Employee Retention Credit (“ERC”) transactions. My colleagues’ previous blog posts described how the IRS has added Employee Retention Credit transactions to its annual “Dirty Dozen” list (link). We are now seeing...
Category: Blog
California Introduces Settlement Proposal for Micro-Captive Insurance Transactions and Syndicated Conservation Easement Transactions. What’s the IRS’ Plan?
June 9, 2023
By Joel N. Crouch, Blog
On May 31, 2023, the California Franchise Tax Board (FTB) issued Notice 2023-02 providing a limited time settlement opportunity to taxpayers who participated in potentially abusive Micro-Captive Insurance (MCI) and...
In the Seinfeld episode called “The Truth”, Jerry is being audited by the IRS because Kramer convinced him to make a charitable contribution to help the victims of a volcano eruption in the nation of...
Sometimes the IRS is Even Steven
May 24, 2023
By Joel N. Crouch, Blog
Seinfeld fans will recall the episode called “Even Steven”, where Jerry was Even Steven. If he lost a gig, another one became available. If he lost money, he would find the same amount somewhere else. In two...
In Nutt v. Comm’r, the Tax Court held that electronic filing deadlines are in the eastern time zone (the time zone where the court is located). A link to the case can be found here. In Nutt, the taxpayers...