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William F. Murphy, CPA/PFS, ABV, CFF, CGMA 
The Tax Advisor- Corporate Transparency Act, source of BOI reporting mandate, held constitutional
- Even an expert says: Digital asset reporting creates headaches
- IRS clarifies health savings account changes in H.R. 1 in new notice
- PTEs need more notice of changes, more time to respond, AICPA says
- Government withdraws defense of retirement fiduciary rule
- The NTA Blog
- Santa, Please Remember Taxpayers This Holiday Season
- National Taxpayer Advocate Erin M. Collins Recognized as a Standout Leader in Accounting Today’s Top 100
- Use caution when paying or receiving payments from friends or family members using cash payment apps
- Filing a Petition with the United States Tax Court
- Giving Tuesday: Giving Back and Staying Tax Smart
Category Archives: Tax Blog
Tax Court concludes shareholder intended his advances to be loans…. NOT compensation. !
What are the factors that an owner of a closely held “S corporation “must recognize to avoid repayments of personal expenses as ‘compensation’…REALLY ! Scott Singer Installations, Inc., TC Memo 2016-161TC Memo 2016-161 The Tax Court has concluded that an S corporation’s … Continue reading
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California Real Estate professionals….Watch out for this new ruling !
Real estate professional status didn’t make rental losses automatically deductible !! Gragg vs. U.S., (CA 9 8/4/2016) 118 AFTR 2d ¶ 2016-5091 The Court of Appeals for the Ninth Circuit, affirming the district court, has held that for purposes … Continue reading
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A Great Planning idea for your recently divorced clients ..Post-divorce settlement sale of businesses between ex-spouses could be tax free !!
Post-divorce settlement sale of businesses between ex-spouses was incident to divorce Belot, TC Memo 2016-113TC Memo 2016-113 The Tax Court has held that where a couple provided in their divorce agreement that they would each own 50% of their businesses, … Continue reading
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