Achieving Results, Exceeding Expectations

IRS Changes Access to Transcripts to Fend Off Cybercriminals

By Jeffrey D. Moss & Essence Patterson Accountants and attorneys aren’t the only people who use tax transcripts. There are a variety of non-tax purposes for transcripts, such as: verifying income for home mortgages; obtaining… Read More >

Learning about the New Opportunity Zone Tax Incentive

By Jeffrey Moss. If you haven’t heard about the Opportunity Zone tax incentive yet, you will soon. The “Opportunity Zone” Program was created in the Tax Cuts and Jobs Act of 2017 with the creation… Read More >

US Supreme Court Digital Sales Tax Case—The Decision

By Jeffrey D. Moss, Esq. and Jackie Culler, Law Clerk. Following up on an earlier blog post, US Supreme Court To Hear Digital Sales Tax Case, in a 5-4 decision on Thursday, June 21, the US… Read More >

Still Haven’t Prepared Your Taxes? Here Are Some Last Minute Tips.

By Chris Mann April 15th is traditionally “Tax Day” in the U.S.  However, April 15th falls on a Sunday this year, and April 16th is “Emancipation Day,” a holiday recognized in Washington D.C. to mark… Read More >

US Supreme Court To Hear Digital Sales Tax Case

By Jeffrey D. Moss, Esq. and Jaclyn Culler, Law Clerk On April 17, 2018, the United States Supreme Court will hear oral arguments in South Dakota v. Wayfair. The Court will reconsider the long-standing rule… Read More >

The Offshore Voluntary Disclosure Program is Scheduled to End Soon

The IRS announced that the popular offshore voluntary disclosure program (OVDP) used by taxpayers to divulge previously unreported foreign assets with reduced penalties will be ending effective September 28, 2018. Under the terms of the… Read More >

Avoiding Cash “Boot” in a 1031 Exchange

By Kylie Bergmann, associate at Dawda Mann. Section 1031 tax-deferred exchanges have become common with taxpayers who intend to reinvest the proceeds from the sale of an investment property into another investment property to defer… Read More >

Michigan Asset-Protection Trust: What You Need to Know

Recently, the Michigan Legislature passed a new law that permits the creation of an asset-protection trust. The Act (Public Act 30 of 2016) was signed on December 8, 2016 and has an effective date of March… Read More >

IRS Unveils Pilot Project to Prevent Fraud

Year after year, we hear about tax-related identity theft, which is both a complicated and widespread problem for millions of individual and business taxpayers, as well as for the IRS. The ID theft typically involves… Read More >

Hard at Work this Week: Tax Professionals and Tax Scam Artists

Today begins the final week of last minute tax preparation prior to next Monday’s filing date of April 18, 2016. This busiest of tax seasons is also the time when the bad guys, tax scam… Read More >