Resources

Most LLC agreements provide that distributions will be made to members in accordance with their positive capital accounts. In fact it is virtually boilerplate.  So what happens when an LLC makes a Subchapter S election...

The IRS Streamlined Procedures are not a one-size-fits-all program, as evidenced by the successful criminal indictment of a taxpayer charged with filing a false “streamlined submission” to disclose his foreign accounts...

Many taxpayers have begun to receive a letter from the IRS stating that the IRS intends to contact other persons—including potentially the taxpayer’s neighbors, banks, employers, and employees—about the taxpayer’s tax...

Joel Crouch was quoted in the Tax Analysts article, “Kollsman Case Offers Cautionary Tale for Art Appraisals.”

Steve Beck published an article in the July August 2019 Issue of Today’s CPA titled, “The Section 199A Final Regulations – Important Clarifications, Part 1.”