The new Biden administration is clearly signaling that renewable energy will be a key focus of its plan going forward. For example, the Biden administration has set a goal to deploy 30 gigawatts of offshore wind generation capacity by the
Latest from Texas Tax Talk - Page 2
Guidelines for Protecting Privilege in Tax Cases
Lawyers, tax or otherwise, understand that privileged information must be protected to encourage a full and frank dialogue between clients and their attorneys. Tax information, in particular, contains some of the most private information for both individuals and businesses. Gray Reed
Field Examinations with the IRS
Field examinations involve returns with more complex issues, thereby requiring examination by someone more knowledgeable in the field of accounting and the Internal Revenue laws. Field examinations are conducted by Revenue Agents and are normally performed at the taxpayer’s place
Understanding IRS Rules on Passive Activity Losses
Several abusive tax shelters in the 1970s and 1980s caused Congress to enact rules to prevent taxpayers from deducting losses when a taxpayer doesn’t materially participate in the activity. These passive loss rules apply to individuals (including partners and S
Tips for Negotiating with the IRS
While dealing with the IRS generally involves submitting documents or legal authority to support a client’s position, in most cases the element of negotiating is present. Negotiating becomes particularly important in dealing with the IRS where documentation may not exist,
The Tax Benefits of Research and Development Expenses (IRC Section 41)
“No problem can withstand the assault of sustained thinking.”
— Voltaire
Businesses are started with good ideas and a lot of hard work. Companies are sustained by applying that same hard work to the challenges and problems they face along
How to Select a Tax Attorney
Understanding the IRS and the tax laws is very difficult and confusing. When a taxpayer has a tax controversy matter with the IRS, selecting a tax attorney may be just as confusing and complicated. Not all attorneys are created equal
Joshua Smeltzer Quoted by Law360 on Cryptocurrency Enforcements
Joshua Smeltzer was recently quoted by Law360 in an article on cryptocurrency enforcements:
“The John Doe summons is probably one of the most powerful tools the government has,” Joshua Smeltzer, counsel at Gray Reed, told Law360.
“Every time the IRS
Tax Practice Pointer: Potential Client Interview
A new client presents a great opportunity, but there is also great risk that the relationship will not be a good fit. If the client is not a good fit it will be bad for both sides and result in
The Cost of Litigating Against the IRS
Litigation in all forms is becoming extremely expensive to clients. This is not only because of legal fees, but also because of the penalties and interest that continue to accrue when dealing with the IRS.