The Tax Cost of Litigation, Part I

When a plaintiff wins a judgment or reaches a settlement, the tax man will be lurking to get his share. There are two main issues in the taxation of litigation. This blog post will focus on a plaintiff in a non-business litigation situation, such as personal injury or...

Forming a Tax-Exempt Organization

With the current state of the world, charities are needed now more than ever. If you are contemplating creating a charity you should consult with a qualified tax attorney or advisor as the world of charities is more complicated than you would think. In general,...

IRS Appeals Procedure

The IRS has finished its audit and has issued a “30-day letter” with proposed adjustments. What now? The IRS provides a forum for appealing a proposed income tax deficiency known as IRS Appeals. The Appeals Office is separate from – and independent of – the IRS office...