Blog

Below please find updates pertaining to the latest in financial, business, and tax news:

• Can a Missing Statement in a Donation Letter Cost You the Entire Deduction?
  May 16, 2026
  Donating land to a city seems like a straightforward charitable act. You find a piece […]
• Can the IRS Deny Your Installment Agreement Because of Home Equity?
  May 9, 2026
  A taxpayer owes the IRS more than he can pay in a lump sum. He […]
• Can Your Business Deduct Credit Card Interest When the Card Is in Your Name?
  May 2, 2026
  Small businesses often struggle to get credit. Banks want collateral, financial history, and revenue figures […]
• Can the IRS Ignore Your Request for an Estate Tax Valuation Explanation?
  April 26, 2026
  When a family member dies and leaves behind interests in a closely held business, the […]
• If You Never Received a Form 1099, Do You Still Have to Report the Income?
  April 19, 2026
  The U.S. tax system reports income through Form 1099s and similar information returns. The payer […]
• Can the IRS’s Automated System Issue a Valid Notice of Deficiency?
  April 11, 2026
  Every year, millions of taxpayers receive letters from the IRS proposing adjustments to their tax […]
• Who Gets the Tax Credit When You Outsource Payroll to a PEO?
  April 5, 2026
  Many businesses outsource their payroll, human resources, and employment tax responsibilities to professional employer organizations. […]
• Selling a Furnished Vacation Home: Allocating Between Real & Personal Property
  March 28, 2026
  A vacation home is nice to have. Many vacation homes are owned for years–if not […]
• Can Corporate Suspension Foreclose U.S. Tax Court Review
  March 21, 2026
  There are a number of administrative rules that businesses have to comply with. This can […]
• Can the IRS Walk Away from an Installment Agreement?
  March 14, 2026
  Taxpayers who owe the IRS back taxes often try to work out terms with the […]
• Contribution of A Note to a Subsidiary: The Zero-Basis Rule
  March 7, 2026
  Businesses organized through multiple related entities routinely use promissory notes to move money between them. […]
• An Offer of IRS Appeals Review Can Preclude Judicial Review
  February 28, 2026
  The IRS assesses a tax penalty against you or your business. The audit closes and […]
• When the IRS Levies Estate Property, Whose Fight is it?
  February 21, 2026
  When a taxpayer dies with unresolved IRS issues—unpaid taxes, disputed levies, or unrefunded overpayments—the family […]
• The IRS Audit Credit-Card-to-Cash Estimation Method for Cash Businesses
  February 14, 2026
  When it comes to income taxes, cash businesses have always been a challenge for the […]
• When Does a Tax Return Mistake Become a Crime?
  February 8, 2026
  The IRS has limited resources. This is true of its human capital and its technology […]
• Estate Planning Attorney Personally Liable for Client’s Unpaid Taxes?
  February 1, 2026
  Estate planning and business attorneys often serve dual roles for their clients. Beyond providing legal […]
• What “Authority” for Accountant Nullifies the Disability Exception for Tax Refunds?
  January 24, 2026
  Deadlines are a central feature of our tax system. We have written about many of […]
• Can an Active Limited Partner Avoid Self-Employment Tax?
  January 17, 2026
  Self-emploiyment taxes are an additional tax over and above any income tax that may be […]
• When Providing Information to the IRS Discloses Additional Tax Due
  January 10, 2026
  The IRS consumes information about taxpayers. By and large, that is what the IRS is–a […]
• Missed Opportunity When a Partner Dies: the Section 754 Election
  January 3, 2026
  There are tax opportunities that come up when someone dies. Many of these relate to […]