Welcome to TaxBlawg, a blog resource from Chamberlain Hrdlicka for news and analysis of current legal issues facing tax practitioners. Although blawg.com identifies nearly 1,400 active “blawgs,” including 20+ blawgs related to taxation and estate planning, the needs of tax professionals have received surprisingly little attention.
The Wall Street Journal's Tax Blog gives “tips and advice for filers,” and Paul Caron’s legendary TaxProf Blog is an excellent clearinghouse for academic and policy-oriented news. Yet, tax practitioners still lack a dedicated resource to call their own. For those intrepid souls, we offer TaxBlawg, a forum of tax talk for tax pros.
Chamberlain Hrdlicka Blawgs
On August 24, the IRS issued an internal memorandum that impacts when taxpayers may obtain IRS Appeals Conferences if their issues are designated for litigation. As background, the IRS has a long-standing policy of permitting taxpayers an administrative-level review of audit adjustments by referring matters to its Office of Appeals. For decades, this review process was discretionary for the IRS to offer. It was a matter of administrative grace. No longer.
Enter The Taxpayer First Act
In July 2019, Congress enacted The Taxpayer First Act which codified the Appeals Office (with a new ...
Have you ever played darts? Where the dart hits the board is very important to your score, but some rookies are happy if their dart hits the board at all. That would be a fair characterization of The Inspector General for Tax Administration’s (“TIGTA”) January 21, 2020 report entitled “IRS Should Better Identify Noncompliant Exempt Orgs.”
In this report, TIGTA is very much like a rookie darts player, who declares himself a winner because his first dart hit the board. In this regard, the Report is accurate about one thing: the IRS does have problems identifying non-compliant ...
Small Businesses with a Biweekly Payroll Schedule can Elect to use an Alternative Payroll Covered Period
SBA Form 3508, Paycheck Protection Program Loan Forgiveness Application, provides an optional alternative payroll covered period for small businesses with a biweekly (every other week) or more frequent payroll schedule. A small business may elect the alternative covered period only if it uses a biweekly or more frequent payroll schedule; those with monthly payroll schedules cannot make the election. If a small business makes the election, the eight-week period, for ...
As the nation responds to COVID-19 and a world pandemic, IRC §139 may be one more tool in an employer’s toolkit to help their employees with fighting this silent war.
Under the Internal Revenue Code (“IRC”) §139(a), “qualifying disaster relief payment" from an employer to an employee are excluded from gross income, the opposite of normal tax law.
IRC §139 applies after the President of the United States declares a disaster. On March 13, 2020, President Trump made an emergency declaration under the Robert T. Stafford Act, evoking the protections of §139.
Importantly, an ...
The COVID-19 pandemic has raised several interesting issues for employers and employees under the Affordable Care Act (ACA). This client alert will address the challenges employers are facing due to the pandemic and their effect on ACA compliance, as well as potential exposure to employer mandate penalties.
General overview of the ACA rules and ESRPs
The ACA added Section 4980H to the Internal Revenue Code (IRC), which applies to applicable large employers (ALEs). An employer is an ALE for a calendar year if, on average, it employed at least 50 full-time employees during the previous ...
As the legal and tax landscape continue to be shaped by COVID-19, the Chamberlain Tax Planning & Business Transactions Team is diligently reviewing and analyzing the newest legislation and guidance. We have prepared the below summary of certain FAQs recently issued by the IRS regarding the tax credits available under the Families First Coronavirus Response Act ("FFCRA") and the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"). Given the expedited nature in which this new legislation was passed, new guidance may continue to be issued in the future, which may ...
COVID-19 is a public health crisis that has already had a profound impact on the U.S. economy. Businesses and individuals are struggling to adapt to restrictions imposed by federal, state and local governments in an attempt to "flatten the curve" and limit the consequences on public health. Several major laws were recently enacted to help partially offset the economic effects of this crisis and hopefully put businesses and the economy in a position to hit-the-ground running once this time has passed.
The Chamberlain Tax Planning & Business Transactions Team has prepared this ...
Chamberlain's West Houston Tax Forum at Marriott Westchase from 7:15-9:00 a.m. will take place on Tuesday, March 3, 2020.
Speakers: Nima Farzaneh
Topic: 2019 Tax Return Preparation Issues:
This presentation concerns how changes to the tax law, cases and rulings may affect tax returns for 2019.
Chamberlain Hrdlicka's West Loop (Galleria) Tax Forum at the Houstonian from 7:15-9:00 a.m. will take place on Thursday, February 27, 2020.
Speakers: Nima Farzaneh
Topic: 2019 Tax Return Preparation Issues: This presentation concerns how changes to the tax law, cases and rulings may affect tax returns for 2019.
Where: Laredo Country Club, 1415 Country Club Drive, Laredo, Texas 78045
When: Thursday, February 13, 2020
Registration: 8:30 to 9:00 a.m.
Seminar: 9:00 a.m. to 1:30 p.m. (Lunch is included)
9:00 to 9:50 a.m. - Trust, Estate & Guardianship Litigation 2020 Update; presented by James McNeel
Summary: A survey of recent cases and issues currently being litigated to be considered in advising clients on how to ...