The Law Offices of Sammy Kim

The Law Offices of Sammy Kim Get A Lawyer To Fix Your Tax Problems For Good.

Many victims of cryptocurrency scams assume the entire loss is automatically deductible on their taxes.That is not alway...
06/18/2026

Many victims of cryptocurrency scams assume the entire loss is automatically deductible on their taxes.

That is not always the case.

In some recent matters, the DOJ and FBI have been able to trace and seize portions of stolen cryptocurrency funds before they were moved offshore.

When there is a reasonable expectation that some funds may be recovered, that can directly affect how the tax deduction is calculated.

Timing and strategy matter in these cases, especially before filing a return.

In my latest article on my Tax Blog, I discuss:

✔ How partial recoveries can impact theft-loss deductions
✔ Why filing an extension may sometimes be the better approach
✔ What taxpayers should understand before claiming a crypto scam loss

If you have experienced a crypto-related loss and are unsure how it should be handled from a tax perspective, it is important to get guidance before filing.

One thing I appreciated about my trip to Hawaii was the perspective it gave me.When you’re inside your office every day,...
06/15/2026

One thing I appreciated about my trip to Hawaii was the perspective it gave me.

When you’re inside your office every day, that can become your whole world. You get focused on deadlines, details, and little mistakes.

Travel reminded me that there is a much bigger world out there.

Sometimes stepping away for a moment helps you come back with a clearer perspective. 🌺🌊

I’ve been getting a lot of questions lately about the July 10 deadline tied to certain IRS penalty relief requests for o...
06/12/2026

I’ve been getting a lot of questions lately about the July 10 deadline tied to certain IRS penalty relief requests for older tax balances from the COVID period.

Many people online are talking about the possibility of having penalties reduced or removed, but one thing I’ve noticed is that the issue is often being oversimplified.

It’s not always as straightforward as: “If you qualify, the IRS will automatically remove the penalties.”

Eligibility can depend on timing, filings, notices, and the specific facts of your case.

Before assuming you qualify for relief, it’s important to review the details carefully.

If you’re unsure how the July 10 deadline applies to your situation, contact the Law Offices of Sammy Kim for guidance.

06/06/2026

I took a quick trip to Toronto recently to connect with the Korean business community through the American Korean Businessmen Friendship Forum (AKBFF), by invitation from the Canadian Korean Business Council (CKBC).

Several of us traveled there to meet professionals and build new relationships.

I was also struck by the scale of everything, from the food to the land to the hospitality.

06/02/2026

One thing I appreciated about my trip to Hawaii was not over-scheduling it.

My son and I spent a lot of time just driving around, stopping at different lookout points, and making time for sunrises and sunsets, and just taking in the scenery.

So beautiful. 🌴☀️🌊

05/28/2026

Last month, I joined a women’s golf group, Women on Course, in Hawaii.

I had heard it could open doors to connections and mentors I wouldn’t normally meet, plus I love golf, so I decided to give it a try.

Such a great experience!

Memorial Day.Taking a moment today to reflect and remember those who gave everything in service to our country.
05/25/2026

Memorial Day.

Taking a moment today to reflect and remember those who gave everything in service to our country.

05/22/2026

Played a round at Royal Hawaiian Golf Club with my son during our recent travels.

It’s one of those courses where you’re surrounded by mountains and greenery the entire time.

It honestly felt like being inside Jurassic Park.

At some point, I realized I wasn’t even focused on the game anymore. It was just too beautiful not to take in.

It feels great to give back. 💙This year, our team is donating a portion of our tax refunds to support organizations that...
05/19/2026

It feels great to give back. 💙

This year, our team is donating a portion of our tax refunds to support organizations that matter to us.

We’re contributing to organizations including NAAAP DC, which focuses on advancing Asian American professionals, and OCA MAPP, which supports mentorship, leadership development, and community engagement within the AAPI community.

How are you using your tax refund?

May is Asian American and Pacific Islander Heritage Month.About 10 years ago, I attended an AAPI event at the White Hous...
05/16/2026

May is Asian American and Pacific Islander Heritage Month.

About 10 years ago, I attended an AAPI event at the White House without fully understanding what it represented at the time.

Looking at it now, from where I am in my career and in business, I see it very differently.

Now, I understand now how much our communities and networks actually shape our opportunities, relationships, and growth.

I am proud to be a part of the Asian American business community.

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