Resources Archive
September 4, 2019
IRS Form 8275: To Disclose or Not Disclose -- That Is The Question...
[ read ]
At least once in their career most tax return preparers have faced the dilemma of whether and how to make a disclosure with a tax return. A disclosure is an extra explanation beyond the usual income and expenses shown on a tax return. Not surprisingly, most taxpayers do not want to disclose anything more than necessary to the IRS. There may be privacy concerns or they just don't want the IRS to know anything more than necessary about them or their business. They also may be concerned that a disclosure is a red flag and will increase the chances of an IRS audit. All of these are legitimate concerns, but a disclosure can protect the taxpayer -- and maybe more importantly the tax return preparer -- from penalties.
September 3, 2019
New IRS Ruling Shows the Dangers of Standard LLC Agreement Provisions When an S Election is Made...
[ read ]
Most LLC agreements provide that distributions will be made to members in accordance with their positive capital accounts. In fact it is virtually boilerplate. So what happens when an LLC makes a Subchapter S election with this provision in its LLC agreement? You guessed it -- a second stock of class, and the need for IRS relief in resurrecting the S election, as a new IRS private letter ruling reveals.
September 3, 2019
First Charges Announced for Bad Entry Into OVDP Alternative...
[ read ]
Josh Ungerman was quoted in the Tax Notes article, "First Charges Announced for Bad Entry Into OVDP Alternative."
August 28, 2019
Partnership Tax Audit and Collection Rules Including Final Reproposed Regulations... [ read ]
August 27, 2019
35th Annual Tax Institute sponsored by the Panhandle Chapter/TXCPA... [ read ]
August 27, 2019
Is the IRS Going to Contact Your Neighbor or Others? New IRS Notices Say They Intend to Do Just That...
[ read ]
Many taxpayers have begun to receive a letter from the IRS stating that the IRS intends to contact other persons—including potentially the taxpayer's neighbors, banks, employers, and employees—about the taxpayer's tax liability.
August 27, 2019
The IRS Streamlined Procedures: Not For Everyone...
[ read ]
The IRS Streamlined Procedures are not a one-size-fits-all program, as evidenced by the successful criminal indictment of a taxpayer charged with filing a false "streamlined submission" to disclose his foreign accounts and activities.
August 23, 2019
Kollsman Case Offers Cautionary Tale for Art Appraisals...
[ read ]
Joel Crouch was quoted in the Tax Analysts article, "Kollsman Case Offers Cautionary Tale for Art Appraisals."
August 19, 2019
The Section 199A Final Regulations - Important Clarifications, Part 1...
[ read ]
Steve Beck published an article in the July August 2019 Issue of Today's CPA titled, "The Section 199A Final Regulations - Important Clarifications, Part 1."
August 19, 2019
When Can the IRS Abate Interest?...
[ read ]
Interest on a federal tax liability generally begins accruing from the date the tax should have been paid, even when the additional tax is due to IRS examination changes. IRC Section 6404 allows the IRS to abate interest under some specific circumstances, primarily unreasonable delay by the IRS in determining the taxpayer's tax liability.
Page 57 of 100
- <<
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32
- 33
- 34
- 35
- 36
- 37
- 38
- 39
- 40
- 41
- 42
- 43
- 44
- 45
- 46
- 47
- 48
- 49
- 50
- 51
- 52
- 53
- 54
- 55
- 56
- 57
- 58
- 59
- 60
- 61
- 62
- 63
- 64
- 65
- 66
- 67
- 68
- 69
- 70
- 71
- 72
- 73
- 74
- 75
- 76
- 77
- 78
- 79
- 80
- 81
- 82
- 83
- 84
- 85
- 86
- 87
- 88
- 89
- 90
- 91
- 92
- 93
- 94
- 95
- 96
- 97
- 98
- 99
- 100
- >>
- Last
