Family limited partnerships (FLPs) are utilized by estate planning attorneys for a variety of reasons, including, the efficient transfer of wealth and asset protection. FLPs, when done right, can also position an estate for...
Federal tax law has long allowed theft loss deductions. And even though the Tax Cuts and Jobs Act of 2017 (TCJA) substantially limited theft loss deductions for tax years after 2017, the IRS released a Chief...
In what is the first decision of its kind, the Tax Court in Paschall v. Commissioner held that crypto staking rewards are income. The facts of the case are straightforward. The taxpayer held Cardano...
For employers still waiting on Employee Retention Credit (ERC) refunds, a recent federal court decision is worth a close look. In Tri-State Memorial Hospital v. United States, NO. 2:25-CV-0181-TOR (E.D. Wash., May 28,...
Under federal tax law, certain entities must file IRS Form 5472 to report specified transactions with related parties. To ensure compliance with this information return reporting obligation, Congress allows the IRS to impose...
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