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Dave Guttman – Coinflip.tech

November 12, 2021 by admin

Dave Guttman is the Chief Growth Officer of Coinflip – the pushers, movers, and shakers of the cryptocurrency industry. Coinflip makes cryptocurrency accessible to all though a network of more than 3000 Bitcoin ATMs across the nation.

CoinFlip believes that bitcoin and blockchain technology have the ability to serve everyone. Since 2015, CoinFlip has empowered those left out by the traditional banking system to join an innovative and inclusive global economic system.

With low fees, the largest network of Bitcoin ATMs, and the most reliable customer support, CoinFlip is the best way to purchase and sell cryptocurrency. Kickstart your crypto investment journey today!

Filed Under: Today's Tax Talk

Record Tax Collection!

November 11, 2021 by admin

After all the hand-wringing about the Tax Gap, wealthy tax evaders and Crpto cheats the US Treasury collected a record $283,927,000,000 in total taxes in October, which was the first month of fiscal 2022. However, Federal spending hit $448,983,000,000 in October, which was the second highest ever for the first month of a fiscal year.

Do these numbers demonstrate a need form more money, or a need to cut spending? That is ALWAYS the battel question.

Attorney Steven A. Leahy reviews the latest tax numbers.

Filed Under: Today's Tax Talk

Infrastructure: Tax Breaks For Trial Attorneys

November 10, 2021 by admin

The 2,100-page Infrastructure Bill is full of payoffs for special interests. One of the most egregious examples is the change in the tax law granting trial attorneys to deduct legal fees as they incur them – even though these fees may be reimbursed by their clients at a later date.

The up front fees have never been deductible. These fees have been treated like non-deductible loans to clients since they may eventually get reimbursed at the end of the case when the client settles or wins.

Attorney Steven A. Leahy reveals the new generous for Trial Attorneys hidden in the new law.

Filed Under: Today's Tax Talk

Flawed Infrastructure Crypto Provision

November 9, 2021 by admin

The new infrastructure bill expands the definition of cash to include “digital assets” and includes tax reporting provisions that capture Miners, stakers, lenders, decentralized application and marketplace users, traders, businesses, and individuals into these reporting requirements

The Crypto Industry and many in Government want to :”fix” the legislation by narrowing the definition of “broker” so the Internal Revenue Service can not target crypto miners, developers and others, who don’t have any customers or have access to information needed to comply with tax reporting requirements.

Attorney Steven A. Leahy reviews the new Bill and the impact on the Crypto industry and growth.

Filed Under: Today's Tax Talk, Uncategorized

Attorney Steven A. Leahy

November 5, 2021 by admin

Steven A. Leahy is the Principal of the Law Office of Steven A. Leahy, PC and Opem Tax Advocates. He is a regular contributor on law and tax-related matters across Chicago media, including WGN 720 Radio, ABC 7 News, Fox Chicago, and WLS 890 Radio. He is also the host of the long running radio show “The IRS Radio Hour” on 560 the Answer in Chicago every Sunday evening at 5:00 pm. Attorney Leahy is also the author of “Deal With Your IRS Problems Today.”

The typical client at Opem Tax Advocates includes business professionals with unfiled tax returns and other IRS related issues. He obtained his Juris Doctor and graduated cum laude from the John Marshall Law School in Chicago. He also obtained his Master of Laws in Information Technology from the John Marshall Law School, where he graduated with Honors. He obtained his Bachelor of Science from Loyola University Chicago in Business Administration, Finance. 

He is fully licensed to practice law in the United States Supreme Court, State of Illinois, Northern District of Illinois & US Tax Court. Additionally, he is licensed to practice law in the State of Tennessee, and the Middle District of Tennessee (pending). 

Steven A. Leahy has extensive knowledge and experience in the laws of IRS Tax Resolution, United States Bankruptcy, and Illinois Foreclosure Law.

minal Defense Attorney Nishay Sanan. Attorney Sanan defends those accused of financial crimes. He has participated in many high profile cases, including defending the late John McAfee.

Filed Under: Today's Tax Talk

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