Taxing Scandals: The Blog that Looks at Tax Consequences of the Latest Tabloid Scandals - Donald Sterling and His Silent Partners
When a probate judge cleared the way for the $2 billion sale of the Clippers…
Tax Issues in Identity Theft
Identity theft is on the rise and is a frustrating process for victims. Some…
Report Someone to the IRS for Fun and Money
Who are the IRS’s favorite superheroes? The X-Men. The IRS loves to hear from…
Tax Practitioner’s Duty to Disclose under Circular 230
Circular 230 contains rules governing the recognition of attorneys, certified…
Forming a Tax Exempt Organization
With the current state of the world, charities are needed now more than ever.…
The Law of Suspended Corporations in California
In California, both the Secretary of State's office and the Franchise Tax Board…
IRS Codification of the Economic Substance Doctrine Imposes New Penalties
Taxpayers seeking the tax benefits of a transaction that the IRS deems to have…
Allowable Tax Deductions for Business Expenses
As a tax attorney in California with tax season right around the corner,…
Private Letter Rulings from the IRS
An IRS private letter ruling ("PLR") is a ruling by the IRS on a specific tax…