News & Perspective

Phishing scams target tax professionals. With the number of scams in the United States exploding, the IRS is warning tax professionals again, to be aware of scams that specifically target the tax professional community. It is one of the reasons... Read More

Salt cap is not unconstitutional. In our ongoing Tax Court cases, we highlight the SALT cap, which was made political since it only impacted predominately coastal blue politically aligned states. The Second Circuit affirmed a district court's r... Read More

What happens when you don't file taxes. It may take some time for them to catch up to you, but they will. Unless you had a very good reason for not filing, like the people who had their tax papers destroyed in Katrina. We speak to an awful lot of ... Read More

Pandora papers reveal tax schemes. The Pandora Papers, and prior to that, the Panama Papers, have revealed a worldwide conspiracy by the world's richest individuals, celebrities, politicians, and sports figures, to hide assets and income, in of... Read More

Book and tax income part two. With the need for more revenue, governments around the world, including the U.S. Government, have been looking at ways to raise additional revenue. One of the ways discussed is closing loopholes, another under disc... Read More

Changes to Offer in Compromise part one. What is now known as the IRS Fresh Start Program used to be called the Offer in Compromise. The IRS has made some changes due to Covid's impact on the pocketbook's of taxpayers. An Offer in Compromise al... Read More

November child tax credit paid back. An old wise saying goes, "Nothing is free". Well for those who received the November advance payment for the child tax credit, that may be the case as they may have to pay it back. If your income was substa... Read More

Oregon man convicted of tax fraud. From Lebanon, Oregon, Robert Lund, a former computer consultant who had previously worked at Hewlett Packard, was sentenced to 3 and a half years in prison after a very complex and decades long effort to avoid... Read More

The ugly alternative minimum tax. The 2017 bill passed by then President Trump, the Tax Cuts and Jobs Act, made the alternative minimum tax rules much more taxpayer friendly for the tax periods 2019 all the way though 2025, and reduced the odds... Read More

Panama Papers and United States. The Panama Papers leak was a particularly revelatory story about Russians use of the offshore system. Once story reported that a Russian cellist, who had been friends with Putin since childhood, was secretly lin... Read More