Tax Blog and News
IRS Announces Special Program for Withdrawal of Ineligible Employee Retention Credits (ERC)
Today, in an attempt to further deal with the Employee Retention Credit (ERC) refund scams, the IRS announced a new process for withdrawal of inappropriate ERC claims. This new withdrawal option allows certain employers that filed an ERC claim but have not yet...
Tax Filing Relief for Victims of Terrorist Attacks in Israel
The Internal Revenue Service announced, in Notice 2023-71, that certain taxpayers affected by the terrorist attacks in Israel on October 7, 2023, will qualify for postponement of various tax filing and payment deadlines. The affected taxpayers, both individual and...
IRS Extends Deadlines for California Residents to November 16
Today, October 16, 2023, the IRS issued an announcement, further postponing tax deadlines for most California taxpayers to November 16, 2023. Because of the last winter's natural disasters, the normal April 15 due dates had previously been postponed to October 16. As...
Holtz, Slavett, Drabkin & Warner Sponsors 39th UCLA Tax Controversy Institute
Holtz, Slavett & Drabkin is proud to once again sponsor the 39th Annual UCLA Tax Controversy Institute, the preeminent conference exclusively dedicated to tax controversy and tax litigation. The conference provides an open forum for many distinguished presenters...
Igor Drabkin & David Warner Analyze Recent FBAR Developments in Webinar
Tax Attorneys and Shareholders Igor S. Drabkin and David J. Warner will be speaking in an upcoming Strafford live webinar, "FBAR 2023 Update: Filing Requirements, Recent Cases, Deadlines, Extension, Penalty Resolution, and Waiver Provisions" on Wednesday, November 1,...
Michele Weiss Interviews IRS National Taxpayer Advocate
On August 2, 2023, Michele Weiss, Principal at Holtz, Slavett & Drabkin, interviewed Erin Collins, the IRS National Taxpayer Advocate. The interview was a Beverly Hills Bar Association program. The Taxpayer Advocate Service (TAS) is an independent organization...
Former IRS Attorney Kevin Oveisi Joins Holtz, Slavett, Drabkin & Warner
Holtz, Slavett & Drabkin, APLC, is pleased to announce that former IRS attorney Kevin Oveisi has joined the firm as a tax attorney. Kevin brings to Holtz, Slavett & Drabkin invaluable experience as a senior trial attorney for the IRS Office of Chief Counsel...
IRS Enforcement Focuses on High Income Taxpayers, Puerto Rico Scheme and Malta Pension Arrangements
On July 14, 2023, the IRS issued a release, IR-2023-126, discussing the agency’s improvements in taxpayer service and modernization efforts. From the compliance enforcement standpoint, the IRS announced that it will continue to focus on high income, high net worth...
Michele Weiss Quoted in Bloomberg Tax Article on FTB Conservation Easement Settlement Program
Michele Weiss, principal at Holtz, Slavett & Drabkin, was quoted in a Bloomberg Tax article on the FTB’s recently announced settlement program for California taxpayers who invested in syndicated conservation easement transactions (“FTB Settlement Program”). The...
Michele Weiss Quoted in Tax Notes Today Article About ERC Fraud
Michele Weiss, principal at Holtz, Slavett & Drabkin, APLC, was quoted in a Tax Notes Today article, “Training Docs Suggest IRS Is Focused Only on Most Serious ERC Fraud.” Michele discussed the IRS training materials for the Employee Retention Credit (ERC). The...