Category Archives: TAX

TAX CONTROVERSY: PART I – OVERVIEW

The purpose of this article is to provide an overview of the process, which is referred to as “tax controversy,” so you will have an idea of what to expect and can make wise, cost-effective decisions about how to proceed.

Tax Controversy: Part II—Audit

If you have managed to land on the IRS’ (or Department of Revenue’s) radar, and the agent is conducting an examination of your return, you are undoubtedly considering your options.  This article is intended to give you an idea of what to expect and some of the key considerations along the way.

TAX CONTROVERSY–PART III: TAX COURT

When we say “tax controversy,” most people think of audits, which is not wrong.  However, the process can go beyond just an examination of your return.

real estate investment

Real Estate Investment: Part III – Structuring the 1031 Exchange

This is the third and final part of our discussion regarding the use of a 1031 Exchange to defer tax on real estate investments. Used correctly, real estate investors might even defer tax indefinitely—or at least during their lifetimes.

Real Estate: FIRPTA

Foreign investors should be aware of the withholding required under FIRPTA and meet with an HLA attorney to discuss the most advantageous business structure for real estate investments.

Offshore

Taxation of Canceled Debt: Foreclosure Backlash

So, you’re having trouble keeping your head above water with the mortgage payments on your home. You start to slip behind and find that your home is now being foreclosed. What’s next? You can now expect a Form 1099-C from your bank or lender stating that they are forgiving a portion of your debt that remains unpaid. Great news, right? READ FULL POST