A Silver Lining for Companies Navigating the New Corporate Alternative Minimum Tax (CAMT) Landscape
If navigating the labyrinthine world of corporate taxation often feels like threading a needle in a storm, there’s a beacon of hope …
Tax News
IRS Tax Return Processing Delays 2023: Essential Updates
by Kelly Hanley As your friendly neighborhood tax attorney with two decades of experience wrestling with the IRS, I’m here to unravel …
How the IRS Became Houdini: The Role of Third-Party Doctrine
Have you ever attended a magic show, marveling at the magician’s ability to make things disappear right before your eyes? Abracadabra! One …
Navigating Tax Implications of Natural Disasters: A Guide for Recovery
Natural disasters have a profound impact on the lives and livelihoods of countless individuals and businesses each year. In the aftermath of …
Navigating the Sea Change: The New IRS Form 1099-K Tax Rule and Your Digital Wallet
The IRS, a name that evokes an emotional response for most. Whether it’s a gulp of trepidation or an assertive nod of …
Beyoncé’s Tax Dispute: Insights into the Pop Icon’s Battle with the IRS
Tax disputes often make headlines, and this time, it’s none other than Queen Bey herself, Beyoncé Knowles-Carter, one of the most famous …
New IRS Regulation Sets Rules for Supervisory Approval of Penalties
The Internal Revenue Service (IRS) has announced a new regulation that outlines rules for supervisory approval of penalties. This regulation, published in …
U.S. Tax Court Rules IRS Lacks Authority to Assess Penalties for Late or Unfiled Form 5471
Farhy v. Commissioner decision limits the IRS’s power to impose penalties for failure to file or filing late Form 5471 In a …
No Gain or Loss Realized in Crypto Protocol Upgrades, According to IRS Memorandum
The Internal Revenue Service (IRS) has released a new Chief Counsel Advice (CCA) Memorandum, providing guidance on the tax implications of cryptocurrency …
