The Internal Revenue Service (IRS), like any self-respecting bureaucracy, sometimes makes mistakes. ...
A Sordid Tale of Donkeys and Horses: Tax Court Style – Part One
The following tale is the first in a two part series relating to a couple of recent decisions from t...
IRS Ratchets Up Efforts To Pursue Noncompliant Taxpayers
The United States Department of Treasury (the Treasury) issued “The American Families Plan Tax Com...
Can Cleaners Be Treated As Independent Contractors?
The proper classification of workers is a decision that is critical to the success or failure of man...
Death Is No Defense When It Comes To FBAR Penalties
People often joke that the only certainties in life are death and taxes. Well, it turns out that, wh...
IRS Expands Operations And Issues Additional Guidance In Response to Ever-Changing Pandemic Environment
On April 24, 2020, the Internal Revenue Service (IRS) issued an internal memo advising its employees...
Proving ‘Material Participation’ In Today’s Digital Age
The fight over who meets the definition of a “real estate professional” is not a new one. Fortun...
Substantiating Business Expenses in Audits – Special Rules for Travel, Meals and Entertainment, Gifts, and any “Listed” Property Expenses
Substantiating business expenses is a common problem for many businesses going through an audit with...
Substantiating Business Expenses in Audits – Step Four: Proving a Business Expense is “Necessary”
Substantiating business expenses is a common problem for businesses going through an audit wi...
Substantiating Business Expenses in Audits – Step Three: Proving a Business Expense is “Ordinary”
Substantiating business expenses is a common problem for many businesses going through an audit with...
Substantiating Business Expenses in Audits – Step Two: Proving a “Trade or Business” Incurred the Business Expenses
Substantiating business expenses is a common problem for many businesses going through an audit with...