Resources

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.

IRC Section 6038D requires any taxpayer who has an interest in a “specified foreign financial asset” to disclose that asset to the IRS on a Form 8938 attached to the taxpayer’s annual tax return. The penalty for failure...