April 2018

How to Win a Case in Tax Court

2018-12-08T22:17:31+00:00

Cases that get to Tax Court are those where you, the taxpayer, have a dispute that needs to be resolved with the Internal Revenue Service over federal income taxes. When the IRS calls you for an audit, you may choose to agree with the agency's assessment or disagree. When [...]

How to Win a Case in Tax Court2018-12-08T22:17:31+00:00

The Connection Between Bankruptcy and Tax Liability

2018-12-08T22:18:10+00:00

If you owe taxes to the IRS, filing for bankruptcy protection may be one of the ways in which you could discharge that tax debt. However, it is important to remember that bankruptcy is not often a cure-all when it comes to tax debt. There are some circumstances under [...]

The Connection Between Bankruptcy and Tax Liability2018-12-08T22:18:10+00:00

IRS Clarifies New Tax Law Did Not Kill Home Equity Interest Deduction

2018-12-08T22:22:59+00:00

By Mary Lundstedt According to the February 21, 2018, IRS news release, IR-2018-32, there are still circumstances for which interest on home equity loans is still deductible under the Tax Cuts and Jobs Act of 2017. The IRS has now clarified that "taxpayers can often still deduct interest on a [...]

IRS Clarifies New Tax Law Did Not Kill Home Equity Interest Deduction2018-12-08T22:22:59+00:00

States Poised to Allow Payment of Taxes with Cryptocurrency – Are You Ready?

2018-12-08T22:16:51+00:00

By Mary Lundstedt As cryptocurrency continues to inspire global awareness and dialogue, the news in the US has mostly focused on its regulation as a commodity; however, very recently, states like Arizona and Georgia are on the brink of recognizing Bitcoin, and its kin, as currency--allowing people to pay their [...]

States Poised to Allow Payment of Taxes with Cryptocurrency – Are You Ready?2018-12-08T22:16:51+00:00

End of Offshore Voluntary Disclosure Program Imminent

2018-12-06T08:08:24+00:00

By Eli S. Noff, Partner and Mary Lundstedt On March 13, 2018, the IRS issued news release, IR-2018-52, announcing that the Offshore Voluntary Disclosure Program (OVDP) will close on September 28, 2018. The OVDP’s objective has enabled willful US taxpayers with undisclosed foreign assets to become compliant with US tax laws, while [...]

End of Offshore Voluntary Disclosure Program Imminent2018-12-06T08:08:24+00:00
Call Now