Back to the Future: Tax Edition — Correcting SSN/TIN Issues Before the IRS Repossesses the Delorean
Every January, businesses race to issue Forms W-2, 1099, and 1099-NEC, but a small typo in a Social Security Number (SSN) or Taxpayer Identification Number (TIN) can turn into a surprisingly expensive sequel. The IRS requires information returns to include a correct name/TIN combination. If the name doesn’t match the…
Continue Reading Back to the Future: Tax Edition — Correcting SSN/TIN Issues Before the IRS Repossesses the DeloreanClassroom participation points may boost a child’s grade in history class, but merely raising your…
Continue Reading No Points for Participation: Passive Activity Rules and Loss LimitationsOn July 1, 2026 the IRS unveiled a new portal for Kwong related refund claims.
Continue Reading IRS Launches Online Portal for Kwong Refund ClaimsAt the NYU Tax Controversy Forum last week, (former?) Acting IRS Chief Counsel…
Continue Reading IRS Targeting Charitable Deductions: Old Dog, Old TricksSubscribe to Tax Controversy & Financial Crimes Report
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The current administration’s focus on tax-exempt organizations is no secret. But the recent release of the IRS Databook for FY25 shows that the IRS is following through on the…
Continue Reading Rhetoric Aside, Audits of Tax-Exempt Organizations Skyrocketed in FY25In a June 9 opinion, the Tax Court held that a married couple were not engaged in horse breeding and training activities for profit and sustained the IRS’s disallowance…
Continue Reading Horse Breeding and Training Expense Deductions? Tax Court Says NeighThis is the final post in a series of ten client alerts summarizing the key provisions of the Taxpayer Assistance and Service Act, a bipartisan legislative package introduced on February…
Continue Reading Taxpayer Assistance and Service Act Title X: Miscellaneous ProvisionsThis is the ninth in a series of ten client alerts summarizing the key provisions of the Taxpayer Assistance and Service Act, a bipartisan legislative package introduced on February 26…
Continue Reading Taxpayer Assistance and Service Act Title IX: Small Business
This is the eighth in a series of ten client alerts summarizing the key provisions of the Taxpayer Assistance and Service Act (the “TAS Act”), a bipartisan legislative package introduced…
Continue Reading Taxpayer Assistance and Service Act Title VIII: HostagesThis is the seventh in a series of ten client alerts summarizing the key provisions of the Taxpayer Assistance and Service Act (the “TAS Act”), a bipartisan legislative package introduced…
Continue Reading Taxpayer Assistance and Service Act Title VII: WhistleblowersThis is the sixth in a series of ten client alerts summarizing the key provisions of the Taxpayer Assistance and Service Act (the “TAS Act”), a bipartisan legislative package introduced…
Continue Reading Taxpayer Assistance and Service Act Title VI: IRS Independent Office of AppealsThis article is the fifth in a series analyzing the proposed Taxpayer Assistance and Service Act (the “TAS Act”), bipartisan legislation introduced by Senators Crapo and Wyden to improve service…
Continue Reading Taxpayer Assistance and Service Act Title V: Tax Return PreparersThis is the fourth in a series of ten client alerts summarizing the key provisions of the Taxpayer Assistance and Service Act (the “TAS Act”), a bipartisan legislative package introduced…
Continue Reading Taxpayer Assistance and Service Act Title IV: Office of the Taxpayer AdvocateAbout this Blog
Published by attorneys in the White-Collar Criminal Defense & Regulatory Compliance and Taxation & Wealth Planning practices of national law firm Fox Rothschild LLP, Tax Controversy and Financial Crimes Report reports on the latest developments in all aspects of tax controversy and financial crimes.