In a move that some might consider tone-deaf, the IRS has done a mass mailing to microcaptive participants, boasting of its wins in Tax Court, and inviting taxpayers to amend prior year returns to remove the Federal tax...
This blog post has been updated to reflect updated FAQs released by the IRS and IRS Notice 2020-20. You can view the FAQs by following this...
Along with the many ails COVID-19 brings to the table is the possibility that it will cause a default on payments due under Compromise and Settlement Agreements with the Texas Comptroller. The potential implications of a...
Each year taxpayers are required to disclose their participation in a reportable transaction by filing a Form 8886 with the IRS. In recent years the IRS has added both Section 831(b) micro captives and syndicated...
Steve Beck has published the article, “The Section 199A Final Regulations – Important Clarifications, Part 2,” in Today’s CPA Magazine, January/February 2020 issue.
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