After many years advising large corporations as an in-house lawyer, I now advise small and business sized business regarding corporation formation…
I help clients located in Washington and California to work with the IRS, the Washington Department of Revenue and the California Franchise Tax Board…
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.
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.