Tax Litigation Law Office of Scott Kauffman
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December 2018 Archives

Tax evasion and fraud charges lead to prison sentence

As concerns begin to mount about the length of the current expansion, damage from the last downturn continues to unwind in court. In 2017, a 34-count indictment was filed against a biotech investment fund founder for a scheme to siphon money from investors that started in 2007. By 2013, millions were missing.

Q & A on Qualified Opportunity Zones (QOZs)

Qualified Opportunity Zones (QOZs) allow investors to defer or abate capital gains by investing in “low-income communities” as designated by census tracts. In October, the IRS shared more details about Section 1400Z, a provision in the 1,097-page Tax Cuts and Jobs Act that initially did not receive much attention.

Pleasant and unpleasant tax surprises in 2019

It’s the time of year to run calculations and make adjustments to avoid unpleasant tax-related surprises in the new year. While many deductions have been removed, a positive is that the Alternative Minimum Tax is unlikely to snare as many taxpayers in 2019.