In prior blog posts (here) and (here) we discussed the McClendon case where a doctor made a loan to his business to make payroll, and in doing so, inadvertently exposed himself to liability for the trust fund recovery...
In a prior blog post, we discussed the case of Dr. Robert McClendon and the IRS’ assessment of the Trust Fund Recovery Penalty against him due to his attempt to do the right thing. In 2016, a U.S. District Court...
Taxpayers should be aware that the IRS’s test program for streamlined installment agreements is set to expire at the end of September 2018—just one month away. Under the test program, taxpayers may not be required to...
The IRS issued the eagerly awaited §199A proposed regulations on August 8, which will please some, but also leave others disappointed. Definition of Trade or Business As I discussed in an earlier blog post, since the §199A...
On July 11th, the 5th Circuit Court of Appeals heard arguments in Haynes v. United States regarding the application of a late filing penalty to an electronically filed tax return that was filed late due to a...
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