IRS reminds taxpayers to report virtual currency transactions | Internal Revenue Service

Reporting Virtual Currency Transactions


Tax professionals should be aware that income from virtual currency transactions is reportable on income tax returns. Virtual currency transactions are taxable by law just like transactions in any other property. The IRS has issued guidance in IRS Notice 2014-21 that addresses transactions in virtual currency, also known as digital currency.

The notice provides that virtual currency is treated as property for U.S. federal tax purposes. General tax principles that apply to property transactions apply to transactions using virtual currency. Taxpayers who do not properly report the income tax consequences of virtual currency transactions can be audited for those transactions and, when appropriate, can be liable for penalties and interest.

Read more…

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A Teen-Ager in Solitary Confinement | The New Yorker

By 

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In October, 2014, Prisoners’ Legal Services of New York reached a settlement with the New York State Department of Corrections and Community Supervision (doccs) in Cookehorne v. Fischer, which stipulated that minors in restricted confinement should be allowed out of their cells for six hours a day on weekdays–two for recreation time, and four for educational programming–and for two hours a day on weekends. Two class-action lawsuits have been filed against county jails in upstate New York: one in Onondaga County, which was settled in June and led to an end of solitary confinement for inmates under eighteen; and a second in Broome County, which was filed in July. In October, New York State’s Commission on Correction issued new standards for solitary confinement, which would mandate that local jails provide at least four hours of out-of-cell time for all inmates in isolation, including adults, and that jail officials notify the state when placing someone under the age of eighteen in solitary. Those rules, if approved, would not go into effect until January. So, for now, most county jails continue to determine their own rules for juvenile solitary confinement.
 
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Defendants Kept in the Dark About Evidence, Until It’s Too Late – The New York Times

By BETH SCHWARTZAPFEL–NYTIMES

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For decades, legislation to require prosecutors to turn over evidence earlier has run into stiff opposition from New York’s district attorneys, who present a powerful counterargument: the safety of witnesses. More than a dozen such bills have failed in the past quarter-century.

Now, the politics show signs of shifting, and a renewed effort is underway to push the Legislature to overhaul state discovery rules, following the example of traditionally more conservative states such as North Carolina and Texas.

This year, the New York State Bar Association for the first time is throwing its weight behind a new Assembly bill requiring prosecutors to automatically turn over police reports, witness names and statements, and grand jury testimony early in a case. Their endeavor is backed by the Legal Aid Society and the Innocence Project, a nonprofit that helps exonerate people who have been wrongly convicted, although it faces a difficult road. There is no companion bill in the Senate, and Gov. Andrew M. Cuomo has not embraced the idea.

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Read entire article…

Immigration 2017 | Emergency Preparedness for Families

Free CLE Program and Webcast for NYSBA Members 

and Co-Sponsoring Organizations

 

During the Presidential campaign and post-election, President Donald J. Trump indicated that he would implement significant changes in U.S. immigration law centered on an “America First” platform. On January 25th and 27th, the President signed three executive orders “Enhancing Public Safety in the Interior of the United States,” “Border Security and Immigration Enforcement Improvements” and “Protecting the Nation from Foreign Terrorist Entry into the United States.” The executive orders led to litigation in several federal district courts nationwide.

 

This panel will address a few of these sweeping immigration changes, their impact on families currently residing in the United States and in what capacity the legal profession may be able to meet the needs of immigrant families proactively through family safety planning. Panelists will discuss how to walk a family through a safety plan in a way that will maximize its effectiveness and provide an overview of various custodial and guardianship arrangements for children, both temporary and permanent.  Efforts by legal services providers and the private bar to meet the challenges immigrants face in this new environment will also be discussed.

 

If you are unable to attend in person, this program will also be recorded and streamed as a live webcast.

 

Program Topics

Overview of Drastic Immigration Changes that Impact Families 

Increased Need for Legal Representation in the Face of these Changes

 

Click Here to View the Program Agenda 

 

Program Panelists

Honorable Anthony McGinty | Ulster County Family Court

Deborah S. Kearns, Esq. | Albany County Surrogate’s Court

Sarah Rogerson, Esq. | Albany Law School

Alima M. Atoui, Esq. | Albany County Surrogate’s Court

Gerard Wallace, Esq. | Director, NYS Kinship Navigator 

Click Here to Learn More about the Program Panelists 

Wednesday, April 12, 2017  

3:00 p.m. – 5:00 p.m.

 

New York State Bar Center

One Elk Street | Great Hall | Albany, NY

2.0 MCLE Credits in Professional Practice

This is a transitional program suitable for newly admitted and experienced attorneys.

 

Learn More and Register Today  

www.nysba.org/EmergencyPreparedness2017 

 

Presented by the New York State Bar Association Committee on Children and the  

Law in conjunction with The Legal Project – Capital District Women’s Bar Association,  

Third Judicial District Gender Fairness Committee,  Liberty Defense Project,  Albany County Bar Association,  Empire Justice Center,  Albany Law School, NYSBA  President’s Committee on Access to Justice, NYSBA Committee on Immigration Representation, NSYBA Committee on Legal Aid, and the NYSBA Committee on Continuing Legal Education.

Congressional Republicans Kill FCC ISP Privacy Rules – TidBITS

by Josh Centers  

The Republican majorities in the United States House and Senate have voted to roll back Obama-era privacy rules for ISPs. The legislation is now headed to President Trump, who has indicated that he will sign it.

The rules set down by the Federal Communications Commission would have restricted your Internet service provider from collecting and selling your Internet browsing history to support advertising networks.

Read more for the clearest and most comprehensive analysis of this rules action (with a multitude of useful links) and suggestions about what to do to protect yourself…

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How Strong is San Francisco’s “Sanctuary City” Lawsuit Against the Trump Administration? | Vikram David Amar | Verdict | Legal Analysis and Commentary from Justia

 VIKRAM DAVID AMAR AND MICHAEL SCHAPS

With many eyes this week on the Ninth Circuit litigation challenging President Trump’s Executive Order regulating entry into the U.S. by nationals of seven Middle Eastern and African countries, less noticed but potentially as important is a separate lawsuit (San Francisco v. Trump) the City and County of San Francisco has filed against the feds focusing on a different Executive Order the President has issued–this one seeking to rein in so-called sanctuary jurisdictions. Although the term “sanctuary” lacks universal legal meaning, San Francisco has long considered itself a sanctuary city insofar as it limits its cooperation with federal immigration authorities. San Francisco’s stated view is that its residents are safer and healthier if undocumented residents feel free to report crimes to police and to avail themselves of other public resources (e.g., health clinics and schools) without fear that local authorities are actively working with the feds in deportation efforts.

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Read entire article and analysis…

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North Carolina Law Students Must Disable MacBook Pro Touch Bar for 2017 Bar Exam [Updated] – Mac Rumors

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This is a notice for all applicants who will be using their laptop at the February 2017 North Carolina Bar Examination. If you are planning to use the newest version of the Mac Book Pro with Touch Bar, you will be required to disable the Touch Bar feature prior to entry into the Bar Examination Site. 

To disable the Touch Bar: 

From the Dock, open System Preferences, then double-click Keyboard, then open the drop-down menu for “Touch Bar Shows,” and select Expanded Control Strip. 

Please be advised that the Announcing Proctor will make an announcement at the start of the exam session asking anyone who is using a Mac Book Pro with Touch Bar to raise their hand so that a proctor or ExamSoft technician can come to their seat and ensure that the Touch Bar has been disabled.

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No reason is given…but read more, including an update that California has issued an even more restrictive rule…

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