On September 13, 2021, the House Ways and Means Committee issued a series of proposals for consideration for the payment of the Biden Administration’s desired $3.5 Trillion infrastructure Bill. The final legislation will...
In an earlier blog post, I discussed the hidden danger of filing a Tax Court petition, i.e., that the IRS can raise new issues, including new penalties. In the case referenced in the prior blog post, Wegbreit v....
In a rare win for a taxpayer, a federal district court in Idaho turned down an IRS request to enforce third-party summonses for information and granted the taxpayers’ motion to quash the summonses. The court said the IRS...
The tax treatment of compensation to S-Corp owners has reared its head again in an August 11th report issued by the Treasury Inspector General for Tax Administration (TIGTA). As long as I have practiced...
Whether to implement a reincorporation of an S corporation, from say California to Texas, or to pave the way for an S corporation asset sale to a buyer taxed as a partnership, an F reorganization can be a tax efficient tool...
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