Internal Revenue Code

In a strongly worded opinion that is very favorable for taxpayers who engage in sophisticated tax planning, the Sixth Circuit overturned a Tax Court opinion denying the benefits of a
Continue Reading Sixth Circuit Acknowledges Some Tax Laws Sanction Tax Avoidance

passportThe Internal Revenue Service is moving forward with implementation of new rules requiring the State Department to deny, or revoke, the U.S. passports of individuals with seriously delinquent federal tax
Continue Reading IRS, State Department Move Closer To Implementing Passport Revocation Rules for Tax Delinquents

In 2015, the IRS first included micro-captives, or small insurance companies which have elected under section 831(b) to exclude premiums from their income, on its annual dirty dozen list. At
Continue Reading IRS Imposes New Reporting Requirements on Certain Micro-Captives