Read the latest insights and updates on tax news from K. Tyson Law.
The IRS can pursue your family for unpaid employment taxes even after you’re gone. In United States v. Guy, 5-23:cv-500 (E.D.N.C.), the government sued a deceased…
The IRS is replacing its First Time Abate (FTA) program with Automatic Exemption from Penalty (AEP), eliminating the need for many compliant taxpayers to request penalty…
What is the Tax Basis of Artwork Transferred by a Museum to an Artist’s Descendants? Before the Civil War, a slave named Dave was a potter…
Buy Low, Donate High Last month, the IRS published its annual Dirty Dozen list of what it refers to as “the worst of the worst tax…
If a taxpayer has a “substantial understatement” of income tax, the Internal Revenue Service (“IRS”) can assert a penalty. In fact, the IRS’s default procedure is…
Kim Tyson was recently quoted in a Bloomberg Law News article “Six Years in: What Lawyers Want From Tax Court’s DAWSON System” by James Matheson. Bloomberg…
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