Ben Tompkins Named to POWER List for Tax Attorneys by Missouri Lawyers Weekly

Ben Tompkins Named to POWER List for Tax Attorneys by Missouri Lawyers Weekly

Kennyhertz Perry, LLC is pleased to announce that Missouri Lawyers Weekly recently named Ben Tompkins to its 2021 “POWER LIST” for tax law.  After interviewing attorneys around Missouri and consulting Missouri Lawyers Weekly’s archives, the publication’s editorial team included Ben on its list of “the 26 most powerful tax attorneys in Missouri.”   Missouri Lawyers Weekly

ABA Publishes Article by Ben Tompkins on IRS Cryptocurrency Enforcement Efforts

ABA Publishes Article by Ben Tompkins on IRS Cryptocurrency Enforcement Efforts

Even during a global pandemic, prosecuting cryptocurrency tax crimes is still a priority. The Internal Revenue Service estimated back in 2018 that potentially unreported cryptocurrency tax liabilities represent about 2.5 percent of the more than $450 billion tax gap.  With the focus on tax fraud by the IRS’s new Fraud Enforcement Office, continued emphasis on

Kansas Department of Revenue issues notice requiring any seller providing goods or certain services in Kansas to register, collect and remit state sales tax beginning October 1, 2019

Kansas Department of Revenue issues notice requiring any seller providing goods or certain services in Kansas to register, collect and remit state sales tax beginning October 1, 2019

On August 1, 2019, Kansas issued Notice 19-04 that requires any remote seller, regardless of physical presence, to register, collect and remit sales taxes on any sales of tangible personal property and/or certain services in Kansas. This notice interpreted K.S.A. 79-3702(h)(1)(F) “to the fullest extent permitted by the law.” As provided in the Notice, “Kansas

IRS Intends to Notify More Than 10,000 Taxpayers with Unreported Cryptocurrency Transactions by the End of August

IRS Intends to Notify More Than 10,000 Taxpayers with Unreported Cryptocurrency Transactions by the End of August

As detailed in this IRS news release today, the IRS has begun sending letters to taxpayers with virtual currency transactions that may have resulted in tax liabilities.  This notice provides: “Taxpayers should take these letters very seriously by reviewing their tax filings and when appropriate, amend past returns and pay back taxes, interest and penalties,”

Community Banks Exempted from the Volker Rule

Community Banks Exempted from the Volker Rule

The Federal Reserve Board, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Securities and Exchange Commission announced yesterday that they adopted a final rule to exclude community banks from the Volcker Rule, consistent with the Economic Growth, Regulatory Relief, and Consumer Protection Act.

IRS-CI Continues to Investigate Unreported Cryptocurrency Gains

IRS-CI Continues to Investigate Unreported Cryptocurrency Gains

As detailed in a recent Forbes article, an experienced IRS Special Agent and cyber-crime coordinator for IRS Criminal Investigation reiterated that taxpayers should not fail to report or use cryptocurrencies to evade their taxes liabilities. As previously disclosed in IRS Criminal Investigation’s 2018 Annual Report (as well as in other publications and statements at other

Kennyhertz Perry’s Tompkins Presents at KCMBA’s Bench-Bar & Boardroom Conference

Kennyhertz Perry’s Tompkins Presents at KCMBA’s Bench-Bar & Boardroom Conference

Recently, Kennyhertz Perry’s Attorney Benjamin Tompkins presented at the Kansas City Metropolitan Bar Association’s 46th Bench-Bar & Boardroom Conference 2019 in Branson, Missouri. Tompkins was a co-presenter for a Continued Legal Education opportunity entitled “Legal Issues Unique to Medical Marijuana, CBD Oil and Cultivation of Cannabis.” Tompkins focused his presentation on tax considerations for and