Tax Blog and News
Can Non-Willful FBAR Penalties Exceed $10,000 Per Year?
by Michele Weiss US taxpayers are obligated to file a foreign bank account report (“FBAR”) if the aggregate value of their foreign account interests exceeds $10,000 on any day during a calendar year. 31 U.S.C. § 5314; 31 C.F.R. §§ 1010.350(a), 1010.306(c). Taxpayers...
Tax Issues in the Cannabis Industry
The IRS has made tax enforcement in the cannabis industry one of its top priorities.
Michele Weiss to Participate in April 1 Panel on the Taxation of NFTs as part of the Beverly Hills Bar Association NFT Week
On April 1, 2022, Michele Weiss will moderate a Beverly Hills Bar Association program on "Tax Implications of Acquiring, Holding or Selling NFTs". The recent explosion of the creation and sale of NFTs has brought about significant concerns regarding the taxation of...
Buying Cryptocurrencies? The IRS is Very Interested in Your Taxes
The Internal Revenue Service (IRS) has had an interest in virtual currencies, including cryptocurrencies like Bitcoin, for several years. The IRS is looking closely at these transactions.
Richard Gano Joins Holtz, Slavett & Drabkin
Holtz, Slavett & Drabkin, APLC, is pleased to announce that Richard Gano has joined the firm as a tax attorney. Richard brings to Holtz, Slavett & Drabkin invaluable experience as a tax attorney for the IRS Office of Chief Counsel in its headquarters in...
Michele Weiss to speak to Provisors Los Angeles Lawyers and Legal Professionals Affinity Group on Managing Tax & Bankruptcy Issues in a Family Law Proceeding
Tax and bankruptcy issues can add complexity to marriage dissolution proceedings. Handling tax and other personal debts can cause these matters to be even more overwhelming. It is critical to understand the interplay between tax, bankruptcy, and family law to properly...
David J. Warner to Speak on S Corporation Audits at Strafford Webinar
Holtz, Slavett & Drabkin tax attorney, principal, and shareholder David J. Warner will be co-presenting a Strafford webinar entitled “IRS New S Corporation Initiative: Losses in Excess of Basis, Taxable Distributions, Handling the Examination” on Wednesday, March...
IRS Ramps Up Tax Enforcement, Hiring 200 Attorneys
IRS Ramps Up Tax Enforcement, Hiring 200 Attorneys
Four HS&D Attorneys Named 2022 Super Lawyers
Four HS&D Attorneys Named 2022 Super Lawyers
David J. Warner Promoted to Principal and Shareholder of Holtz, Slavett & Drabkin
Holtz, Slavett & Drabkin, APLC, is pleased to announce that David J. Warner has become a Principal and Shareholder of the firm. David J. Warner is a tax attorney and the managing principal of the firm’s Orange County office. David has over 13 years of experience...