IRS Form 2848: What Representation Authorizes Before a tax professional can handle an IRS matter on your behalf, the appropriate authorization must be established. The form, the named representative, and the listed tax matters determine the authority the IRS recognizes.
IRS Collection Appeals: CDP, Equivalent Hearings, and CAP
IRS Collection Appeals: CDP, Equivalent Hearings, and CAP An IRS collection notice may give you an opportunity to challenge a collection action or propose another way to resolve your account. The procedure available depends on the notice, the action involved,
Missing Tax Records in Sunrise, FL: What to Gather Before Filing
Missing Tax Records in Sunrise, FL: What to Gather Before Filing Missing paperwork is a common obstacle to preparing overdue returns. An old employer may have closed, a bank account may no longer be active, or business transactions may be
California’s Prop 40 – 2026 Billionaire Tax Act – Some Thoughts
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Inheritance tax toll is mounting on UK family companies
Family companies are used to dealing with Benjamin Franklin’s two certainties: death and taxes. Succession is a predictable challenge, though it is astonishing how often families foul it up. Taxation ought to be predictable too, but it can be a
Combined federal law enforcement effort finds $490M in tax fraud
Timing is everything. That’s especially true with taxes and all its deadlines.
It also applies to the Oct. 14 announcement that recent nationwide efforts by the Department of Justice (DoJ), Internal Revenue Service, and IRS Criminal Investigation (IRS-CI) resulted in
“Credit or Debit?”: IRS Issued Final Regulations Simplifying Tax Payments by Credit or Debit Card
The U.S. Department of the Treasury and IRS have issued final regulations (TD 10060) allowing the IRS to accept tax payments directly by credit or debit card without requiring taxpayers to use third-party payment processors. The regulations implement changes made
Considering an ESOP? New Law Reduces Valuation Risk
For owners of closely held businesses, an employee stock ownership plan, or ESOP, can be an attractive way to transition ownership while allowing employees to participate in future growth. But one issue has long made ESOP transactions more difficult and
California OTA Rejects FTB’s IRC Section 751 Partnership Sourcing Theory
In a significant development for nonresident investors and private equity structures, the California Office of Tax Appeals (OTA) held that gain attributable to IRC section 751(a) “hot assets,” such as unrealized receivables and inventory items, remain part of the sale
What's Up with Dyed Diesel?
Generally, diesel fuel sold for highway use—even to a farmer—is undyed. I.R.C. § 4041 imposes a 24.3 cent per gallon federal highway excise tax on diesel. The tax is generally collected by the seller. Dyed diesel fuel is designed for