Amazing personal service, these guys go way above and beyond for me every time I need their expertise.
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Tax Articles
A. Sebastian, Entrepreneur
We run a mid-sized business and have several tax advisers. We hired Kreig to review their work, sort of as a second opinion. Our tax advisors were immediately impressed with Kreig and the value he added. Kreig was able to reduce our tax risk exposure d…
C. Klien, CEO
Skilled and reliable accounting and bookkeeping! I highly recommend them! BKPR can handle all your needs and flexible enough to fit your specific needs.
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IRS Summons and the Attorney-Client Privilege
The attorney-client privilege protects communications with a tax attorney from disclosure to third parties, such as the IRS. If the IRS discovers that a tax attorney advised a client on a transaction that wasn’t structured properly, should the IRS be able to use its power to issue an administrative summons to require the attorney produce… Continue reading IRS Summons and the Attorney-Client Privilege
LLC Cannot Use Crewman’s Exemption for Employment Taxes
Can a U.S. citizen who owns and operates a vessel outside of the U.S. avoid paying U.S. employment taxes for its crewmen by using a foreign legal entity? The court considered this issue in DAF Charters LLC v. Commissioner, 152 T.C. 14, for a single member LLC formed in the U.S. that was owned by… Continue reading LLC Cannot Use Crewman’s Exemption for Employment Taxes
Tax Litigation When the Administrative Process Failed
There are cases where the administrative process does not reach the right conclusion. There are also cases where the administrative process isn’t available or fully completed. This can happen with tax disputes handled by the IRS. When it does, does this mean that the taxpayer cannot litigate the tax dispute? The record rule comes into… Continue reading Tax Litigation When the Administrative Process Failed
Getting Started With Quickbooks Online
Getting started with Quickbooks Online. We get a lot of visors to our site for this search phrase. This is likely due to customers signing up with Quickbooks, following the tutorial to connect their bank account, and then wondering what they are to d…
Non-Taxable Subsidy or Taxable Benefit?
Some payments are not subject to Federal income tax. State subsidies are an example. But what is the difference between a non-taxable subsidy and a taxable benefit? The court addresses this in Ginsberg v. United States, No. 2018-1788 (Fed. Cir. 2019), in the context of the New York state brownfield tax credit. Facts & Procedural… Continue reading Non-Taxable Subsidy or Taxable Benefit?
Benefits of Working With a Bookkeeper
When you think of hiring a bookkeeper, you may be thinking that the value proposition is that they can get your transactions or data cleaned up. This is one of the benefits of working with a bookkeeper. Many smaller businesses operate without accurate …
IRS Not Limited in Collecting Restitution Assessments
The IRS is authorized to assess criminal restitution for certain tax crimes. This process allows the IRS to collect the criminal restitution as if it was a tax. The law authorizing these collections is relatively new and evolving. The recent Carpenter v. United States, 152 T.C. 12, case highlights why it is important for those… Continue reading IRS Not Limited in Collecting Restitution Assessments