Steven Toscher, the managing principal for Hochman Salkin Toscher Perez P.C., has received the Jules Ritholz Memorial Merit Award from The American Bar Association’s (ABA) Tax Section Civil and Criminal Tax Penalties Committee. The award was presented during ABA’s 2024 May Tax Meeting, held in Washington, DC. on May 3, 2024. Click Here to Read […] Read More…
Read MoreWe are pleased to announce that Jonathan Kalinski and Philipp Behrendt of our firm participated in the California Lawyers Association – Taxation Section’s Washington, D.C. Delegation on April 30 and May 1, 2024. For over 30 years, the Taxation Section has annually selected a delegation to advocate for California tax lawyers’ ideas and proposals to […] Read More…
Read MoreThe IRS published the first draft of the 1099-DA with supplementary information on 4/22/2024 (89 FR 29433). The Form 1099-DA will be used by digital asset brokers to report transactions of US taxpayers, similar to the Form 1099-DIV brokers and banks issue every year. Back in November 2021, the Infrastructure Investment and Jobs Act (“IIJA”) […] Read More…
Read MoreWe are pleased to announce that Sandra R. Brown will be moderating a panel at the upcoming ABA Tax Section 2024 May Tax Meeting on the on the topic of “The Importance of Interview Notes in Criminal Matters, From Investigation Through Sentencing” on Saturday, May 4, 2024, 10:30 a.m. (EST), along with co-panelists, Michael Kelly (Akerman […] Read More…
Read MorePhilipp Behrendt was quoted in Tax Notes Article on the question whether the IRS get a percentage after a crypto 51 percent attack (Posted on Apr. 16, 2024, by Nathan J. Richman and Mary Katherine Browne). The article explores the question whether the IRS position on the worthlessness of digital asset is applicable to losses […] Read More…
Read MoreSteven Toscher was quoted in a Tax Notes Article on the Tax Court’s recent decision in Mukhi v. Commissioner concerning an 8th Amendment challenge to foreign trust information reporting penalties. While the Tax Court rejected the 8th Amendment challenge to foreign trust information penalties, the controversy and arguments will continue. As noted by Steve …. “. . . the government […] Read More…
Read MoreWe are pleased to announce that Steven Toscher will be receiving the prestigious Jules Ritholz Memorial Merit Award presented by the Civil and Criminal Tax Penalties Committee of the Taxation Section of the American Bar Association. The Award is being presented at the May meeting of the Taxation Section taking place May 2nd to 4th in […] Read More…
Read MoreUsing a portion of the tens of billions of dollars now set aside for enhanced IRS enforcement under the Inflation Reduction Act of 2022 (the “IRA”),[1] the IRS announced a new campaign under its Large Business & International (LB&I) Division: The Business Aircraft Campaign (the “BAC”) on February 21, 2024.[2] In an effort to ensure tax […] Read More…
Read MoreOn February 29, 2024, the IRS announced a new initiative targeting approximately 125,000 high-income taxpayers who have failed to file federal income tax returns since 2017. With funding from the 2022 Inflation Reduction Act, the IRS will send compliance letters to these individuals, including over 25,000 letters to individuals with incomes above $1 million and over […] Read More…
Read MoreWe are pleased to announce that Michel R. Stein will be speaking at the upcoming ABA Section of Real Property, Trust & Estates Law webinar on the on the topic of “IRS Exams for High Wealth Individuals and Partnerships” on Tuesday, April 2, 2024, 10:00 a.m. – 11:30 a.m. (PST), along with co-panelists, Eric Cirelli (IRS […] Read More…
Read MoreDear Colleague- We cannot believe that it is March already and it’s time to Save the Date for the 2024 UCLA Extension Tax Controversy Institute, which will be held this year on October 24, 2024 at the Beverly Hills Hotel. It will be the 40th Anniversary of the Institute and you will not want to miss […] Read More…
Read MoreWe are pleased to announce that Steven Toscher, Evan Davis, and Sandra Brown will be speaking at the upcoming CalCPA webinar “New Corporate Transparency Act: The World is Changing” Tuesday, March 19, 2024, 9:00 a.m. – 10:00 a.m. (PST). On January 1, 2021, Congress enacted the National Defense Authorization Act for Fiscal Year 2021 (NDAA). Contained within the […] Read More…
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