Tax Form Troubles

The Six Tax Segments with Attorney T. Scott Tufts–K 1 Form

K-1s Alone Do Not Establish Ownership Under State Law says Ohio Court

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Disgruntled Workers

Recent DOL Action Reminds that Companies Ought Not Compel Workers to Incorporate

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The Six Tax Segments– Whistleblowing/Reporting of Tax Fraud

Look Back Case--Berenblatt v. IRS, 160 TC No. 14 (5-24-23)--Tax Court DOES Have Jurisdiction

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Cryptocurrencies

Will IRS Continue to View NFTs as Collectibles and Crypto as Property?

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International Tax Form Troubles

Failure to File 3520s Will Leave Statute of Limitations Open

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Abusive Tax Shelters/Schemes

IRS IDENTIFIES TWO NEW LISTED TRANSACTIONS--MONETIZED INSTALLMENT SALES AND MICRO-CAPTIVES

On August 3, 2023, the Department of the Treasury and the IRS issued proposed regulations identifying certain monetized installment sales transactions and substantially similar transactions as listed transactions that must be reported to the IRS using IRS Form 8886.  Material advisors and certain participants are also required to file disclosures with the IRS.  Previously, in April, 2023, the Treasury and the IRS used proposed regulations to identify certain micro-captive arrangements as listed transactions and others as transactions of interest.
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T.Scott Tufts, Esq.

My practice is dedicated to the representation of clients and assisting with fellow practitioners on complex tax, business, and probate matters, including:

✪ Business and Partnership Disputes
✪ Tax Consultations & Expert Witnessing
✪ IRS Audits & Examinations
✪ Potentially Abusive Tax Shelter Analysis
✪ Whistleblower & Rewards		 ✪ Probate and Estate Litigation
✪ Tax Disputes & Tax Court Litigation
✪ Form 8082 & BBA Partnership Issues
✪ Fraudulent Schemes & Product Analysis
✪ Worker Classification Issues

If you would like to know more about Mr. Tufts’ practice areas or more about the Firm, please do not hesitate to contact us using the button below or by calling us at (352) 718-0471 or alternatively, at (407) 647-7887.

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