A second class-action lawsuit has now hit the embattled risk-pooled 831(b) captive insurance sector, still reeling for its third and latest loss to the IRS in the Syzygy case. This new class-action lawsuit arises from the industry’s first loss to the IRS in the Avrahami case, which involved the owner of some jewelry stores in
Taxes
Tax whistleblowers had good news the other day with the Taxpayer First Act of 2019 (Public Law 116-25) being signed into law by President Trump – including anti-retaliation protections for tax whistleblowers as well as requiring improved communication between the IRS and whistleblowers. Thanks to the Chairman of the Senate Finance Committee Charles Grassley (R-IA)
Getty Today, there will be lots of fireworks, parades, speeches, and hot dog eating contests to celebrate Independence Day. The day is often believed to be the day we officially gained our independence from Great Britain. But it’s a little more complicated than that: Independence Day wasn’t the end of the road to independence, it was
When you are a business owner, you not only have to worry about your own personal retirement funds, but you also have to make sure that, if something happens with the business, you have enough money to help it get back on track. While you may already have personal retirement plans set up, that does
Taxpayers can be happy that Congress passed – and the President signed on July 1, 2019 – an expansion and strengthening of taxpayer rights as well as a focus on cybersecurity and protection from identity theft for taxpayers. This legislation (which I discussed an earlier version), coupled with expanded funding for the IRS in a