Posts by Mitchell Kopelman
Webinar: Health IT – Right-sizing privacy and security compliance to your business stage
Health IT will see strong growth in a post-COVID economy. Your ability to land new customers and investors to accelerate growth is contingent on your ability to demonstrate data security, privacy and HIPAA compliance. If you don’t know where to start or don’t know what you don’t know…. Watch Aprio and Nelson Mullins’ privacy &…
Read MoreAprio Healthcare IT Services Overview
Aprio is the first CPA firm out of the top 50 firms in the U.S. to have a dedicated Healthcare IT practice. We have a 30-year track record for helping technology and Healthcare IT companies achieve profitable growth. Beyond tax, accounting and audit, Aprio provides fast access to comprehensive specialty services Healthcare IT providers need,…
Read MoreGot Crypto? The IRS Doubles Down on Cryptocurrency Income
In 2019, the IRS initiated a new crackdown on virtual currencies and tax compliance. First, the IRS released new guidance on the taxability of virtual currency – the first in five years. They followed that guidance with the introduction of a new compliance measure included on the Form 1040, Schedule 1 for Additional Income and…
Read MoreHealthcare IT Trends in the Age of COVID
Are Virtual Currency Airdrops Really Taxable? IRS Clarifies New Tax & Reporting Requirements
The IRS released a memo on August 28, 2020, as part of an ongoing campaign to provide clarity on the taxability of virtual currency, this time focusing on whether cryptocurrency earned from microtasking is taxable income. While Aprio has been advising for years that most airdrops are taxable, spoiler alert: the IRS says yes, airdrops…
Read MoreWebinar: The Employee Retention Credit (ERC)
The Employee Retention Credit (ERC) is an important CARES Act benefit that may have been overshadowed by other more widely publicized programs. If you didn’t receive a PPP Loan, you may be able to take a payroll tax credit for qualified wages and other payroll expenses paid to your employees during shutdowns or during a…
Read MoreWebinar: Digital healthcare: Raising capital during COVID-19
COVID-19 has caused investors to rethink valuations, payment terms and investment holding periods. Expect thorough financial and tax due diligence, an analysis of individual’s and team’s capabilities, business models (including products and growth opportunities), capital structure and the market potential. Watch the webinar now to gain an insider’s perspective on the market and how…
Read MoreWebinar: Turn 2020 Losses into 2019 Deductions
Watch our expert panelists as we discuss how to claim COVID-19 losses and expenses on your 2019 tax return. Did you know that individuals and businesses can claim deductible disaster-related losses sustained in the current year on the prior year’s tax return? That’s right. This commonly overlooked tax incentive went into effect when President Trump…
Read MoreIRS Tax Notices 6173, 6174, and 6174-A, What They Mean and What To Do.
Did you receive the IRS tax notice 6174, 6174A or 6173 in connection with your virtual currency transactions? If you had virtual currency transactions in any of the relevant tax years (2013 through 2017), you may have been one of the 10,000 taxpayers who received a tax notice letter from the IRS recently. If you…
Read MoreIRS Releases New Guidance on Taxability for Certain Virtual Currency Transactions
Pay close attention, cryptocurrency investors: on Oct. 9, 2019, the IRS issued Revenue Ruling 2019-24 and 43 Questions and Answers, the first new guidance since 2014 on the taxability for certain virtual currency transactions. While the Revenue Ruling focuses on how to treat hard forks and airdrops, the 43 Questions and Answers deal with a…
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