IRS Hints at a Permanent Safe Harbor for Missed Portability Elections Earlier this week the IRS issued final rules on portability. Portability allows the surviving spouse to essentially inherit the portion of the decedent’s...
IRS Clarifies the Year in Which a Theft Loss is Sustained
June 10, 2015
By Stephen A. Beck, Blog
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...
IRS and DOJ representatives made presentations at the NYU’s Tax Controversy Forum in New York
June 9, 2015
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
June 8, 2015
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...
How To Identify, Prepare For And Succeed In An IRS Eggshell Examination
June 4, 2015
By Meadows Collier, Blog
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...