IRS Tax Planning Ideas, Tips & News

One of the techniques to combat identity theft used by the IRS and state tax jurisdictions is to delay the issuance of taxpayer refunds. So while the IRS encourages taxpayers to file early to minimize … [Read more...] about IRS To Delay Issuance of 2016 Refund

This is an interesting Tax Court case, if for no other reason, it illustrates the importance of a taxpayer working with an experienced and ethical tax professional. For all those taxpayers who are … [Read more...] about CPA Loses to IRS in Tax Court

The Treasury Department has issued new proposed regulations that, if adopted as proposed, will effectively eliminate a common estate planning tool used to transfer wealth among family members.  That … [Read more...] about Estate Tax Planning Strategy – Minority Interest Valuation

Whenever interest rates begin or are expected to change significantly, individuals immediately begin to think of refinancing their existing mortgage. That is a good approach to take. However, there … [Read more...] about Refinancing – Preparation Steps

Taxpayers often mistakenly believe that they can rely upon Internal Revenue Service (IRS) advice. After all, if the IRS is providing the advice, why would it challenge a taxpayer’s return that … [Read more...] about Talk Is Cheap! Or . . . You Get What You Pay For

We often hear from clients who have received a gift or an inheritance and inquire as to how much this will cost them in taxes that need to be paid. The good news is that the recipient of a gift or … [Read more...] about Property Acquired by Gift or Through an Estate Inheritance