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SEC Crypto Announcements

Posted by: Zaher Fallahi

SEC Crypto Announcements Securities and Exchange Commission (SEC) Crypto Announcements According to the following report, Cryptocurrency ICOs are regulated by the Securities and Exchange Commission (SEC). This Report reiterates these fundamental principles of the U.S. federal securities laws and describes their applicability to a new paradigmvirtual organizations or capital raising entities that use distributed ledger […]

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SEC Crypto Announcements

Posted by: Zaher Fallahi

Securities and Exchange Commission (SEC) Crypto Announcements According to the following report, Cryptocurrency ICOs are regulated by the Securities and Exchange Commission (SEC). This Report reiterates these fundamental principles of the U.S. federal securities laws and describes their applicability to a new paradigmvirtual organizations or capital raising entities that use distributed ledger or blockchain technology […]

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Iranian OFAC Seminar in San Diego

Posted by: Zaher Fallahi

Zaher Fallahi, Iranian OFAC Attorney and Tax Attorney, CPA, will speak at the Association of Iranian American Professionals in San Diego on ”Legal and Tax implication of transferring money from Iran to the US”. For additional information, visit http://www.aiap.org/

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New 20% Deduction for Qualified Business Income (QBI) under the New Tax Law

Posted by: Zaher Fallahi

IRS provided Frequently Asked Questions (FAQ) on Section 199A Deduction for Qualified Business Income (QBI)   Basic questions and answers on new 20% deduction for pass-through businesses, estates and trusts. Below are answers to certain basic questions about the new 20% deduction for pass-through businesses, estates and trusts. Also known as the new §199A deduction for […]

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Iranian OFAC New Developments

Posted by: Zaher Fallahi

Iranian OFAC New Developments June 27, 2018.  Iranian OFAC, US Revokes JCPOA (BARJAM) related General Licenses H and I. For details see  US Revokes Iranian OFAC General Licenses H and I May 8, 2018.  Iranian OFAC, United States withdraws from the Joint Comprehensive Plan of Action (JCPOA) also known as the “Iran Nuclear Deal”. For details see  US Withdraws from JCPOA (BARJAM) […]

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Iranian OFAC, Revocation of JCPOA-Related General Licenses; Amendment of the Iranian Transactions and Sanctions Regulations; Publication of Updated FAQs

Posted by: Zaher Fallahi

Revocation of JCPOA-Related General Licenses; Amendment of the Iranian Transactions and Sanctions Regulations; Publication of Updated FAQs  June 27, 2018 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has revoked Iran-related General Licenses H and I, which were issued in connection with the Joint Comprehensive Plan of Action (JCPOA). OFAC also amended the […]

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United States withdraws from the Joint Comprehensive Plan of Action (JCPOA) also known as the “Iran Nuclear Deal”.

Posted by: Zaher Fallahi

May 8, 2018, re-imposition of the US sanctions against Iran On May 8, 2018, the President announced his decision to cease the United States’ participation in the Joint Comprehensive Plan of Action (JCPOA), or (BARJAM) in Farsi, and to begin re-imposing the U.S. nuclear-related sanctions that were lifted to effectuate the JCPOA sanctions relief, following […]

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IRS issued Guidance on revocation or denial of passports

Posted by: Zaher Fallahi

IRS issued Guidance on revocation or denial of passports to taxpayers with serious delinquent tax debt. In a new Notice, IRS has provided guidance for implementing the new law, which requires the IRS to notify the State Department of taxpayers certified to have “seriously delinquent tax debt (SDTD).” Upon receipt of such notification, the State Department […]

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Zaher Fallahi, OFAC Attorney and Tax Attorney, CPA, on 670 AM Radio

Posted by: Zaher Fallahi

Zaher Fallahi, OFAC Attorney and Tax Attorney, CPA, will be on 670 AM, a Los Angeles Radio Station, on Tuesday, August 29, 2017, at 2:00 PM to discuss the legal and tax implication of transferring money from Iran under the Iranian OFAC Regulations, including Offshore Accounts (FBAR, FATCA and OVDP), and answer the callers’ OFAC, […]

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IRS; Protect Taxpayers from Identity Theft

Posted by: Zaher Fallahi

IRS; Protect Taxpayers from Identity Theft Identity theft happens when someone steals someone else’s personal information for financial gain. Tax-related identity theft happens when someone uses another person’s stolen Social Security number (SSN) or Employer Identification Number (EIN) to file a tax return to obtain a fraudulent refund.   Many people first find out they […]

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