Tax Blog and News
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...
BENEFICIAL OWNERSHIP INFORMATION REPORTING
New Federal Reporting Requirement for Beneficial Ownership Information (BOI) Beginning on January 1, 2024, the Corporate Transparency Act went into effect, requiring many companies in the United States to report information about their beneficial owners, i.e., the...
Swiss Private Bank Admits to Hiding Offshore Accounts, Agrees to Pay more than $122 Million to U.S.
Swiss private bank Banque Pictet et Cie SA entered into a deferred prosecution agreement with the Department of Justice, admitting to conspiring with U.S. taxpayers and others to hide more than $5.6 billion in 1,637 secret bank accounts and to conceal the income...
Igor Drabkin Presents Webinar on IRS Appeals Office
We are pleased to announce that on December 14, 2023, Igor Drabkin will be speaking at a Strafford Publications webinar entitled "Navigating the IRS Independent Office of Appeals: Achieving Favorable Settlements, Avoiding Litigation". This course will provide tax...
FTB Extends Period to Participate in the FTB’s Settlement Offer for Micro-Captive Insurance and Syndicated Conservation Easement Transactions
On November 13, 2023, the FTB issued FTB Notice 2023-03 which extends the period for participating in the FTB’s resolution program to January 31, 2024. On May 31, 2023, the FTB issued FTB Notice 2023-02 which sets forth the procedures for taxpayers to participate in...
Michele Weiss to Present on the Employee Retention Credit
On November 3, 2023, Michele Weiss, principal at Holtz, Slavett & Drabkin, APLC, will present on a panel entitled “Keeping up with the Credits: Employee Retention Credit.” The panel will present at the California Lawyers Association Annual Meeting of the Tax Bar...