The IRS just won its third consecutive battle in its war against Section 831(b) microcaptive arrangements with the Tax Court’s decision in Syzygy Ins. Co., et al vs. Commissioner released on April 10, 2019....
Category: Blog
Senate Finance Committee Launches Tax Investigation of Conservation Easements
March 28, 2019
By Joel N. Crouch, Blog
On March 27th, the Senate Finance Committee launched an investigation into conservation easements by sending letters to 14 people involved in easement transactions. The letters ask for copies of appraisals, promotional...
Items You May Want to Discuss with Your Tax Preparer
March 25, 2019
Tax preparation time is a good time to discuss your financial situation with your Tax Advisor.
Utilizing a Relative’s Unused Lifetime Exemption to Eliminate Capital Gains Tax
February 28, 2019
By Jana L. Simons, Blog
Fundamentally, estate plans are designed to pass assets to future generations as efficiently as possible. Nevertheless, it might be beneficial to employ an “upstream transfer” to eliminate built-in gains on...
Appeals Court Holds That No Offer Is Too Low To Be A Qualified Offer
February 26, 2019
By Joel N. Crouch, Blog
In a prior blog post we discussed using a Qualified Offer as a tool for settling a tax case with the government. On February 8th, the U.S. Court of Appeals for the Federal Circuit issued an opinion in BASR...