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Member Spotlight: Daniel J. Hoffman

Member Spotlight

Dan was born and raised in South Bend, Indiana. He earned a bachelor’s degree in accounting from Indiana University at Bloomington in 1980, attended Notre Dame Law School as a visiting student, and obtained his Juris Doctorate from DePaul University in Chicago in 1986. Dan has served as an audit and tax accountant for Price […]

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Federal Tax Update – March 2018

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INDIVIDUALS In Spireas v. Commissioner, 121 AFTR2d 2018-________, the Third Circuit Court of Appeals agreed with the Tax Court that royalties paid to the inventor on a technology license agreement were ordinary income and not capital gain inasmuch as the inventor had not transferred all of his rights away – as to the technology in […]

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Member Spotlight: Jason B. Freeman

Member Spotlight

Mr. Freeman, a dual-credentialed attorney-CPA, author, law professor, and trial attorney, is the founding and managing member of Freeman Law, PLLC with a principal office in Frisco, Texas. He represents clients in litigation and disputes, with a particular focus on federal and state tax controversies, as well as white-collar and financial disputes, both civil and […]

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Federal Tax Update – February 2018

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INDIVIDUALS PL 115-123, the Bipartisan Budget Act of 2018: Extends through 2017 the exclusion on discharge of acquisition indebtedness on principal residences, the treatment of mortgage insurance premiums as qualified residence interest, the “above the line” deduction for qualified tuition and related expenses and the credit for nonbusiness energy property. Suspends the adjusted gross income […]

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Member Spotlight – Karen J. Tenenbaum

Member Spotlight

An attorney for 30 years, Karen founded Tenenbaum Law, P.C., providing legal counsel to individuals and businesses facing IRS and New York State tax problems. Karen and her team have successfully represented clients in matters including Federal and State Audits, IRS Appeals and NYS Conciliation Conferences, Federal and NYS Collection Issues, including Liens, Levies, Warrants and Seizures, […]

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Member Spotlight – James T. Elliott, Jr.

Member Spotlight

As a tax lawyer and CPA, James T. Elliott practices income tax and estate tax law, representing business owners, corporate executives, and wealthy individuals and their families. Jim’s practice focuses on succession planning, effective use of insurance in estate planning, income tax and gift tax planning, and litigation support. James T. Elliott began working as […]

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Bitcoin, Blockchain, and the Revolution to Come

We are in the midst of a revolution-a digital transformation driven by what many believe could be the most powerful decentralizing force since the rise of the Internet: Blockchain. It is difficult to overstate the potential impact of this technology and its applications. Much as the double-entry system of accounting-first codified by Luca Pacioli, the […]

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Federal Tax Update – January 2018

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INDIVIDUALS In McKenny v. United States, 121 AFTR2d 2018-314, a Florida District Court determined that proceeds from a lawsuit intended to make a client of a CPA firm whole for its negligence were taxfree. In Sun v. Commissioner, 121 AFTR2d 2018-356, the Fifth Circuit Court of Appeals agreed with the Tax Court that gross income […]

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Federal Tax Update – December 2017

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INDIVIDUALS Public Law 115-97, the Tax Cuts and Jobs Act: Reduces all cost of living adjustments throughout the Internal Revenue Code effective 2018 for years thereafter by converting indexing to chained CPI-U (C-CPI-U) which assumes consumers look for substitute items rather than absorb rising prices. Eliminates like-kind exchanges other than for real property effective 2018 […]

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Held Captive: Micro-Captive Insurance in the Aftermath of Avrahami

The IRS recently notched a victory in the much-anticipated Tax Court decision of Avrahami v. Commissioner—the first micro-captive insurance decision to go to press.  The court’s 105-page opinion dealt a blow to the micro-captive insurance industry, which has been under increased IRS scrutiny in recent years.  And with several similar cases still in the pipeline, some have […]

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