Recent Posts

The Foreign Account and Tax Compliance Act: What is FATCA?

By: Eli S. Noff, Esq., CPA, Partner Mary Lundstedt, Esq., Associate  Brent Conrad In an effort to reduce persistent high unemployment rates resulting from the 2008 financial crisis, President Obama signed The Hiring Incentives to Restore Employment Read More

IRS Actively Targeting Taxpayers for Passport Denial/Revocation – Notice CP508C

By: Eli S. Noff, Esq., CPA, Partner & Mary Lundstedt, Esq., Associate The IRS is now actively in the process of issuing Notices CP508C to hundreds of thousands of U.S. taxpayers—placing all notified taxpayers’ passports in serious Read More

United States V. Garrity: Clarifies Standard of Proof and Establishing Willfulness in FBAR Context

By: Eli S. Noff, Esq., CPA, Partner and Mary Lundstedt, Esq., Associate On April 3, 2018, in United States v. Garrity, the U.S. District Court for the District of Connecticut considered the Government’s suit to reduce Read More

I.R.C. §280E: A Buzzkill For Those Who Keep Poor Records

By: Eli S. Noff, Esq., CPA, Partner and Mary Lundstedt, Esq., Associate  The recent Tax Court’s Alterman v. Commissioner[1] decision is a lesson in Accounting 101 for Cannabisseurs. Well, technically it’s a valuable lesson about record-keeping to all Read More