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IRS scores victory over cryptocurrency trading platform

After a year-long battle in court, the Internal Revenue Service (IRS) has notched a victory over Coinbase, a leading cryptocurrency exchange headquartered in San Francisco. The Nov. 28 federal court ruling ordered that the company turn over the identities of more than 14,000 of its users.

Is that charity organization really tax exempt?

The holidays are a time in which you might feel the need to give to those who are less fortunate. As the season of good tidings approaches, you realize that you’ve had a blessed year for your family and business, and now you want to contribute money, food or toys to a charity organization. Donating in-kind is an easy way to give back to your community and, in turn, earn a tax deduction as the year ends. But, how do you ensure that the organization asking for your resources is really tax-exempt and supporting the cause they claim?

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