There are a number of tax issues that U.S. citizens and residents who live abroad have to consider. One of these is whether they qualify to exclude their foreign-earned income in computing U.S. income taxes. This exclusion has resulted in a number…Read More
Tax losses for worthless securities are often challenged by the IRS. It particularly important to document the loss. There are several elements taxpayers have to establish to secure the benefit of tax losses for worthless securities. The recent Gi…Read More
If the U.S. government allows a taxpayer to call a liability an asset and then acts to make the asset worthless, can the taxpayer take a tax loss for the loss of the so-called asset? The Citigroup, Inc. v. United States, No. 15-953T (Ct. Cl. 2018) c…Read More
The IRS only has to mail a notice of deficiency to a taxpayer’s last known address in order to assess or record a tax liability for the taxpayer. This “last known address” rule is often the subject of disputes. The Sadek v. Commissioner, T.C. Memo….Read More
The distinction between taxable compensation and non-taxable gifts comes up in a number of contexts and has led to a number of tax disputes. Severance payments made to workers are an example. The recent Felton v. Commissioner, T.C. Memo. 2018-168,…Read More
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I had some big tax issues and I was unable to handle it alone. They helped me to settle all my tax problems. They were there all the way. I respect their professionalism and appreciate their commitment to their clients.
Great staff and very reasonable price! They were able to quickly understand the problem I was having and were very knowledgeable, they provided strong legal advice and were able to resolve my problem with a much better outcome than I expected.
I was getting Audited by the IRS and did not know what to do. I reached out to Mr. Patel, and I'm grateful I did. Together we worked out a plan to get it resolved, and I couldn't be happier with the result. Mr. Patel's knowledge in tax was truly an asset. I would recommend him to anyone facing any IRS or tax issues.
We found their services to be professional, speedy, and their rates are very reasonable for the wide array of tax services they provide. We were impressed with their knowledge of the inner workings of the IRS and complicated tax law and found them to be very trustworthy and ethical in a field where many other firms are just out to get your money. I would highly recommend their services and will definitely use their services again.
Kunal has been really helpful over the past few months in order to get me compliant per the streamline procedures. Kunal was aware of all the nuances related to FATCA and FBAR procedures and gave appropriate recommendation and advice. I would definitely recommend Kunal for future work related to tax advice or issues with compliance...