In Soroban Capital Partners, LP v. Commissioner, the U.S. Tax Court determined that the exception to net earnings from self-employment in Section 1402(a)(13) of the Internal Revenue Code of 1986, as amended (the “Code”) ...more
2/14/2024
/ Appeals ,
Business Entities ,
Commercial Litigation ,
Exclusions ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Limited Liability Company (LLC) ,
Limited Partnerships ,
Partnerships ,
Self-Employment Tax ,
Tax Court ,
Tax Exemptions ,
Tax Planning
The Internal Revenue Service (“IRS”) recently granted employers a means to avoid interest and penalties on inappropriately taken Employee Retention Tax Credit (“ERC”) claims. This surely will come as a relief to taxpayers who...more
11/7/2023
/ Business Taxes ,
Eligibility ,
Employee Retention ,
Employer Liability Issues ,
Enforcement ,
Fraud ,
Income Taxes ,
IRS ,
Tax Audits ,
Tax Credits ,
Tax Preparers ,
Tax Reform ,
Tax Relief ,
Tax Returns
In IRS Notice 2023-71 (the “Notice”), the Internal Revenue Service (“IRS”) granted a postponement until October 7, 2024 for various time-sensitive filing and payment deadlines for taxpayers affected by the terrorist attacks...more
10/19/2023
/ Employment Tax ,
Estate Tax ,
Excise Tax ,
Filing Deadlines ,
Filing Requirements ,
Generation-Skipping Transfer ,
Gift Tax ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Israel ,
Relief Measures ,
Statute of Limitations ,
Tax Extensions ,
Tax Returns ,
Terrorist Acts ,
Time Extensions