Tax Blog and News
Michele Weiss to Discuss Attracting and Retaining Talent for Start-Ups
On June 20, 2024, Michele Weiss, principal at Holtz, Slavett, & Drabkin, will participate in a Beverly Hills Bar Association Panel: “Attracting and Retaining Talent for Start-Ups: Employee Incentive Plans, Payroll Concerns, Immigration Law Issues.” This panel is...
Rescheduling Marijuana from Schedule I to Schedule II: No More I.R.C. § 280E, More Tax Deductions, and Potential Refunds to Cannabis Businesses?
Cannabis businesses that cultivate, distribute, or sell marijuana have long been subject to I.R.C. § 280E. Section 280E states that no deduction or credit is allowed for a business that “consists of trafficking in controlled substances (within the meaning of schedule...
Michele Weiss to Speak About Tax Issues in Settlement Agreements
Settling employment cases can be a harrowing experience. Plaintiffs have often experienced challenges and struggles at their employment prior to filing their claim. Reaching a settlement brings a sense a relief as a potentially difficult chapter in the plaintiff’s...
IRS to Increase Number of Audits, Focus on Wealthy Taxpayers and Large Businesses
On May 2, 2024, the IRS released its Strategic Operating Plan, setting forth its priorities and future goals. The plan focuses on five key objectives: Objective 1. Dramatically improve services to help taxpayers meet their obligations and receive the tax incentives...
David J. Warner and Michele Weiss Analyze Strategies for IRS Audits of Employee Retention Credit in Strafford Webinar
On April 26, 2024, Shareholder David J. Warner and Principal Michele Weiss will provide their expertise on the IRS audits of the employee retention credit (ERC) in a Strafford webinar entitled “Preparing for Employee Retention Credit Audits: Withdrawing a Claim,...
Employee Retention Credit Voluntary Disclosure Program Ending March 22, 2024
The Employee Retention Credit (ERC) is a valuable tax incentive that was designed to encourage businesses to retain their employees during challenging economic times during the COVID-19 pandemic. Initially established under the CARES Act and subsequently extended...
Federal District Court Rules Corporate Transparency Act Unconstitutional, Puts BOI Reporting in Question
On March 1, 2024. U.S. District Court for the Northern District of Alabama ruled that FinCEN’s Beneficial Ownership Information (BOI) reporting requirement enacted as part of Corporate Transparency Act (Public Law 116-283) constituted Congressional overreach and,...
Igor Drabkin to Speak at Strafford Webinar on FATCA
We are pleased to announce that Igor Drabkin will be speaking at the upcoming Strafford Publications webinar "FATCA Reporting: Filing Form 8938 for Taxpayers With Foreign Assets, Integrating Latest IRS Guidance" on Monday, March 11, 2024. The Foreign Account Tax...
Holtz, Slavett, Drabkin & Warner Attorneys Named 2024 Super Lawyers in Tax Law
We are very proud to announce that four Holtz, Slavett & Drabkin attorneys were named as 2024 Southern California Super Lawyers in Tax Law. David Holtz, Gary Slavett, Igor Drabkin and Michele Weiss were recognized among the best tax attorneys who have achieved a...
Richard Gano Quoted in Sourcing Journal Article on Yeezy Apparel Tax Lien
Richard Gano, tax attorney at Holtz, Slavett & Drabkin, was quoted in a Sourcing Journal article on the tax liens filed against Yeezy Apparel LLC, owned by Ye. The liens were filed by California’s Employment Development Department (EDD). Taxing authorities such...