The passive foreign investment company (PFIC) rules are complex and nuanced. Generally, a U.S. shareholder with a PFIC interest must pay federal income tax on “excess distributions” received from the foreign corporation...
The Internal Revenue Code (Code) contains more than 100 penalties. Used as a means to deter and punish unwanted taxpayer behavior, penalties may apply where a taxpayer files a return late, where a taxpayer pays tax late, or...
We are proud to announce Meadows Collier has been ranked as a 2026 Tier 1 law firm in Dallas/Fort Worth by Best Law Firms® for the following practice areas: Commercial Litigation, Criminal Defense: White-Collar, Litigation...
In his latest article with Bloomberg Tax, “Sidelining IRS’s Criminal Tax Counsel Would Harm Taxpayers,” firm partner Joseph A. Rillotta discusses how sidelining the criminal-tax counsel within the Internal...
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...
Signup to receive the latest blog posts in your inbox!
You have successfully joined our blog list. You'll receive an email from us when we post a new blog!
nationally-recognized
tax powerhouse. Our Capabilities