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This post provides guidance for the process of drafting domestic relations orders that qualify as QDROs in a divorce.
The IRS has announced updated procedures for taxpayers to file overdue FBAR (Foreign Bank Account Report) foreign account disclosures.
Most states maintain some sort of successor liability provision in their tax statutes.
Self-employed individuals and employees who work out of their home are allowed to deduct business expenses relating to part of their home.
In many divorces, retirement plans are the parties’ most significant asset.
There are two general kinds of alimony in Alabama divorces, one referred to as "periodic alimony" and the other referred to as "alimony in gross").
Pension benefits and retirement savings often constitute a client’s most valuable assets, and are viewed as a safety net.
When a person dies intestate, the Alabama laws of intestacy will kick in to provide for distribution of the intestate decedent’s assets. This scheme of distribution may be referred to as intestate succession, intestate distribution or the laws of intestacy. These laws represent the Alabama legislature’s best guess as to what most people would want to happen to their assets.
You may need information on child support: a) If you are going through a divorce; or b) If you are separated or are now separating from the other parent.
Alabama has become the 32nd state with an independent tax appeals process.
When an S election is not filed, the corporation is treated as a C Corporation and its losses/gains are taxed to the corporation.
The Affordable Care Act, aka Obamacare, is part health law, part tax law. Some feel benefited by the law, some burdened by it.
The NIIT applies at a rate of 3.8% to certain net investment income of individuals, estates and trusts that have income above the statutory threshold amounts.
Partnerships can grant profits interests or capital interests for services. LLCs taxed as partnerships are proliferating.
Obamacare is about to collide with the U.S. tax-filing season, adding frustration for millions of taxpayers trying to figure out how to comply and how much they will owe the government.
In this article, I will attempt to identify those techniques which tax lawyers can use to gather the information necessary to make an informed decision regarding two critical questions: First, to what degree should the company cooperate with the government’s investigation? Second, at what point should counsel present facts and arguments in an attempt to dissuade the government from bringing criminal charges. This article will also discuss the various stages of review through which criminal tax cases must pass.
recent blog posts
Coach Saban wins a Tax Court case against the IRS involving a worthless debt on $2 million dollars he had loaned for a real estate construction project.
More than one-half of IRS employees are going back to work at the end of January through the tax filing season.
IRS Operations during Government Shutdown
New 20% Deduction for Business Income
2019 Internal Revenue Service (IRS) Standard Mileage Rates.
Taxation of alimony under Trump’s tax plan and prior tax law with an analysis of divorce and taxation pursuant to Alabama state law.
The recently enacted tax reform bill has made significant changes to the taxation of business. This post summarizes some of the more substantial changes.
Tax treatment upon the sale of property with life estates.
Summary of Trump's Tax Reform
Change in Individual Tax Rates under Trump Tax Reform Law