For many years now, the IRS has been aggressively pursuing individuals and entities responsible for marketing, selling or promoting abusive tax shelters. At the very least, the IRS seeks severe civil penalties from these individuals and entities and many times proceeds criminally against them. Tax Attorney Lawrence Brown has deep […]
Get Answers and Help Regarding Partnership Tax/TEFRA Issues Has your business partnership been contacted by the IRS about a planned audit? Do you have reason to believe your business partner’s financial affairs leave you vulnerable to increased tax liability on the basis of the partnership and tax provisions of the […]
Texas Conservation Easement Attorney for Taxpayers Facing IRS Investigations Targeting Conservation and Façade Easement Deductions Through the Pension Protection Act of 2006, Congress allowed a number of income tax deductions for owners of property who donated certain rights of ownership in order to preserve the property for future generations. The […]
Recently the IRS has been challenging the use of historic tax rehabilitation credits being used by individuals involved in rehabilitation of historic buildings. These tax credits apply to costs incurred for the rehabilitation of historic buildings. Tax Attorney Lawrence Brown is frequently contacted by individuals regarding historic tax credit issues. […]
Generally speaking the IRS collects income tax from U.S. citizens regardless of where in the world their income is earned. Pursuant to the foreign-earned income tax exclusion, however, a U.S. citizen may exclude a portion of earned income from taxation if he or she was working abroad and had a […]
The Private Inurement Prohibition requires that a public charity that has been granted tax-exempt status under 501(c)(3) of the Internal Revenue code operate so that none of its income or assets unreasonably benefits its board members, trustees, officers or key employees. These types of individuals are commonly referred to as […]
Consult with a Texas FBAR Attorney It is not illegal, per se, to have a foreign bank account. However, failure to disclose the existence of such accounts on Schedule B of Form 1040 and FBAR can expose individuals to severe civil and criminal penalties. Based on the following observations, the […]
Those who prepare income tax returns — CPAs, tax attorneys, Enrolled Agents and non-enrolled tax return preparers — often find themselves the subject of a civil audit or even worse a criminal investigation relating to their tax preparation work. At Brown, PC, we have extensive experience representing tax preparers. Our […]
Finding Solutions to Serious Tax Delinquencies Once a tax debt reaches a certain point, the taxpayer may not have the means to become current on the obligation through a large payment. In these situations, an experienced tax lawyer may be able to negotiate with the IRS to work out an […]
Do Not Let Tax Debt Take Over Your Life If you owe a substantial amount of back taxes and IRS penalties, you are not alone. In fact, the situation is quite common and has led the IRS to accept from taxpayers offers to settle the debt at less than the […]