Welcome to the first edition of Friedman's "Week in Tax" Highlights. Stay informed of the critical tax changes that matter most to you and your business--before anyone else.
June 11, 2021 [NEW] IRS Guidance on Section 1202 Sheds Some Light on Section 199A Too
In response to taxpayer requests, the Internal Revenue Service (IRS) will sometimes provide a Private Letter Ruling (“PLR”) to a taxpayer that interprets and applies tax laws to the taxpayer’s represented set of facts.
June 11, 2021 [NEW] LLC Members and the Self-Employment Tax
The IRS recently announced that they are going to step up their audit focus on claimed SE Tax exemptions.
June 11, 2021 [NEW] Words Have Meaning and the Meaning May Be Taxing
It is often said that the people who make out best in a divorce are the attorneys. Sometimes, however, it’s the IRS that wins.
