IRS Chief Counsel Advice 201511018 provides helpful clarification regarding the tax year in which a taxpayer is eligible to deduct a theft loss incurred in connection with a Ponzi scheme. Before addressing the new ground...
On June 5th, a number of IRS and DOJ representatives made presentations at the NYU’s Tax Controversy Forum in New York. The following were of interest.
Oklahoma Announces Limited Time Tax Amnesty Program Oklahoma has passed legislation authorizing and directing the OK Tax Commission to establish a “voluntary compliance initiative” to give shelter and relief to delinquent...
Any IRS exam can be nerve-wracking experience for a tax advisor. If there is a large mistake or pattern of mistakes, an ordinary exam may become an eggshell exam requiring much thought and skill to come through the exam...
Yesterday, the Bureau of Economic Analysis announced that it was extending the due date for new filers of the Form BE-10 Benchmark Survey of U.S. Direct Investment Abroad, a filing that may apply to U.S. persons that own,...
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