Nov 28
Welcome to TaxView with Chris Moss CPA Most of you all have invested in stocks and bonds or other publicly traded securities with the help of a “securities dealer” or stock broker. But if you are “trading” in securities on a regular basis for yourself and family, IRS Topic 429 says you may be upgraded …
Nov 07
Welcome to TaxView with Chris Moss CPA The IRS defines a “whipsaw case” as a settlement in one case that can have a contrary tax effect in another case.” IRS Manual 8.2.3.13 All of you at some point will most likely experience a whipsaw case during an IRS audit of a partnership, ex-spouse, related beneficiary …