Tax Blog and News
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...
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...