TAXLITIGATOR Blog

Posted by Hochman Salkin Toscher Perez P.C. Posted on Monday, November 12, 2018

UCLA Extension is proud to support our veterans as they look to gain new skills and aim to advance their careers through the new Vets Count Scholarship Fund. Vets Count is for active and retired military personnel who are working to realize their career goals in tax, accounting, wealth management, and other areas of the […] Read More…

Posted by Hochman Salkin Toscher Perez P.C. Posted on Saturday, November 03, 2018

When a partnership wants to sell real property it sometimes has a problem: some of the partners want to cash out while others want to do a like-kind exchange and remain invested in real property.  The “drop and swap” transaction was designed to address this problem.  Prior to the sale, the partnership distributes, in exchange […] Read More…

Posted by Hochman Salkin Toscher Perez P.C. Posted on Saturday, November 03, 2018

Ten years after starting to aggressively pursue Swiss banks that helped U.S. persons evade taxes, the IRS is continuing to mine the trove of information gathered to criminally pursue the account holders and their facilitators. A pair of practitioners with extensive experience at the IRS said U.S. taxpayers with undisclosed foreign accounts who do not […] Read More…

Posted by Hochman Salkin Toscher Perez P.C. Posted on Monday, October 29, 2018

Is this merely a theoretical problem? No. The IRS and Justice Department are pursuing Kovel communications aggressively. Lawyers who aren’t careful about how and when they use Kovel accountants are at serious risk of losing privilege protections and giving the government a window into the attorney-client relationship. Although it’s impossible to entirely avoid risk in this area, here are suggestions […] Read More…

Posted by Hochman Salkin Toscher Perez P.C. Posted on Sunday, October 28, 2018

Avram Salkin, a noted tax lawyer who has practiced in Beverly Hills for the past 58 years on Tuesday at The Beverly Hills Hotel received the prestigious Bruce Hochman Award from the UCLA Tax Controversy as part of the 34th annual Tax Institute in recognition of this lifetime achievement in the practice of tax law. […] Read More…

Posted by Hochman Salkin Toscher Perez P.C. Posted on Thursday, October 25, 2018

Pro se petitioners James and Tina Loveland hit a home run in a CDP case that resulted in a formal Tax Court opinion, Loveland v. Commissioner, 151 T.C. No. 7 (September 25, 2018), here.  The Tax Court has three levels of opinions: 1) a formal Tax Court opinion, which is published in the Tax Court Reporter and […] Read More…

Posted by Hochman Salkin Toscher Perez P.C. Posted on Thursday, October 25, 2018

DEDUCTIBILITY AND INFORMATION REPORTING OF RESTITUTION PAYMENTS: TRANSITIONAL GUIDANCE ISSUED The Tax Cuts & Jobs Act made significant changes to Section 162(f) with respect to the deductibility of certain fines, penalties, and other amounts, including restitution payments. Previously, Section 162(f) barred a deduction for fines or penalties paid to a government for the violation of […] Read More…

Posted by Hochman Salkin Toscher Perez P.C. Posted on Sunday, October 21, 2018

Plan on joining us on October 23rd to help celebrate the 34th anniversary for one of the preeminent conferences exclusively dedicated to tax controversy and tax litigation. The Annual Tax Controversy Institute provides an open forum for distinguished presenters and panelists to discuss, and often debate, sensitive tax practice issues with an engaged audience. MESSAGE […] Read More…

Posted by Hochman Salkin Toscher Perez P.C. Posted on Sunday, September 23, 2018

The length of time you should keep a document depends on the action, expense, or event which the document records. Generally, you must keep your records that support an item of income, deduction or credit shown on your tax return until the period of limitations for that tax return runs out. For most taxpayers, the […] Read More…

Posted by Hochman Salkin Toscher Perez P.C. Posted on Monday, September 03, 2018

Steven Toscher, Esq. and Michel Stein, Esq speaks with Eric Green, Esq.of the Tax Rep Network about everything you need to know about Cryptocurrency: What it is, how the IRS views cryptocurrency, how to report these transactions, can you do a like-kind exchange of cryptocurrency, why it’s such a hot button issue with the IRS […] Read More…

Posted by Hochman Salkin Toscher Perez P.C. Posted on Saturday, September 01, 2018

We are pleased to announce that Evan Davis will be speaking at an upcoming Knowledge Group live webinar The Nuts and Bolts of Tax Penalties: A Practical Guide scheduled for Friday, September 21, 2018 from 12:30 p.m. to 2:00 p.m. Eastern Time. As the number of tax evasion or tax fraud cases continues to rise, […] Read More…

Posted by Hochman Salkin Toscher Perez P.C. Posted on Thursday, August 30, 2018

The program is the first in a series of programs covering important topics in Federal Criminal Tax Enforcement and Litigation – including a post-mortem on the Manafort case. How Criminal Tax Cases Originate. Avoiding a Criminal referral from the Civil Examination or Collection Division of the IRS. The Administrative Conference Process—Unique to Tax Cases. Pre-Indictment […] Read More…