According to the IRS, virtual currency is “a digital representation of value that functions as a medium of exchange…” However, it does not have legal tender status in any jurisdiction of the United States. Virtual currency is used similarly to…
2 million ITINs set to expire in 2019. . . Taxpayers who do not qualify for a Social Security number use an ITIN as a tax identification (ID) number for filing and administrative purposes. At the end of 2019, several…
The State of New York dedicates substantial efforts and resources to ensure that business enterprises pay the sales tax they collect from patrons. Those New York businesses that fail to comply face a myriad of enforcement mechanisms by the New…