Adkison, California Child Support Order Not Enforced Against South Dakota Trust In Cleopatra (June 27, 2019).

Jay Adkisson has summarized the Cleopatra Cameron Gift Trust cases dealing with the enforcement of a California child support order against a South Dakota Trust. Mr. Adkisson's article begins as follows: Through the gifts and subsequent death of her father, California resident Cleopatra Cameron ended up as the beneficiary of two trusts (collectively, the Trust) … Continue reading Adkison, California Child Support Order Not Enforced Against South Dakota Trust In Cleopatra (June 27, 2019).

Kreiczer-Levy, Big Data and the Modern Family

Shelly Kreiczer-Levy has made available for download her article, Big Data and the Modern Family, published in the Wisconsin Law Review. The Abstract is as follows: Despite numerous reforms over the years, intestate succession rules continue to privilege traditional, white, heterosexual families. It is evident that the one-size-fits-all scheme cannot truly reflect diversity of lifestyles … Continue reading Kreiczer-Levy, Big Data and the Modern Family

Hales & Tingey, Sec. 1341: What is the claim-of-right doctrine?

Adam Hales, CPA, and Dennis Tingey, CPA, have published their article, Sec. 1341: What is the claim-of-right doctrine? in the AICPA Tax Adviser. The introduction is as follows: The law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, enacted Dec. 22, 2017, made numerous changes to the U.S. tax rules affecting businesses and … Continue reading Hales & Tingey, Sec. 1341: What is the claim-of-right doctrine?

Taxpayer Advocate – The Taxpayer Roadmap 2019: An Illustration of the Modern US Tax System

The Taxpayer Advocate Service has released a "subway" style map of the US Tax system. The map's description is as follows: The map below illustrates, at a very high level, the stages of a taxpayer’s journey, from getting answers to tax law questions, all the way through audits, appeals, collection, and litigation. It shows the … Continue reading Taxpayer Advocate – The Taxpayer Roadmap 2019: An Illustration of the Modern US Tax System

Commentary.Omnibus.2019.07.10: Proposals to Tax Rich Gaining Steam, and More!

CNBC: Warren Buffett to MBA students: This is what ‘sets apart a big winner from the rest of the pack’The Divorce Rate is at a 40-Year Low, Unless You're 55 or Older: Younger married couples are less likely to split up, but "gray" divorces among older couples are on the rise, Wall Street Journal (subscription … Continue reading Commentary.Omnibus.2019.07.10: Proposals to Tax Rich Gaining Steam, and More!

Kapp v. Commissioner, T.C. Memo 2019-84 (July 9, 2019): CPA Held Liable for Aiding and Abetting Understatement of Tax; Penalties Imposed

In Kapp v. Commissioner, the Tax Court held a CPA liable for aiding and abetting understatement of tax on 3,218 tax returns of various taxpayers prepared by him for the tax years at issue. The opinion summary is as follows: P and his employees prepared thousands of tax returns and/or schedules for mariner taxpayers for … Continue reading Kapp v. Commissioner, T.C. Memo 2019-84 (July 9, 2019): CPA Held Liable for Aiding and Abetting Understatement of Tax; Penalties Imposed

IRS, Security Summit partners urge tax professionals to review their practices, enhance safeguards to protect taxpayer data

In a news release, leaders from the IRS, state tax agencies and the tax industry today called on tax professionals nationwide to take time this summer to review their current security practices, enhance safeguards where necessary and take steps to protect their businesses from global cybercriminal syndicates prowling the Internet. Despite major progress by the … Continue reading IRS, Security Summit partners urge tax professionals to review their practices, enhance safeguards to protect taxpayer data