
The U.S. Senate to Considers Law to Normalize State Income Tax Rules. This weekend I ran across some interesting legislation the U.S. Senate is taking a look at: the “Mobile Workforce State Income Tax Simplification Act.” We’ll call it MWSITSA just...
Florida Introduces New Form to Report Sales and Use Tax on Aircraft The Florida Department of Revenue (FL DOR) has updated its reporting form on the sale and use of aircraft in Florida. Form DR-15AIR (Sales and Use Tax Return for Aircraft) replaces Form DR-42A...
Tax Implications of U.S. Supreme Court’s Decision on Same Sex Marriage (DOMA) Surviving Spouse of Same-Sex Marriage Sues U.S. Government over Taxes Edith Windsor and Thea Spyer were lawfully married in 2007 in Ontario, Canada but lived in New York. Spyer died...
Not Only Will The NSA Store All Our Data In Bluffdale, Utah, Now They’ll Get A Tax Break On Their Electricity Too (via Techdirt) By now, I assume many of you are quite familiar with the NSA’s new data center in Bluffdale, Utah. Among other features, part...
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