Resources

The lifetime estate and gift tax exemption has risen more than 1600% over the past two decades. In 2017, with an exemption of $5,490,000, there were roughly 5,200 taxable estates but with an exemption of $11,180,000, that...

In November 2015, as part of the Bipartisan Budget Act (BBA) of 2015, Congress enacted a new centralized partnership audit regime to replace the TEFRA partnership rules. The new centralized partnership audit regime is...

Please read the following article, “What the IRS Criminal Investigation Fiscal Year 2017 Annual Business Report Means for Tax Professionals and Taxpayers,” by Josh O. Ungerman, Issn. No. 1069-1553 INSIDE BASIS at...

Josh Ungerman was quoted in the Bluebook article, “Federal Court Upholds Maximum Penalty for Willful FBAR Violation.” Please click the link to read the article. Ryan Finley, Federal Court Upholds Maximum Penalty...

On December 20th, the IRS released Revenue Procedure 2019-9 providing guidance on whether disclosure of an item or position taken on a tax return is adequate for purposes of reducing or eliminating the Substantial...