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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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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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December 22, 2023

Firm Partner, Mary E. Wood was quoted in a Tax Notes article published today, December 22, 2023 titled "IRS Launches ERC Voluntary Disclosure Program."... [ read ]

December 22. 2023

New IRS Voluntary Disclosure for Questionable ERC Refunds Gives Taxpayers 20% "Cut" of the Monies Received... [ read ]
Yesterday the IRS launched a new voluntary disclosure program that allows employers who received questionable Employee Retention Credit (ERC) refunds to keep 20% of the monies they received.

December 19, 2023

Money Well Spent: IRS Expands Online Account Services for Businesses... [ read ]
Yesterday the IRS launched a new tool for businesses that expands online access to certain business tax account information. Available at IRS.gov/businessaccount, the new service is a key part of the agency's continuing service improvement initiative funded by the Inflation Reduction Act.

December 12, 2023

2023 Louisiana Tax Conference (Day Two)... [ read ]

Decemer 11, 2023

2023 Louisiana Tax Conference - (Day One)... [ read ]

December 8, 2023

ABA National Institute on Criminal Tax Fraud and Tax Controversy... [ read ]

December 8, 2023

IRS Issues Not-So-Soft Letters to 20,000 Taxpayers Disallowing ERC Claims... [ read ]
On Wednesday, the IRS announced the mailing of more than 20,000 letters to taxpayers notifying them of disallowed ERC claims. According to the announcement, the IRS is disallowing claims to entities that did not exist or did not have paid employees during the period of eligibility. This will be the first round of presumptively several rounds of letters, as the IRS continues to aggressively pursue ERC claims.On Wednesday, the IRS announced the mailing of more than 20,000 letters to taxpayers notifying them of disallowed ERC claims. According to the announcement, the IRS is disallowing claims to entities that did not exist or did not have paid employees during the period of eligibility. This will be the first round of presumptively several rounds of letters, as the IRS continues to aggressively pursue ERC claims.

December 7, 2023

Tax Court Decides What is Adequate Disclosure for Gift Tax... [ read ]
Anyone who makes a taxable gift (more than $17,000 in 2023, $18,000 in 2024) in a taxable year must file a Form 709, United States Gift Tax Return, reporting the gift to the IRS. Generally, the IRS then has three years to assess any tax due. However, if no Form 709 is filed or the gift is not adequately disclosed on the Form 709, the IRS has an indefinite time to assess any tax due.

December 5, 2023

East Texas Estate Planning Council... [ read ]

December 4, 2023

Soroban v. Commissioner: Some Limited Partners May Be Subject to Self-Employment Tax... [ read ]
The Tax Court recently called into question whether a partner designated as a limited partner is truly a limited partner. In Soroban Capital Partners, LP v. Commissioner, the court analyzed whether a partner was truly a limited partner in the context of Section 1402(a)(13) of the Tax Code.