Certain limited partners in venture capital and private equity will likely see an increase in their tax liability due to a recent U.S. Tax Court decision. Generally, partners in a partnership and members in a limited...more
12/8/2023
/ Business Entities ,
Exclusions ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Limited Partnerships ,
Partnerships ,
Self Employed ,
Self-Employment Tax ,
Tax Court ,
Tax Exemptions ,
Tax Planning
In a rare unanimous opinion, the U.S. Supreme Court recently confirmed that existing law allows the IRS to probe your bank records, without ever notifying you. Under the applicable statute, the Court concluded the IRS is not...more
6/2/2023
/ Bank Records ,
Debt Collection ,
Government Investigations ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Notice Requirements ,
Polselli v International Revenue Service ,
SCOTUS ,
Tax Court ,
Tax Debt ,
Tax Liability