News & Perspective

RULES FOR CLOUD AND DIGITAL CONTENT Rules for cloud and digital content. The IRS proposed regulations 130700-14, to clarify how to classify transactions involving digital content and cloud computing. The new rules are designed to help taxpayers de... Read More

Automobile fleet regulations. Notice 2019-08, is the notice under Section 1.61-21(d) that shows the proposed IRS regulations updating the fleet average and vehicle cents per mile valuation, which are described in detail. To align the limitations o... Read More

Global tax reform has slowed. The pace of tax reform has slowed across most leading economies, a new report from the OECD says, calling for bolder tax reforms to address future challenges. Tax Policy Reforms 2019 describes the latest tax reforms a... Read More

Reconstructing records after disaster. This may be essential for tax purposes, getting federal assistance or insurance reimbursement. After a disaster, taxpayers might need  certain records to prove their loss. The more accurately the loss is esti... Read More

Beware tax preparer fraud. In its ongoing push to fight cyber crime, tax refund fraud, and identity theft, the IRS occasionally lists tax preparer's who have been caught in tax schemes designed to financially benefit them, and defraud the public o... Read More

Tax preparer due diligence. We receive calls from taxpayers who have had fraudulently filed tax returns and want to fix the problem. Crooked tax preparers can be the cause of a Tax Resolution nightmare. Some of the problems is that when fraud beca... Read More

Billions in lost revenue from businesses. The debate goes back and forth. Should businesses be given a tax cut to spur economic growth in times of slow growth, to only swell the deficit, and are the benefits of increased growth worth the risk of d... Read More

Tax consequences of s corp to c corp. We have had numerous clients of the last 30 years who have had tax debts because they either made the wrong status election upon the opening of the business, or because they then went from a c corp to an s cor... Read More

Owe taxes you may lose your passport. If you owe the IRS more than $52,000 in overdue taxes, you may not be able to get a new passport or renew your existing one--or it might be revoked, whether you're home or abroad. The IRS has notified more tha... Read More

The flora rule needs reform.Taxpayers have the right to appeal a decision of the IRS in an independent forum. This rule which was named after a 1960 U.S. Supreme Court case, limits access to judicial review by those who cannot fully tax their taxe... Read More