Tag archives for irs tax

  1. Valuation Discounts

    A recent Washington case supported a taxpayer’s use of valuation discounts for LLC units as well as a redirection of excess gifts to a charity.

  2. IRS Statute of Limitations

    The IRS has only 10 years to collect a tax debt. The 10 years is counted from the date of the assessment (not the tax year) and the statute is extended if a taxpayer pursues any number of strategies.