At recent tax programs, IRS officials referenced a new program called “Hi-Def” which will be targeting wealthy people who have not filed tax returns. The program is intended to address the perception that the IRS ...
For any questions on this or any other legal matter, please feel free to contact Joel Crouch at (214) 749-2456 or jcrouch@meadowscollier.com or Kristen Cox at (214)749-2403 or kcox@meadowscollier.com.
It just keeps getting better for wealthy individuals! The Internal Revenue Service recently announced the inflation-adjusted estate and gift tax exclusion amount for 2020. For gifts made and estates of decedents dying...
As discussed in a prior blog post by my colleague, Anthony Daddino, here, the IRS began sending “educational” letters (i.e., warning letters) to taxpayers regarding their potential failure to report or pay tax on...
At least once in their career most tax return preparers have faced the dilemma of whether and how to make a disclosure with a tax return. A disclosure is an extra explanation beyond the usual income and expenses shown on a...
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