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Articles Archive

Offers In Compromise

  
  
   

 

This letter is intended to answer in more detail your question regarding the use of the IRS\'s Offers in Compromise program to settle your tax liability with the IRS at an amount that…

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Losses on Ponzi Investment Schemes


 
  
Re: Losses on Ponzi-type Investment Schemes
 

The IRS recently released guidance addressing the tax treatment of losses for individuals affected by ponzi investment schemes. The IRS clarified that the guidance is not…

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Using Trusts - Meeting Tax & Non Tax Goals

Trusts have been used as integral parts of sophisticated tax and financial arrangements for centuries. Exactly how they are used, however, depends on a person\'s particular goals, currently applicable tax rules, and other…

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Starting or Converting a Business- LLCs

 

Many businesses operate as limited liability companies (LLCs) in all states, and the press and media have nothing but good things to say about them. Is…

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Compensating Key Employees

 

Clearly, one of the most important factors in attracting and holding key employees is your company\'s program for compensating executives. Naturally, the basic salary is of…

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New IRS Audit Initiatives