Author Archives: William Murphy

About William Murphy

William F. Murphy is the owner of Murphy Financial Group, P.C. The firm emphasizes in providing tax consulting and financial planning services to corporations, professional practices and individuals. He also provides consultation services on tax and financial planning issues to various news and publishing organizations on current tax law changes occurring within federal and state government. He is also the author of the “Murphy Minute” that is syndicated through various news organizations. Mr. Murphy is also associated with the law firm of Mallor Grodner LLP. The firm has offices in both Indianapolis and Bloomington Indiana. He assists in providing tax, valuation and financial analysis services focusing in the areas of Family law and business tax planning. https://www.linkedin.com/in/william-f-murphy-cpa-pfs-abv-cff-cgma-b38aa713/.

What the House tax bill holds for individuals…. A New “Game”

Posted on January 17, 2018 by William Murphy

What the House tax bill holds for individuals   H.R. 1, known as the Tax Cuts and Jobs Act, which both houses of Congress passed on Dec. 20, contains a large number of provisions that affect individual taxpayers. However, to … Continue reading →

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Partners weren’t limited partners ..Self-employment tax exclusion explained by the Tax Court.

Posted on May 15, 2017 by William Murphy

Partners weren’t limited partners for purposes of self-employment tax exclusion Castigliola, TC Memo 2017-62TC Memo 2017-62 The Tax Court has held that, while neither the Code nor any regulatory authority define “limited partner” for purposes of the Code Sec. 1402(a)(13) … Continue reading →

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Court of Appeals for the Ninth Circuit Agrees with Shea Holmes, which affirmed the Tax Court decision earlier this year – Great win !

Posted on April 14, 2017 by William Murphy

IRS disagrees with the Court of Appeals for the Ninth Circuit  on when a.. “developer recognizes income under a completed contract method. AOD 2017-03,04/13/2017 IRS has announced its nonacquiescence with the holding of the Court of Appeals for the Ninth Circuit … Continue reading →

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