The US Court of Appeals for the Federal Circuit has upheld a decision by the US Court of Federal Claims affirming an IRS penalty imposed on willful non-filer of a required return.  The Internal Revenue Code §5314 mandates than US…Read more

Kevan McLaughlin Named Finalist for the San Diego Business Journal’s Leader’s in Law Award

Question: When my husband and I bought our house recently our real estate agent asked us how we wanted to hold title – as joint tenants or community property. We weren’t sure and she couldn’t tell us the difference, so we took…Read more

Taxpayers in states such as California and New York hoping for some relief from the state and local tax (SALT) deduction cap contained in the 2017 Tax Cuts and Jobs Act were dealt a blow on Monday by a federal…Read more

What happens if a financial institution and qualified retirement plan administrator makes a distribution to you, but you forget to cash the check? That is the exact situation the IRS recently addressed in Revenue Ruling 2019-19. In the issues presented,…Read more

Although difficult, one of the most important conversations that you can have with your loved ones is about your private wishes for medical and end-of-life care.  Many people assume that their families will make the choices that they would want…Read more

With the increasing commercial success of ancestry and health genetic tests, the question has arisen whether amounts paid to obtain information about one’s genetic health are deductible under the Internal Revenue Code (IRC).  In August, the IRS answered that question…Read more

Finding out or determining that something got left out of your return after you filed can get fixed. Tax regulatory bodies will ask a bigger question as to ask what and why the omission occurred. If the matter at hand…Read more

A lot of folks forget to put the assets in the trust to protect them from probate. Learn what can and can NOT go into a trust from our own Anne Wenger.

The IRS starts to look at social media in most cases when the taxpayer owns an online storefront. Such sales transactions don’t get reported automatically to the IRS, or at least not consistently. So if the IRS sees your tax…Read more