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As managing partner of PHILLIPS GOLDEN LLP, I would like to welcome you to our website.  We hope that the information you find here is helpful.  Please be aware, however, that any contact you make to us through our website or any reply to inquiries you make through our website…

Fiduciary Legal and Administrative Fees Survive TCJA Elimination!

The Tax Cuts and Jobs Act of 2017 (Pub. L. No. 115-97) (“TCJA”) eliminated the deduction for miscellaneous itemized deductions, at least temporarily, until 2025. This means that expenses incurred for the production of income described in IRC Section 212, such as those incurred to manage investments and tax preparation…

TCJA Update – Pass-Through Deduction Regulations – Late July

TCJA Update – Pass-Through Deduction Regulations – Delayed Until Late July Administration officials are now saying that the new and desperately needed rules under IRC Section 199A will not be issued until late July. This author will go out on a substantial limb and tell you not to hold your…

Cryptocurrency on the Hot Seat – Targeted IRS Enforcement

Cryptocurrency on the Hot Seat – Targeted IRS Enforcement The IRS, on July 2, 2018 through its Large Business and International division, announced that it will begin targeted audits and other enforcement actions in a few specific areas. Importantly, the area of virtual currency or “cryptocurrency” was singled out for…