Federal income tax laws have allowed theft loss deductions since 1916. Surprisingly, however, there has been a great deal of confusion more recently on whether taxpayers may claim theft loss deductions. Much of this confusion...
Apparently not every IRS employee is on involuntary sabbatical. Yesterday the IRS issued Fact Sheet 2025-07 setting forth FAQs on the Employee Retention Credit (ERC) limitations enacted under the One Big Beautiful Bill...
I attended an informative panel discussion titled Challenging Revocations to Tax-Exempt Status at the ABA Tax Section’s Court Procedure and Practice Committee’s programming slot. Towards the end of the...
In the mid-1960’s there were a series of popular Western film, produced in Europe by Italian film makers that came to be known as “spaghetti westerns”. These films include “A Fistful of Dollars”, “For a Few...
We are proud to announce that firm partner David E. Colmenero has been nominated to the Board of Directors of TXCPA for a three-year term. Congratulations! Founded in 1915, the Texas Society of Certified Public...
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