KPMG: Ninth Circuit: Tax Return Considered Filed When Sent in Response to IRS Inquiry; Tax Court Reversed (May 11, 2022)

KPMG has made available for download their article, "Ninth Circuit: Tax Return Considered Filed When Sent in Response to IRS Inquiry; Tax Court Reversed", which discusses how the U.S. Court of Appeals for the Ninth Circuit reversed the Tax Court's grant of summary judgment in favor of the government. The abstract is as follows: The … Continue reading KPMG: Ninth Circuit: Tax Return Considered Filed When Sent in Response to IRS Inquiry; Tax Court Reversed (May 11, 2022)

BDO USA: Cryptoasset Transactions: State Corporate Income Tax Implications (May 2022)

BDO USA has published an article, "Cryptoasset Transactions: State Corporate Income Tax Implications", published on BDO USA. The abstract is as follows: The following article, Cryptoasset Transactions: State Corporate Income Tax Implications, originally appeared in the May 2022 issue of The Tax Adviser.Many businesses that once considered cryptoassets a highly speculative investment have been won over … Continue reading BDO USA: Cryptoasset Transactions: State Corporate Income Tax Implications (May 2022)

Stacy Francis: Here’s Why You Should Open A Roth IRA For Your Kids (April 25, 2022)

Stacey Francis, a blogger for FA Playbook, has published her article, "Here's Why You Should Open A Roth IRA For Your Kids". The article begins as follows: How would it feel to give your children an enormous leg up on saving for retirement while also helping them form healthy money habits?The answer could be opening … Continue reading Stacy Francis: Here’s Why You Should Open A Roth IRA For Your Kids (April 25, 2022)

Journal of Accountancy: Help Clients Achieve Flexible Spending in Retirement (April 22, 2022)

Megan Hart has published an article on the Journal of Accountancy, "Help Clients Achieve Flexible Spending in Retirement". The article begins as follows: After decades of saving diligently to build up a strong retirement portfolio, it can be tough to flip the switch when it comes time to stop working, said Oscar Vives, CPA/PFS, a … Continue reading Journal of Accountancy: Help Clients Achieve Flexible Spending in Retirement (April 22, 2022)

Jeffrey Pennell and Reid K. Weisbord: Trust Alteration and the Dead Hand Paradox (April 20, 2022)

Jeffrey Pennell and Reid K. Weisbord, of Emory University School of Law and Rutgers Law School, have made available for download their article, Trust Alteration and the Dead Hand Paradox, published in ACTEC Law Journal. The abstract is as follows: Trusts are popular instruments for wealth transmission because they can be crafted to suit almost … Continue reading Jeffrey Pennell and Reid K. Weisbord: Trust Alteration and the Dead Hand Paradox (April 20, 2022)

Forbes: Registered Agent’s Mistake Leads To Liability Of Zions For Failure To Honor A Levy In Bergstrom (May 9, 2022)

Forbes has published an article, “Registered Agent’s Mistake Leads To Liability Of Zions For Failure To Honor A Levy In Bergstrom”, which discusses Bergstrom v. Zions Bancorp.. The article begins as follows: In 2007, a Nevada court entered a $2.1 million judgment against Robert S. Michaels and a company called Northamerican Sureties, Ltd. That same … Continue reading Forbes: Registered Agent’s Mistake Leads To Liability Of Zions For Failure To Honor A Levy In Bergstrom (May 9, 2022)

Procedurally Taxing: What to Do After Receiving a Notice of Claim Disallowance (May 10, 2022)

Keith Fogg has made available for download his article, “What to Do After Receiving a Notice of Claim Disallowance” published on Procedurally Taxing blog. The article begins as follows: The National Taxpayer Advocate wrote a blog post last month highlighting a potential trap for the unwary who receive a notice of claim disallowance and think that they … Continue reading Procedurally Taxing: What to Do After Receiving a Notice of Claim Disallowance (May 10, 2022)

AICPA Tax Insider (May 12, 2022): Adopting a child: Tax planning considerations, Procedures for Puerto Rico residents to claim a 2021 child tax credit; and More!

Adopting a child: Tax planning considerationsBy Kaitlin Newkirk, CPA; David Randolph, CPA, Ph.D.; and Cam Cockrell, Ph.D.Targeted tax benefits -- both federal and from some states -- can help subsidize the cost of adoption, but parents should also be aware of income phaseouts of those benefits and nontax costs. Procedures for Puerto Rico residents to … Continue reading AICPA Tax Insider (May 12, 2022): Adopting a child: Tax planning considerations, Procedures for Puerto Rico residents to claim a 2021 child tax credit; and More!

Procedurally Taxing: Can Bankruptcy Trustee Be Held Liable For Trust Fund Recovery Penalty of Responsible Officer? (April 19, 2022)

Keith Fogg has made available for download his article, "Can Bankruptcy Trustee Be Held Liable For Trust Fund Recovery Penalty of Responsible Officer?" published on Procedurally Taxing blog. The article begins as follows: In In re Big Apple Energy, LLC, No. 8-18-75807 (Bankr. EDNY 2022), the owner of a business that failed to pay the taxes … Continue reading Procedurally Taxing: Can Bankruptcy Trustee Be Held Liable For Trust Fund Recovery Penalty of Responsible Officer? (April 19, 2022)

Ilene Cooper: Appellate Division Addresses the Removal of a Fiduciary (May 6, 2022)

Ilene Cooper, of Farrell Fritz Attorneys, has mad available for download her article, “Appellate Division Addresses the Removal of a Fiduciary”, published on the New York State Litigation Blog. The abstract is as follows: While the removal of a fiduciary has long been the subject of Surrogate’s Court opinions, it is not often that the … Continue reading Ilene Cooper: Appellate Division Addresses the Removal of a Fiduciary (May 6, 2022)

KPMG Tax NewsFlash: Proposed Regulations: Updated Actuarial Tables for Valuing Annuities, Terms of Years, and Remainder Interests (May 4, 2022)

KPMG has made available for download their article, “Proposed Regulations: Updated Actuarial Tables for Valuing Annuities, Terms of Years, and Remainder Interests”, which discusses the Federal Register Proposed Regulations. The abstract is as follows: The U.S. Treasury Department and IRS today released for publication in the Federal Register proposed regulations (REG-122770-18) relating to the use of … Continue reading KPMG Tax NewsFlash: Proposed Regulations: Updated Actuarial Tables for Valuing Annuities, Terms of Years, and Remainder Interests (May 4, 2022)

IRS YouTube Video: Five Things to Know about the Employer Identification Number (Jan 6, 2021)

IRS has released a Youtube video on the "Five Things to Know about the Employer Identification Number". The video shares a few tips for small businesses, trusts, estates, charities and others about the Employer Identification Number or EIN. https://www.youtube.com/watch?v=-vD0KoIS124

Bridgewater – Global Observations: An Update from Our CIOs: What Was Coming Is Now Upon Us

Kyle Delaney, President and Chief Commercial Officer of Bridgewater, has made available for download his article, “An Update from Our CIOs: What Was Coming Is Now Upon Us". The abstract is as follows: MP3 reflationary policies produced massive injections of money and credit into economies, leading to high nominal growth, leading to self-reinforcing inflation, leading … Continue reading Bridgewater – Global Observations: An Update from Our CIOs: What Was Coming Is Now Upon Us

Forbes: IRS Clawback Proposed Regulation Causes Confusion In The Playing Field (April 28, 2022)

Forbes has published an article, “IRS Clawback Proposed Regulation Causes Confusion In The Playing Field”, which discusses the world of estate tax planning. The article begins as follows: The world of estate tax planning can be complicated and confusing.While planners can navigate the situations that taxpayers face by way of planning strategies, financial projections and … Continue reading Forbes: IRS Clawback Proposed Regulation Causes Confusion In The Playing Field (April 28, 2022)

Gerald Nowotny: All in the Family – Introducing Family-Owned Life Insurance™ (aka FOLI) (April 15, 2022)

Gerald Nowotny, of the Law Office of Gerald R. Nowotny, has made available for download his article, “All in the Family – Introducing Family-Owned Life Insurance™ (aka FOLI)”, published in JDSUPRA. The abstract is as follows: Perhaps you are tired of reading that I grew up in the Panama Canal Zone, but it is one … Continue reading Gerald Nowotny: All in the Family – Introducing Family-Owned Life Insurance™ (aka FOLI) (April 15, 2022)

Lin William Cong, Wayne R. Landsman, Edward L. Mayday, Daniel Rabetti: Tax-Loss Harvesting with Cryptocurrencies (February 17, 2022)

Lin William Cong, Wayne R. Landsman, Edward L. Mayday, Daniel Rabetti have made available fro download their article "Tax-Loss Harvesting with Cryptocurrencies". The abstract is as follows: We study investors' responses to increasing tax reporting awareness and scrutiny in the crypto markets. We document significant taxation effects on investors' behavior and preferences for crypto exchanges … Continue reading Lin William Cong, Wayne R. Landsman, Edward L. Mayday, Daniel Rabetti: Tax-Loss Harvesting with Cryptocurrencies (February 17, 2022)

Charles E. Rounds Jr.: The equity court is there for the trustee as well as the beneficiaries (May 1, 2022)

Charles E. Rounds Jr., of Suffolk University Law School, has made available for download his article, “The equity court is there for the trustee as well as the beneficiaries”, published in JDSUPRA. The abstract is as follows: Since time immemorial the chancery court has been the safe harbor that equity has afforded the trustee who … Continue reading Charles E. Rounds Jr.: The equity court is there for the trustee as well as the beneficiaries (May 1, 2022)

TAS Tax Tip: How to handle a notification of tax-related identity theft (May 3, 2022)

The National Taxpayer Advocate has made available for download their article, “TAS Tax Tip: How to handle a notification of tax-related identity theft”, published on The National Taxpayer Blog. The abstract is as follows: Did you get a notification from IRS or the Social Security Administration (SSA) advising you that you might be a victim … Continue reading TAS Tax Tip: How to handle a notification of tax-related identity theft (May 3, 2022)

Bryan Camp: Lesson From The Tax Court: Distinguishing Employees From Independent Contractors (May 2, 2022)

Bryan Camp has published his article, "Lesson From The Tax Court: Distinguishing Employees From Independent Contractors", which discusses whether employers should classify their workers as as employees or independent contractors. The article begins as follows: Pro Publica has proudly proclaimed that “If You’re Getting a W-2, You’re a Sucker.”  I know lots of workers who would … Continue reading Bryan Camp: Lesson From The Tax Court: Distinguishing Employees From Independent Contractors (May 2, 2022)

Judith Graham: Advance Care Planning for Guns: Owners Can Help Ensure Safe Use and Transfer of Weapons (April 27, 2022)

Judith Graham, a blogger for KHN, has made available for download her article, "Advance Care Planning for Guns: Owners Can Help Ensure Safe Use and Transfer of Weapons". The article begins as follows: Kerri Raissian didn’t know what to do about her father’s guns when he died of covid-19 in December at age 86 and … Continue reading Judith Graham: Advance Care Planning for Guns: Owners Can Help Ensure Safe Use and Transfer of Weapons (April 27, 2022)