Firm Insights
This past April, I wrote about a federal indictment returned against Diane L. Kroupa, a former judge on the United States Tax Court, and her husband, Robert E. Fackler. The indictment charged Ms. Kroupa and Mr. Fackler with leaving off income from their tax returns and improperly claiming that certain nondeductible personal expenditures were really deductible…
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Last December, a new law known as the Bipartisan Budget Act of 2015 (the “BBA”) (P.L. 114-74), repealed the existing partnership audit procedures under “TEFRA,” which stands for the 1982 Tax Equity and Fiscal Responsibility Act, effective for tax years beginning in 2018. Thus, for IRS audits of partnerships for tax years in 2018 and…
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The Supreme Court of Missouri recently issued an opinion that sent prosecutors across the state scrambling. Stealing is against the law in the State of Missouri. This likely comes as no surprise. However, you may be surprised to learn that most forms of stealing, regardless of the value of the property or services stolen, cannot…
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