Blog Posts in Tax

We try to get a feel for the client’s real objectives in setting up a plan at the initial estate planning meeting. This allows us to create a plan that is customized to meet the specific needs and ...

We are not like the “TV commercial attorneys”. This is not meant to disparage the personal injury, disability or workers’ compensation attorneys who advertise on television, but we are in a completely ...

During 2013, Penzien & McBride, PLLC obtained a favorable ruling from the United States Tax Court related to the requirement of the IRS to properly notify a taxpayer of his rights to appeal a proposed ...

While the decision of the U.S. Tax Court in McPartland v. Commissioner is not groundbreaking or surprising, it is a reminder to business start-ups. Without going into a great deal of detail, what led ...

We often have clients looking to buy or sell a business. It is not uncommon for the parties to negotiate the basic terms of the deal before involving our firm, or the accounting and financial ...

A concept under federal tax laws that seems to baffle a lot of people is Cancellation of Debt income (“COD Income”). What is COD Income? Under IRC §61(a)(12), when you have debt cancelled by a ...