ERC Update: A Court Reminder That the Government Doesn't Always Interpret the Law Correctly... [ read ]

Jeffrey M. Glassman analyzes the recent decision in Tri-State Memorial Hospital v. United States and its implication for employers pursuing Employee Retention Credit (ERC) refund claims.

IRS Clarifies Meaning of Reasonable Cause for Form 5472 Penalties... [ read ]

Matthew Roberts examines the IRS's recent guidance clarifying the scope of "reasonable cause" for penalties related to late or delinquent filing of Form 5472.

The IRS Acts on the ERC Two-Year Deadline—Is It Enough?... [ read ]

Jeffrey Glassman examines the IRS's recent action addressing the two-year deadline for filing Employee Retention Credit (ERC) refund suits.

The Fifteenth Court of Appeals' Recent Decision Involving American Airlines, Inc. Creates Potential Refund Opportunities for Companies Engaged in Airline Transportation... [ read ]

David Colmenero and Alex Pilawski examine the Fifteenth Court of Appeals' recent decision involving American Airlines, Inc., which holds that the Texas franchise tax, as applied to American Airlines, Inc., is preempted by federal law.

The Texas Supreme Court Addresses What "In This State" Means in Sourcing the Sale of TPP For Texas Franchise Tax Apportionment... [ read ]

David Colmenero and Alex Pilawski examine the Texas Supreme Court's recent decision addressing the statutory meaning of "in this state" for purposes of sourcing revenue from the sale of tangible personal property in arriving at the Texas franchise tax apportionment factor.

IRS Form 3520 Penalties: What They Are and How to Qualify for Relief... [ read ]

Matthew L. Roberts examines the IRS's enforcement of Form 3520 and the significant penalties that may arise from late or missed filings.

Texas Court Vacates FinCEN Beneficial Ownership Reporting Rule for Non-Financed Real Estate Transactions... [ read ]

Joseph Rillotta examines recent developments concerning the Treasury Department's efforts to collect beneficial ownership information, including the U.S. District Court for the Eastern District of Texas vacating FinCEN's 2024 rule on non-financed residential real estate transactions.

Meadows Collier Partners Submit Comments on Proposed Updates to the IRS's Voluntary Disclosure Practice... [ read ]

ERC Litigation: The Time to Line Up Litigation Counsel is Now... [ read ]

Jeffrey M. Glassman discusses the approaching litigation deadlines facing taxpayers with denied Employee Retention Credit (ERC) refund claims.

IRS Notches Another Victory in Safdieh on IRS Form 5471 Penalty... [ read ]

Matthew L. Roberts examines the evolving judicial landscape surrounding IRS Form 5471 penalties in light of the Second Circuit's recent decision in Safdieh v. Comm'r.