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    Damon Rowe was quoted in an article in the International Consortium of Investigative Journalists on April 3, 2024...

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    2023 Meadows Collier Annual VIRTUAL Tax Conference...

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Meadows, Collier, Reed, Cousins, Crouch & Ungerman, L.L.P.

901 Main Street, Suite 3700
Dallas, TX 75202

Phone: (214) 744-3700
Fax: (214) 747-3732
Toll Free: (800) 451-0093

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March 7 2023

Estate Income Tax Review... [ read ]

March 7, 2023

Mike Villa and Damon Rowe are guest speakers on the Tax Rep Network... [ read ]

March 3, 2023

Josh Ungerman was quoted in an article by Andrew Velarde in Tax Notes on March 1, 2023... [ read ]
Josh Ungerman was quoted in an article, "Supreme Court Hands Huge Victory to Non-Willful FBAR Violators," by Andrew Velarde in Tax Notes on March 1, 2023.

February 28, 2023

BREAKING NEWS: Supreme Court Rejects the Government's Aggressive FBAR Argument; FBAR Nonwillful Penalties Apply Per Form.... [ read ]
When a taxpayer omits a foreign account from an FBAR form and that omission is nonwillful, federal law can still impose a steep monetary penalty. Originally that penalty was capped at $10,000, but the law requires that the maximum penalty be inflation-adjusted each year. Currently, the maximum nonwillful penalty is $15,611.

February 22, 2023

TXCPA Professional Issues Update Webcast... [ read ]

February 21, 2023

The IRS Gets Serious About ERC Abuse... [ read ]
In a prior blog post, I discussed how both the IRS Examination Division and the IRS Criminal Investigation Division were starting to focus on Employee Retention Credits (ERC) and ERC promoters. In a recent interview, an IRS CID official said that there have already been 10 or 11 ERC indictments.

February 10, 2023

Can BBA Partners Make Deposits Under IRC Section 6603?... [ read ]
If you owe the IRS money in 2023, the interest accruals are far more costly than they have been in recent history. That is because Congress requires the IRS to charge a mark-up on the federal short-term rate, which has skyrocketed. Congress also has mandated that interest be compounded daily. Under these rules, most taxpayers are currently facing a 7% interest rate that compounds daily. Given these staggering interest rates, more and more of my clients are considering making what is known as a "deposit" to the IRS. Deposits stop interest from accruing to the extent of the amount of the deposit.

February 9 2023

IRS Proposes A New Acronym and a New Tip Reporting Program... [ read ]
The government loves a good acronym for a program, institution or act, like FATCA (Foreign Account Tax Compliance Act), TEFRA (Tax Equality and Fiscal Responsibility Act), NASA or IRS. There must be a branch of the government solely dedicated to creating acronyms and making sure the acronym is not offensive, like Seattle's South Lake Union Trolley which I understand was quickly changed to South Lake Union Streetcar.

February 9, 2023

2023 Financial Planning Association DFW Conference... [ read ]

February 7, 2023

Texas Budgetary Surplus & Tax Legislation Considerations... [ read ]