Four Things You Should Know About Employer Provisions of the Affordable Care Act Penalties... [ read ]
The Affordable Care Act includes an employer mandate and penalties for employers that do not satisfy the mandate. While the employer mandate may not come as a surprise, the following four aspects of the Affordable Care Act are not commonly known and could be pitfalls for the unprepared employer.
A Discussion of Recent Tax Decisions...
Joel Crouch was a speaker at a tax conference sponsored by Texas Bank and Trust in Tyler (May 6th) and Longview (May 19th). Mr. Crouch's topic was "A Discussion of Recent Tax Decisions." A copy of the outline from the presentation is at the following link Texas Bank and Trust Speech Judicial Update.
IRS Issues Notice 2015-38... [ read ]
With release of Notice 2015-38, 2015-21 I.R.B. 21, effective May 6, 2015, the Internal Revenue Service has provided an updated list of private mail carriers taxpayers may use to qualify under the timely-mailed-timely filed provisions of section 7502 (i.e., the mailbox rule). As discussed more fully below, taxpayers mailing documents or payments by private mail carrier are well-advised to understand fully the implications and requirements of this notice.
Self-Dealing Exception During Administration of Estate or Revocable Trust... [ read ]
Where a private foundation has an interest expectancy in property held in an estate or trust, any transaction involving such property and a disqualified person is indirect self-dealing and the self-dealing taxes may be imposed on such transactions. However, there is an exception for transactions occurring during the administration of an estate or revocable trust.
The Art of IRS Penalty Defens...
Joel Crouch was a speaker at a tax conference in Lufkin sponsored by First State Bank and Trust. Mr. Crouch's topic was "The Art of IRS Penalty Defense". Mr. Crouch made the same presentation to the Dallas chapter of the American Association of Attorney-CPAs. A copy of the outline from the presentations is at the following link The Art of IRS Penalty Defense.
The Perfect Storm: Has the Tide Turned Against Offshore Tax Evasion?... [ read ]
The government is building momentum in its effort to turn the tide against offshore tax evasion. With the fall of Swiss bank secrecy, the rise of the Foreign Account Tax Compliance Act ("FATCA"), and an increasingly global push for cross-border transparency, we are truly entering a new era: an era marked by international cooperation. The government, with its net now cast wider than ever, is poised to haul in a big catch.
