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The IRS called the complicated tax plans offered by international accounting and law firms to their wealthy clients in the late 1990s and early 2000s “tax shelters”. The IRS shut down that type of planning through...

The IRS issued Notice 2016-17 (a link to the Notice will be provided when available), effective March 23, 2016. The notice extends the initial filing deadline for the new Form 8971 to June 30, 2016. As discussed in last...

The Internal Revenue Service (“IRS”) recently issued its Fiscal Year 2015 Enforcement and Service Results report (the “Report”), which contains interesting information, particularly for owners of Subchapter K...

On 3/2/16, the IRS issued proposed (click here) and temporary (click here) regulations addressing the basis consistency requirements under §§ 1014 and 6035 of the Code. As discussed in my prior post (click here) on the...

Just like real estate brokers will help you stage your home before they list it, investment banks and commercial banks will advise you to perform a corporate house cleaning before you begin to market your company.  A few...