Green, How To Avoid Taxes On Wash Sale Losses

Green describes how many securities traders face significant taxation of phantom income due to "wash sale losses disallowed" on the form 1099-B. Reportedly, traders are often unprepared to handle such situations because many brokers do not disclose wash sale losses during the year. Green's article outlines "how to deal with WS loss adjustments and how … Continue reading Green, How To Avoid Taxes On Wash Sale Losses

Townsend, FBAR Collection Suit Settled Before Jury Verdict Announced (8/27/19)

Townsend writes about the Federal Government's FBAR collection suit in United States v. Dadurian. Before the verdict was announced for the case, "the parties settled the case, where the Government originally sought judgment for $2.7 million, for $1 million." According to Townsend, "the jury verdict held Dadurian liable for the accounts she had caused to … Continue reading Townsend, FBAR Collection Suit Settled Before Jury Verdict Announced (8/27/19)

Morgan, Medicare Observation Status: Post-Trial Report

Morgan describes how a federal trial in Connecticut on observation status was recently concluded. According to the Center for Medicare Advocacy, since 2011, the organization "has been pursuing a nationwide class action lawsuit seeking an appeal for Medicare beneficiaries who are classified as hospital outpatients in observation status." Reportedly, "The Alexander trial was held before … Continue reading Morgan, Medicare Observation Status: Post-Trial Report

Commentary.Omnibus.2019.09.02: Are You Really Prepared To Weather A Recession, and More!

Adkisson, Are You Really Prepared To Weather A Recession?Kotlikoff, Ask Larry: Will Social Security Retirement Benefits At 62 Reduce Later Survivor's Benefits?Caron, WSJ: Democrats’ Emerging Tax Idea: Look Beyond Income, Target WealthClark, FASuccess Ep 139: Plugging In For Large Firm Support To Refocus Your Time On Clients Instead, with Michele ClarkPearce, Managing And Nurturing Clients … Continue reading Commentary.Omnibus.2019.09.02: Are You Really Prepared To Weather A Recession, and More!

Townsend, Court Rejects Government Summary Judgment Motion in FBAR Willful Penalty Collection Suit (8/28/19)

In its recent ruling on United States v. Schwarzbaum, "the Court denied summary judgment for the Government in an FBAR willful penalty collection suit." Click here for the Order on Motion for Summary Judgment (dated 8/23/19). Click here for Court Listener docket entries with available links to some of the underlying docket entries. According to … Continue reading Townsend, Court Rejects Government Summary Judgment Motion in FBAR Willful Penalty Collection Suit (8/28/19)

Caron, The Tax Lawyer Publishes New Issue

The Tax Lawyer has made available for download its most recent issue, Vol. 72, No. 4 (Summer 2019). The articles included in the issue are as follows: Did the Supreme Court Do Congress’s Dirty Work When It Killed Quill? State Sales Tax on Remote Sellers and Wayfair and Recent Developments in Federal Income Taxation: The … Continue reading Caron, The Tax Lawyer Publishes New Issue

Caron, Florida Tax Review Publishes New Issue

The Florida Tax Review has made available for download its most recent issue, Vol. 22, No. 2. Articles included in the issue are as follows: Sham on You: Too Good to Be True, A Tax Professor's Guide to Formative Assessment, Expanding State Fiscal Capacity, Part I: Combining an Entity-Level Consumption Tax, Improved Sales Factor Apportionment, … Continue reading Caron, Florida Tax Review Publishes New Issue