Apr 9, 2020 | Federal Tax Law, Tax Law
If your business is a partnership (particularly one under the Bipartisan Budget Act of 2015 (BBA)), you may have already filed your returns in March of 2020 for the 2019 tax year, and typically you would not be able to file an amended Form 1065 under the BBA. What if...
Apr 8, 2020 | Federal Tax Law, Front Page
Good News for Social Security Recipients!! – CARES Act in Response to COVID-19 Initially, under the CARES Act, social security recipients were going to have to file income tax returns, even if they normally did not have a tax return filing requirement. However, after...
Apr 1, 2020 | Federal Tax Law
Are Cruise Lines Going to Get a Bailout? The $2 trillion stimulus bill passed Friday, March 27, 2020, in response to COVID-19. Will the cruise lines, who are undoubtedly losing massive amounts of business right now get bailed out? Probably not. Did you know most...
Apr 1, 2020 | Federal Tax Law
IRS Employee Retention Credit In response to the current COVID-19 pandemic, the IRS has made an employee retention credit available to many businesses. Will you qualify? Generally, the credit is available to employers who fall into one of the following categories:...
Aug 14, 2019 | Complex Tax Cases, Federal Tax Law, IRS Tax Litigation, Tax Tips
The currency might be virtual, but the tax bills due the IRS for Bitcoin and other cryptocurrencies are very tangible. Recently, the Internal Revenue Service (IRS) sent letters to taxpayers engaged in virtual currency transactions. The notifications advise that...
Jul 19, 2019 | Complex Tax Cases, Federal Tax Law, IRS Tax Litigation, Tax Law, Tax litigation
What Mike “The Situation” Sorrentino Can Teach Us About Tax Fraud His mantra was GTL for “Gym, Tan, Laundry.”, but it just as well could summarize his tax fraud indictment and mean “Gonna Tax Litigate”. Mike Sorrentino starred on MTV’s...
