By: Amanda Wilson Here is a brief article that goes into more detail than yesterday's post regarding the recent decision that impacts abandonment losses. The article can be found here.

By: Amanda Wilson Several years ago, many taxpayers faced with underwater partnerships would abandon their partnership interests, thereby triggering an ordinary loss. This ordinary loss was often preferred over the capital loss that would be...

By: Amanda Wilson Earlier this week, IRS Commissioner Koskinen delivered a speech that discussed the challenges that the IRS continues to face as a result of budget reductions. IRS staffing is already down 13,000 full time employees since 2010, and...

By: Amanda Wilson A Health and Human Services official announced today that the deadline for signing up for coverage through HealthCare.gov from February 15h through April. This extension will provide many individuals that had not signed up by the...