Sommers-Taxapedia

I first used Google Scholar when it appeared on the web more than 20 years ago, then largely forgot about it.

In 2025, after more than 35 years of using traditional legal research platforms, I made a major change in how I perform legal research.

With certain limited exceptions, U.S. taxpayers with ownership or signature authority over one or more foreign bank and investment accounts containing at least $10,000 (in cash or assets) in the aggregate on one or more days during the calendar year must…

Introduction: There is a raging debate on social media about whether the activity of cybercurrency staking is similar to a baker who creates a cake using raw ingredients and is not taxed until the cake is sold, or whether staking involves personal services

Introduction: What are a U.S. taxpayer’s reporting duties when receiving a foreign gift of a non-fungible token (NFT)?

Introduction: Say you receive a gift or inheritance1 from a foreign individual of cryptocurrency, or other assets, including cash: First, the good news – the gift is not taxable to either the foreign donor (giver) or the done (recipient) – you receive the…

Internal Revenue Code Section 1031 defers taxation involving exchanges of like-kind property held for investment or business.

With the recent Supreme Court decision in NCAA v Alston (decided June 21, 2021), student athletes may now capitalize on their name, image and likeness (NIL), similar to professional athletes.

With certain limited exceptions, U.S. taxpayers with one or more foreign bank and investment accounts containing at least $10,000 (in cash or assets) in the aggregate during the calendar year must file an FBAR (Report of foreign bank and financial account…

Little-known Form 3520 is required for reporting gifts or inheritances received from one or more foreign individuals totaling $100, 000 or more during the calendar year.