Main Street Practitioner

Part II of The IRS is Coming: How to Prepare for the New IRS Partnership Audit Regime, we consider the Treasury Department’s (“Treasury”) proposed (now- withdrawn) regulations, and what to expect from the new administration regarding the BBA regime.

Some gig economy workers may not realize that they are now small-business owners – or that they are now a primary target for IRS audits and notices.

Developments in the peer review process came into effect as of January 1, 2017.

Being a solo tax practitioner is one of the most challenging ways to operate any business. As the business owner, you are responsible for all legal compliance matters related to running a business.

Severing the relationship between you and your client is even more difficult when you like the client. Nine times out of 10, unless your client commits a crime, there’s really no reason why you should fire a client, right?

We will assume a closely held C corporation that ran a profitable family business is winding down. The two family members that co-own the corporation plan to discontinue the business rather than sell it as a continuing enterprise.