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Avoid IRS Trouble by Reporting Bitcoin Cash

IRS guidance on the tax treatment of cryptocurrencies already exists. Right now, the IRS considers cryptocurrencies to be “intangible assets.” As a result, they are subject to capital asset treatment. However, recent developments complicate matters. On Aug. 1, Bitcoin split into two separate cryptocurrencies – Bitcoin and Bitcoin Cash. The…

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The Clock is Ticking

Some investment commentators have been predicting that the bull market is about to plunge and turn bearish ever since this long-running bull market launched back in March 2009. At some juncture, the naysayers will be right. Perhaps what’s most significant is the way stock prices have remained so steady throughout…

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Healthcare Reform Update

The Affordable Care Act (ACA) – also known as Obamacare – was not the perfect solution to the nation’s need for affordable healthcare, but it did increase the availability of quality, affordable healthcare for small businesses. Companies that had struggled for years – not only to find affordable health insurance…

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Sanctions on Foreign Adversaries, Breakthrough DNA Technology, and Fast-Tracked Approval for Generic Drugs

Countering America’s Adversaries Through Sanctions Act (H.R. 3364) – This Act expands U.S. sanctions against Russia (for annexing Ukraine’s Crimea and meddling in last year’s U.S. presidential election), Iran and North Korea (for weapons activities). It also establishes a congressional review process to authorize any changes to existing sanctions against…

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