Tax Carryovers: Do Statutes of Limitations Force You to Live with Your Mistakes?
We have previously discussed the statute of limitations regarding tax audits when the taxpayer applies a net operating loss (NOL) to
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Corporate Refund Claims With Minimum Tax Credit Perplex IRS
Corporations have been receiving refunds from carrying back net operating losses, but those taxpayers with alternative minimum tax implications in
Life Insurance Policy Loan: A Tax Nightmare
Bruce Brown fell into the life insurance policy loan trap. Brown, a commercial litigation attorney, purchased a life insurance policy
Payroll Tax Deferral for Federal Employees Prompts Criticism
A government notice indicating that President Trump’s temporary payroll tax deferral will go into effect for federal employees sparked alarm
Practitioners Cheer IRS Guidance on Minimum Distribution Waiver
The IRS served up a list of answers — and some perks — for taxpayers in its latest guidance on
Tax Free Growth with a Roth IRA
Roth IRAs are owned by 19 percent of all U.S. households. If you are younger than age 50, you can
4 Ways to Reduce Taxes on Foreign Earned Income
If you have a client who is an expat working in a foreign country, or if your client is a
The Pass-Through Entity Workaround to Beat the SALT Limitation
In the past year, several states have created a pass-through entity tax (PET) to circumvent the $10,000 cap for the
Tax Advantages of IRS Form 3115 – Request to Change…
What is Form 3115? According to the IRS, the form is filed “to request a change in either an overall
Commonly Asked Section 139 Plan Questions
Is there a cap on how much an employer can provide to an employee as a qualified disaster payment? No,
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