IRS Tax Planning; Tax Minimization

TOPICS / PROCEDURE

October 1, 2017

Recent developments in estate planning: Part 2

This second of a two-part article discusses GST tax and trust tax developments, as well as tax reform proposals and inflation adjustments for 2017.

September 27, 2017

Republicans unveil tax reform framework

Republican leadership released a tax reform framework that calls for fewer individual tax brackets, a lower corporate tax rate, and elimination of many tax deductions.

August 1, 2017

Proposed budget contains tax reform provisions and would authorize regulation of tax return preparers

President Donald Trump’s proposed FY 2018 budget includes a new proposal to give the IRS authority to regulate paid tax return preparers.

August 1, 2017

Will tax reform make C corps. more attractive for closely held businesses?

Tax reform is expected to reduce the tax rates imposed on C corporations’ taxable income, giving closely held businesses a significant reason to consider converting.

July 1, 2017

Potential merger incentives resulting from proposed tax reform

The House Blueprint, if enacted, may provide incentives for certain taxpayers to merge in the future.

July 1, 2017

Trump administration explains tax reform proposals

Key features include a large reduction in the corporate tax rate, fewer and lower tax brackets for individuals, and a repeal of the estate tax and the alternative minimum tax.

July 1, 2017

Tax reform: Accounting method opportunities

Accounting method planning that accelerates deductions or defers revenue could provide corporations with the potential to take deductions at the current rate and recognize revenue at a proposed lower rate.

July 1, 2017

The importance of properly identifying the employer

When multiple entities have a relationship with a worker, the determination of which entity is the
“employer” can have significant additional tax consequences.

July 1, 2017

Appropriations bill targets IRS conduct

The 2017 appropriations bill passed by Congress includes $11.2 billion for IRS operations and enforcement. But it also includes specific directives prohibiting certain IRS conduct.

July 1, 2017

Employment tax enforcement is trending

Practitioners should have a basic awareness of some of the unique tools the government uses to enforce employment tax laws.

June 15, 2017

Employment taxes: Beware civil and criminal penalties

The government can impose a 100% trust fund recovery penalty on “responsible persons” who were required to pay over the money or who controlled the funds.

June 1, 2017

Excise tax recent developments: Failure to maintain proper documentation leads to taxpayer losses

Taxpayers engaging in transactions involving federal excise taxes should be mindful of the documentation requirements.

June 1, 2017

The trust fund recovery penalty and LLCs

A responsible person may be subject to the TFRP if it can be shown he or she willfully failed to pay the trust fund taxes due.

May 25, 2017

Infrastructure spending and excise tax: It’s about to get a lot more complicated

This article discusses how excise tax changes may affect your business and what you can do to ensure tax compliance and avoid potential penalties.

May 24, 2017

President’s budget includes tax proposals and regulation of return preparers

President Donald Trump’s proposed FY 2018 budget includes a new proposal to give the IRS authority to regulate paid tax return preparers.

April 26, 2017

Trump’s tax reform priorities unveiled

Key features include a large reduction in the corporate tax rate, fewer and lower tax brackets for individuals, and a repeal of the estate tax and the alternative minimum tax.

April 20, 2017