Innovative Strategies For Tax Controversies, Business Structuring And Estate Planning
IRS Warns of Scams by Tax Return Preparers! The IRS Reports: “Dishonest tax return preparers can cause many problems for taxpayers who fall victim to their schemes. These scam artists make their money by skimming a portion of their clients’ refunds and charging...
Housing Sales Drop 13% House Sales for 2007 fell 13%, to mark its biggest yearly decline in 25 years. Also, median prices FELL by 1.8% nationwide. That was the first national decline in the 40 years that home sales have been tracked! Many economists say that the last...
Congress passed a new law increasing nuisance penalties against businessees: Failure to File Partnership Returns Will Be More Costly. The new law extends the period for charging the monthly partnership return failure-to-file-penalty from 5 to 12 months and increases...
Everything is taxable in California. The California Franchise Tax Board (FTB) takes a very agressive position on when a LLC needs to be registered in California. Their view is if a member of the LLC makes one decision for the LLC, writes or signs one check for the...
Family Businesses Unprepared for Succession A new survey showed Family Business need to prepare for continuation by the next generation. Among the survey’s other key findings: 25 percent of the businesses think the next generation is not competent to move into...
In the Wake of the Sub-Prime Meltdown: A Brave New World Commercial real estate owners-and homeowners-are justifiably concerned about the condition of the mortgage industry. The myriad of news stories about the sub-prime mortgage debacle and the ensuing financial...
A New York Court permanently stopped Robert L. Schulz and his two groups, We the People Foundation for Constitutional Education Inc. and We the People Congress, from selling materials by mail, over the Internet or in person that falsely claim citizens do not have an...
Cong. Levin Bill (HR 2834) Proposing New §710, Treating Partnership Allocations To Investment Management Services As Ordinary Income. This bill is designed to attack REITs and large public partnerships which have some tax advantages. HR 2834 is that it would tax as...
Rising longer-term interest rates yielding 5.25%10-year Treasury marked the highest level in ten months. In early March, the 10-year yield was 4.5%. Because many consumer and corporate loans are tied to the 10-year Treasury, effective loan interest rates are rising....
6% growth in the first quarter signals a possible recession. The housing market in New Jersey and many states is in decline. Housing and construction businesses are hurting. Mortgage brokers are closing and real estate brokers are contracting. Moving companies are in...
