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IRS Automatic Notices Alienate Taxpayers

IRS Automatic Notices Alienate Taxpayers

If you want a good example of the harm that the brokenness of the IRS is causing, I have a story for you.  My brothers and sisters on #TaxTwiter could give you many more stories, but they really don’t have the time that I do.  I am going to make up a bit of the...
Who’s Afraid Of Bank Reporting To IRS?

Who’s Afraid Of Bank Reporting To IRS?

  The Treasury has put out a Fact Sheet on the scaled down bank disclosure reporting requirements currently under consideration – Tax Compliance Proposals Will Improve Tax Fairness While Protecting Taxpayer Privacy.  The proposal appears quite...
S Corp To Partnership Conversion Under Build Back Better

S Corp To Partnership Conversion Under Build Back Better

One of the most exciting provisions of the Build Back Better Act, to me anyway, is the opportunity that it gives for a tax free conversion to partnership for some S corporations.  There may be some people who don’t find this exciting thinking that partnerships...