Super Bowl

Wake-Up Call

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Posted by REM CYCLE Staff

The Wake-Up Call is The REM Cycle’s biweekly compilation of newsworthy articles pertaining to taxation, accounting, and life in general. Got a hot tip? Email us at REMCycle@rem-co.com.

Planning a trip to the Grand Ole Opry in Nashville? Maybe you’re an Elvis Presley fan, off to pay homage at Graceland in Memphis. Either way, be cautious when booking that sweet, cheap apartment for the weekend—Tennessee is the latest state to make Airbnb  guests and hosts responsible for local sales and occupancy taxes. [Airbnb to collect and remit state, local sales taxes—The Advocate and Democrat]

The IRS is finally getting serious about collecting taxes on cryptocurrencies like Bitcoin and Etherium. How should newly-minted (sorry...we couldn’t help it) Bitcoin billionaires account for the incredible gains in the last few months? [How to file your income taxes on bitcoin in 2018—The Verge]

Taxpayers in NFL host cities, counties, and states pay an increasingly high price to host the league's biggest game. Is it worth it? Depends who’s playing... [What The Super Bowl Costs You In Taxes—TheStreet.com]

And in case you missed it: Stephen Colbert goes undercover as an H&R Block tax pro [YouTube]

That's it for this week. Check back with us next week!

Wake-Up Call - Don't hit the snooze!

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Posted by REM Cycle Staff

Welcome back to another edition of The REM Cycle's Wake-Up Call, our biweekly feature where we bring you a variety current tax-related issues. Let's get it started, shall we?

As the Super Bowl approaches, it’s time to examine our priorities… Specifically, how will the new tax structure affect your ability to get reasonably-priced craft beer? How the Tax Cuts and Jobs Act could impact small and independent craft brewers [Brewers’ Association]

A young Swiss banker allegedly abetted dozens of Americans in hiding millions of dollars from the IRS between 2009 and 2013 (hey, take advantage of offshore voluntary disclosure programs, guys!). Here’s what happened when he was extradited and brought to trial [New York Times]

Why is tax day April 17 this year? Tax returns for 2017 are due a couple days later than usual this year. Here’s why. [MSN.com]

SALT news for New York taxpayers: Representatives Nita Lowey (D-NY) and Peter King (R-NY) introduced a bipartisan piece of legislation last week to “restore the full state and local tax (SALT) deduction, which is limited by the new tax law that President Trump signed last month.” NY lawmakers offer bill to restore state and local tax deduction [The Hill]

How does blockchain technology work? Political scientist and blockchain researcher Bettina Warburg was challenged to explain the central concepts of blockchain to five different people: a child, a teen, a college student, a grad student, and a blockchain expert. Blockchain expert explains one concept in 5 levels of difficulty [WIRED-YouTube]

Meet Angel, a kitten who does not like to file her tax returns. Can you blame her? [YouTube]

That’s all for this week. Got a hot tip? Email us at REMCycle@rem-co.com and tell us all about it.