It’s deja vu all over again as the Internal Revenue Service (IRS) is seeking to access customer data from Bitstamp. As with the Coinbase case, a taxpayer balked at the data sharing and filed suit to stop it. And just like the Coinbase case, the IRS won in part and lost in part. Bitstamp describes itself as…
The IRS has alleged that Facebook has failed to comply with a 7th summons isn’t the only tax issue for the social media giant. On the same day that Facebook announced second-quarter profits of $2.06 billion, the company indicated that could be subject to additional federal income taxes of $3 billion to $5 billion.
When it comes to taxes, even music royalty doesn’t get a pass. Prince, born Prince Rogers Nelson, has been a fixture in the music business since the early 1980s (yes, my friends all had their “Purple Rain” album covers hanging in their lockers). His reign hasn’t been without controversy – from racy lyrics (remember “Darling…
