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Overstock will become the first company in the U.S. to pay its taxes in bitcoin. The online retailer will take advantage of a program in Ohio, announced in November, to pay a portion of its taxes using the cryptocurrency.

source: MarketWatch

There is no doubt that estate tax planners were giddy when the estate tax exemption was raised to $11.18 million. However, as part of Tax Cuts and Jobs Act, there are income tax implications to certain types of estate planning that may help your clients.

source: CPA Practice Advisor

Deep in Gov. Gavin Newsom’s new budget is a figure that says a lot about California’s shaky legal marijuana market: The state is expecting a lot less cash from cannabis taxes. The Democrat’s proposed spending plan projects...

source: MarketWatch

The IRS’s decision to process tax refunds during a partial government shutdown would require the IRS to call employees back to work without pay and raise the possibility of more shutdown-related lawsuits against the Trump administration. The...

source: Bloomberg BNA

When the Tax Cuts and Jobs Act was passed in a whirlwind vote at the end of 2017, significant questions arose regarding implementation of the new law — and one of the biggest sticking points was the 20 percent deduction under...

source: Accounting Today

As of the turn of the year, seven more states now require out-of-state sellers to collect and remit sales tax. States were once prohibited from taxing sales by businesses with no physical presence in the state.

source: AccountingWEB


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