Shant Bedrosian



    Taxation of Bitcoin and Other Cryptocurrencies

    Starting from its genesis on Jan. 3, 2009, the taxation of Bitcoin transactions, as well as other cryptocurrencies (further referred to as “Altcoins”) that emerged using Bitcoin’s open source code, has been the subject of conversation for many novice investors and crypto enthusiasts alike. However, it was not until the sudden increase to the total market capitalization in 2017 that the conversations really started to heat up. In the span of one year, the total market capitalization encompassing […]

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      The 2015 PATH Act and Qualified Improvement Property

      History Since its inception in 2001, many taxpayers have used the Qualified Leasehold Improvements (QLI) designation as an effective tax planning strategy to help accelerate depreciation and recover the cost of certain improvements over a shorter period of time. For improvements that qualify, the recovery period is reduced from 39 years to 15 years. The improvement is also eligible for Bonus Depreciation and Section 179 expensing in the year placed in service. As beneficial as the QLI […]

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