We previously discussed making a qualified settlement offer pursuant to I.R.C. Section 7430 to put pressure on the IRS and potentially collect attorneys’ fees and costs. How much does that offer need to be? In Mann...
The IRS has renounced its membership to the Green Day band fan club and finally restored due process in its procedures for assessing foreign gift tax return penalties. IRS Commissioner Danny Werfel publicly announced...
I always enjoy life-imitating-art moments, especially when a 1970s Saturday morning cartoon is involved. Yesterday the IRS launched a new initiative: A Wonder-Twin-esque collaboration between small and large business...
In February 2022, I wrote about the cryptocurrency staking case, Jarrett v. United States. A link to the prior blog can be found here. At issue in Jarrett was whether particular cryptocurrency tokens...
Yesterday the IRS announced the processing of 400,000 ERC claims, with the vast majority being approved and totaling $10 billion. The question is: should taxpayers cash the checks or assess their options? For most taxpayers,...
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