BDO USA has published an article, "Claiming an Exemption from Self-employment Tax as a Limited Partner? Think Twice”, published on BDO USA. The abstract is as follows: Limited partners claiming an exemption from Self-Employment Contributions Act (SECA) taxes may be putting themselves at risk – in certain circumstances. In fact, more recently, it has become … Continue reading BDO USA: Claiming an Exemption from Self-employment Tax as a Limited Partner? Think Twice (November 29, 2022)

The IRS noted that the tax filing deadline less than a month away. The IRS reminds all taxpayers but especially those who haven't yet filed, to choose a tax return preparer wisely. Taxpayers are responsible for all the information on their income tax return regardless of who prepares the return. Here are some tips to remember when … Continue reading IRS: Tips to help taxpayers hire a reputable tax preparer (Tax Tip 2022-48)(March 29, 2022)

The New York Times reports that the White House will ask Congress on Monday as part of its budget proposal to pass a new minimum tax on billionaires as part of a budget proposal intended to revitalize President Biden’s domestic agenda and reduce the deficit. See details at: .nytimes.com/2022/03/26/us/politics/biden-billionaires-minimum-tax.html

The IRS released today Rev. Proc. 2021-45 with inflation adjustment amounts for individual taxpayers for 2022 tax returns. Click here to download Rev. Proc. 2021-45.

Bryan Camp has published an article on the TaxProf Blog, titled "Lesson From the Tax Court: The 411 on Section 911", which discusses the case of Deborah C. Wood v. Commissioner, T.C. Memo. 2021-103 (Aug. 18, 2021) (Judge Lauber). The article begins as follows: The pullout from Afghanistan has dominated the news, and many of our lives.  … Continue reading TaxProf Blog – Bryan Camp: Lesson From the Tax Court: The 411 on Section 911 (August 30, 2021)

Andrew T. Hayashi and Justin Hopkins, of The University of Virginia School of Law and The University of Virginia respectively, have made available for download their article, The Charitable Tax Deduction and Civic Engagement, published in the Virginia Public Law and Legal Theory Research Paper. The abstract is as follows: In an era characterized by … Continue reading Andrew T. Hayashi and Justin Hopkins: The Charitable Tax Deduction and Civic Engagement (July 22, 2021)

Bob Carlson has made available his article, How To Take Tax Write Offs For Helping Relatives, published in Forbes. The article begins as follows: It’s very common for family members to become caregivers for other family members or help them financially when medical care or long-term care is needed. It’s also common for these families … Continue reading Forbes – How To Take Tax Write Offs For Helping Relatives (July 21, 2021)

The Taxpayer Advocate Service has published an article titled “TAS Tax Tips: How do I find my refund information?,” which discusses ways taxpayers can check the status of their refunds. The article begins as follows: If you filed a 2020 tax return and are expecting a refund from the IRS, you may want to find … Continue reading Taxpayer Advocate Service: TAS Tax Tips: How do I find my refund information?

Elizabeth Whitman, of Whitman Legal Solutions, LLC, has made available for download her article, "American Families Plan and Real Estate Investments – 1031 Exchanges," published in JDSUPRA. The abstract is as follows: Although I was primarily a violinist, I also played the clarinet. When most people think of the clarinet, they think of the “standard” … Continue reading Elizabeth Whitman (Whitman Legal Solutions, LLC): American Families Plan and Real Estate Investments – 1031 Exchanges (June 1, 2021)