Whether caused by hurricane, flood, vandalism, or theft, the losses suffered by residential and business owners to their property is very personal. But this loss is magnified incredibly in the event of a fire. A family owned restaurant chain learned this intimately when it lost its entire business after a fire ravaged Brent’s Beer & Burgers, a restaurant with locations throughout the country.
Specialists in Tax Litigation
While states often lag behind the IRS in enforcement of IRS priority issues, the California Franchise Tax Board (FTB) has begun to show an interest in looking deeper into captives owned by California residents. While the FTB has made no formal pronouncements about its intention (unlike the IRS, which has classified certain microcaptive transactions as…
Golf-Related Partnership Wrongly Denied $14M in Deductions A Texas limited partnership was wrongly denied the tax deductions for its for-profit activity, the U.S. Tax Court ruled Sept. 16. …continue reading >> View Opinion here >>
Ninth Circuit issues opinion protecting taxpayer rights on third party contacts – embracing arguments in amicus brief filed by Zerbe, Miller, Fingeret, Frank & Jadav. Continue reading… Read Amicus Brief here…
GAO publicly releases report on the IRS Whistleblower program, GAO-18-698. …continue reading >>