Current Articles

• IRS Forms VS. Statues – Net Capital Loss Deduction
  By Jason Freeman
  Powell and Iakovenko v. Comm’r, T.C. Summary Opinion, 2022-19 | Copeland, J. | Docket No. 20268-19S (Freeman Law Tax Court In Brief) Short Summary Petitioners claimed a $123,822 long-term capital […]
• TIGTA Finds IRS Is Not Always Following Procedures For Tax Liens
  By Zachary Montgomery
  In 2021, the Internal Revenue Service filed 212,251 Notices of Federal Tax Lien (“NFTLs”). To provide perspective, in 2019 (i.e., pre-COVID-19 pandemic), the IRS filed 543,604 NFTLs. The IRS is […]
• Guide To U.S. Inheritance And Estate Tax For US Expats
  By Olivier Wagner
  Are you worried about paying inheritance tax in the United States and your country of residence? In this guide, we’ll discuss what the inheritance tax is when it’s taxable and what tax obligation you […]
• What Is A Per Diem Allowance? What Is The Rate?
  By TaxConnections Admin
  Per diem or daily allowance is a specific amount of money that an organization gives an individual, typically an employee, per day to cover living expenses when travelling on the employer’s […]
• Treasury Issues Proposed Regulations On IRS Appeals Procedures
  By Matthew Roberts
  Taxpayers routinely resolve their tax controversy matters without resort to litigation.  Indeed, good tax professionals will often seek to avoid costly and time-consuming litigation, if possible, by […]