by Sandra Mertens | Mar 23, 2020 | GCK on Law
The novel coronavirus, also known as COVID-19, has kept millions of people across the country in their homes, caused thousands to be laid off, and affected virtually every aspect of our lives. Each day, the government announces new endeavors to aid those affected by...
by Sandra Mertens | Mar 12, 2020 | GCK on Law
On December 20, 2019, Congress enacted the SECURE Act, which stands for “Setting Every Community Up for Retirement Enhancement Act of 2019.” P.L. 116-94, Division O. The Act aims to expand and preserve retirement systems, simplify complex rules, and make retirement...
by Sandra Mertens | Feb 17, 2020 | GCK on Law
FBAR penalty litigation has frequently been in the news recently, suggesting that the IRS is either (i) increasing its efforts to collect and assess FBAR penalties more than ever before, or (ii) seeking successful outcomes from “test cases” before beginning a new wave...
by Sandra Mertens | Feb 10, 2020 | GCK on Law
On September 6, 2019, the IRS published the new “Relief Procedures for Certain Former Citizens” who wish to come into compliance with their U.S. income tax and reporting obligations without being taxed as a “covered expatriate” under section 877A of the U.S. Internal...
by Sandra Mertens | Jun 6, 2019 | GCK on Law
Virtual currencies such as Bitcoin and Ethereum turned 10 years old in 2018. As virtual currencies become more mainstream, governments around the globe have brainstormed ways to regulate and tax virtual currencies. Fluctuations in prices, difficulties using or...
