Recent Articles


CPA Penalized for Knowledge of Understatement

Sec. 6701 imposes a penalty for assisting another person in understating their tax liability. The Sec. 6701 penalty is not subject to a statute of limitations. The IRS can assess these penalties at any time, even years and decades after… Read More The post CPA Penalized for Knowledge of Understatement appeared first on Houston Tax Attorneys: Kreig Mitchell. Read More ...
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Can the IRS Get Records from Foreign Corps that do Business in the U.S.?

In CCA 2019060408545121, the IRS asked its tax attorneys whether a foreign corporation that conducts business with a limited partner in the U.S. had to produce records.  Our tax laws provide address this very topic, as noted in the CCA.… Read More The post Can the IRS Get Records from Foreign Corps that do Business in the U.S.? appeared first on Houston Tax Attorneys: Kreig Mitchell. Read More ...
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Reporting Debt Discharged in a Court Settlement to the IRS

There are some circumstances where information has to be reported to the IRS, even though the information does not trigger a tax. But the potential problem can be that the information reporting triggers an IRS audit or other consequences. The… Read More The post Reporting Debt Discharged in a Court Settlement to the IRS appeared first on Houston Tax Attorneys: Kreig Mitchell. Read More ...
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Can the IRS Take My 401(k) Plan Account?

Can the IRS take my 401(k) plan account for unpaid taxes? Does it have to wait until I take distributions from the 401(k) plan account? The IRS recently asked its tax attorneys this question in CCA 201927019. About 401(k) Plan Accounts The 401(k) plan account is the most popular method for saving for retirement. They […] The post Can the IRS Take My 401(k) Plan Account? appeared first on Houston Tax Relief Attorney, Kreig Mitchell LLC. Read More ...
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Voluntary Sale In Advance of Forced Auction an Involuntary Conversion?

A taxpayer can generally avoid paying income tax on gain from the sale of property if the sale is an involuntary conversion. This typically involves a government act that takes or destroys the taxpayer’s property. There are a number of different types of property and takings that can qualify? But what about a local TV […] The post Voluntary Sale In Advance of Forced Auction an Involuntary Conversion? appeared first on Houston Tax Attorneys: Kreig Mitchell. Read More ...
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Deducting Travel Expenses for Travel Away from Home

Contractors and business owners are able to deduct travel costs for travel away from home. This typically includes mileage and lodging costs. The amount of these expenses can be substantial. The IRS frequently audits and adjusts these expenses. Even with perfect records, the expenses may not be allowable depending on where the taxpayer’s “tax home” […] The post Deducting Travel Expenses for Travel Away from Home appeared first on Houston Tax Relief Attorney, Kreig Mitchell LLC. Read More ...
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Recouping Tax on Marital Wages Repaid to Employer After Divorce

If a couple files a joint return and pays tax on the income they earn, but after they divorce it turns out that one of the spouses has to repay monies received in error, can the other spouse recoup their portion of the prior tax paid on the income? The claim of right doctrine may […] The post Recouping Tax on Marital Wages Repaid to Employer After Divorce appeared first on Houston Tax Attorneys: Kreig Mitchell. Read More ...
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Raising a Tax Issue for the First Time in Court

With tax litigation, it is often best to raise every argument possible. But what if the law seems clear on an issue and then, during the course of the tax dispute, another court issues an opinion making the law less clear? If this isn’t discovered or realized soon enough, should the taxpayer be precluded from […] The post Raising a Tax Issue for the First Time in Court appeared first on Houston Tax Attorneys: Kreig Mitchell. Read More ...
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Can a Letter be Treated as a Handwritten Will in Texas?

Can a handwritten letter that names an executor and does little else count as a valid will in Texas? The court addresses this in Estate of Silverman, No. 14-18-00256-CV (Tex. App.–Houston [14th Dist.] 2019). Facts & Procedural History The decedent was a forensic psychiatrist. Two years prior to his death, the decedent signed a letter […] The post Can a Letter be Treated as a Handwritten Will in Texas? appeared first on Houston Probate Attorneys: Kreig Mitchell LLC. Read More ...
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Does an Author Pay Self-Employment Tax on Royalties?

Taxpayers are free to structure payments for services rather than for something other than services. This can save self-employment taxes. But can a taxpayer carve out part of their service income by asserting that some part of the income is not from a business? The Slaughter v. Commissioner, T.C. Memo. 2019-65, case addresses this in […] The post Does an Author Pay Self-Employment Tax on Royalties? appeared first on Houston Tax Attorneys: Kreig Mitchell. Read More ...
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