The year is coming to a close and tax planning for 2017 and 2018 is in full swing. It's a good time to be considering the strategies which help you to lower your tax bill for 2017 and anticipate the best strategies to position you for the new year. Congress...
IRS Audits Target S Corporation Losses
Two additional campaigns result in focused examinations as IRS audits target S Corporation losses and "Basket" transactions. A separate "campaign" has been structured to target S Corporation losses that exceed basis for that company. The IRS has organized internal professionals with specialized expertise to target heavy losses and deductions in...