Tax Blog and News
IRS Recovers $1.3 Billion from High-Income Individuals: What This Means for Your Tax Compliance
The IRS has made headlines recently with a monumental announcement: $1.3 billion has been recovered from high-income and high-wealth individuals, thanks to the Inflation Reduction Act (IRA). This significant enforcement success highlights a shifting landscape in tax...
Michele Weiss to present on the BBA/Centralized Partnership Regime at the Upcoming ABA Conference
Michele Weiss, Principal and Tax Attorney at Holtz, Slavett & Drabkin, along with Kandyce Jayasinghe (Covington & Burling) and Brian Gardner (Asbury Law Firm), will be speaking at the upcoming ABA Tax Section Virtual Fall Tax Meeting on the topic of...
Igor Drabkin and David Warner to Present at Strafford Webinar on Penalty Abatement Procedures
We are pleased to announce that Igor S. Drabkin and David J. Warner will be co-presenting a Strafford webinar entitled “Complex IRS Penalty Abatement Procedures for Failure-to-File, Failure-to-Pay” on Monday, November 18, 2024, at 10:00 a.m. PST/1:00 p.m. EST. This...
Major U.S. Tax Court Victory for David J. Warner, Kevin Oveisi & Richard Gano in Complex Fraud Trial
On September 5, 2024, the Holtz, Slavett & Drabkin trial team of former IRS attorneys David J. Warner, Kevin Oveisi, and Richard Gano won a complete victory in the United States Tax Court in the cases of Hoyal et al. v. Commissioner, T.C. Memo. 2024-84! These...
Holtz, Slavett & Drabkin is Proud to Sponsor UCLA 40th Tax Controversy Conference; Igor Drabkin to Speak on the IRS Collection Procedures
Holtz, Slavett & Drabkin, APLC is proud to sponsor this year’s 40th UCLA Annual Tax Controversy Conference, the preeminent event exclusively dedicated to tax controversy and tax litigation. Igor Drabkin will be presenting as one of the speakers on the panel...
The ERC Voluntary Disclosure Program Returns – When Is It a Good Idea to Participate?
On the heels of its announcement that the IRS has approved 50,000 employee retention credit (ERC) claims, rejected 28,000 ERC claims, initiated 460 ERC-claim related criminal cases, and extended the ERC claim review moratorium to January 31, 2024,[1] the IRS announced...
Michele Weiss Shares Insights for the Daily Journal on the Employee Retention Credit
Michele Weiss recently published an article in the Daily Journal entitled “The IRS has ramped up its efforts to catch tax fraudsters involved in Employee Retention Credit misuse.” In this article, Michele analyzes the current state of the Employee Retention Credit....
Michele Weiss to Discuss Attracting and Retaining Talent for Start-Ups
On June 20, 2024, Michele Weiss, principal at Holtz, Slavett, & Drabkin, will participate in a Beverly Hills Bar Association Panel: “Attracting and Retaining Talent for Start-Ups: Employee Incentive Plans, Payroll Concerns, Immigration Law Issues.” This panel is...
Rescheduling Marijuana from Schedule I to Schedule II: No More I.R.C. § 280E, More Tax Deductions, and Potential Refunds to Cannabis Businesses?
Cannabis businesses that cultivate, distribute, or sell marijuana have long been subject to I.R.C. § 280E. Section 280E states that no deduction or credit is allowed for a business that “consists of trafficking in controlled substances (within the meaning of schedule...
Michele Weiss to Speak About Tax Issues in Settlement Agreements
Settling employment cases can be a harrowing experience. Plaintiffs have often experienced challenges and struggles at their employment prior to filing their claim. Reaching a settlement brings a sense a relief as a potentially difficult chapter in the plaintiff’s...