It is hard to believe it, but 2019 is coming to an end. We have had a truly interesting year in the world of tax law, the primary impetus of which was the aftermath of the Tax Cuts and Jobs Act (“TCJA”). During the past 12 months, we have explored several aspects of the TCJA as well as other interesting developments in tax law, including:
- Opportunity Zone Funds – Part I—Overview of the Law
- Opportunity Zone Funds – Part II—Due Diligence Required
- Opportunity Zone Funds – Part III—Lots of Questions But Few Answers
- Opportunity Zone Funds – Part IV—The Second Round of Proposed Regulations
- Oregon’s New Corporate Activity Tax
- Now You See It – Now You Don’t. Like Magic, the City of Portland Disallows Depreciation Deductions Otherwise Allowable as a Result of Code Section 754
- Referendum to Repeal Oregon Corporate Activity Tax Has Wind Taken Out of Its Sails – The New Tax May Be Here to Stay
- The Oregon Department of Revenue Plans to Publish Much Needed Guidance on the Newly Enacted Corporate Activity Tax
- IRS Cleaning House at the Office of Professional Responsibility
- Be Aware – The CAT Is on the Prowl – the Oregon Department of Revenue’s Town Hall Meetings Begin Tonight
- School is Back in Session and the CAT is Among the Most Popular Courses
- The CAT Continues to Be on the Prowl – the Oregon Department of Revenue’s Town Hall Meetings Roadshow Made It to Portland
- The CAT Has Gone Telephonic
- Hold the Phone, but Not Your Questions – Recent Oregon CAT Updates
- The IRS Continues Taking Measures to Enhance Security – the EIN Application Process Changed Earlier This Year
- Continue to Keep Your Eyes Peeled and Your Ears Tuned-In for CAT Developments—They Are Rolling In
It is hard to believe it, but 2018 is close to an end. We have had a truly interesting year in the world of tax law, the primary impetus of which was the passage of the Tax Cuts and Jobs Act (“TCJA”) late last year.
During the past twelve months, we have explored several aspects of the TCJA as well as other interesting developments in tax law, including:
It is hard to believe it, but 2017 is close to an end. We have had a truly interesting year in the world of tax law. Attempts to eliminate the Affordable Care Act and the enactment of the Tax Cuts and Jobs Act in late December are highlights of this past year. In early January, I plan to provide readers with a multi-part series on the new tax law.
During the past 12 months, we have explored several topics, including:
It is hard to believe, but 2016 is close to an end. The year has proven to be a quite fascinating year in the world of tax law. Given the results of November’s presidential election and the composition of the House and the Senate, 2017 should be even more intriguing in terms of tax law developments. I plan to report these tax developments as they occur in the new year. Stay tuned!
During the past twelve months, we have explored numerous tax topics, including:
- The rise and fall of Oregon’s proposed Measure 97;
- The saga of former U.S. Tax Court Judge Diane L. Kroupa, including her original indictment, the allegations against Ms. Kroupa made by her now estranged husband and her eventual guilty plea;
- The estates of Michael Jackson and Prince;
- The new partnership audit regime;
- New IRS Appeals rules and procedures;
- The deductibility of the expenses incurred in obtaining an advanced degree – Emmanuel A. Santos v. Commissioner, TC Memo 2016-100;
- Tax laws relating to legalized sales of cannabis; and
- The tax gap.
It is hard to believe that 2015 is almost at an end. Although this year has gone by quickly, it has proven to be an interesting year in the world of tax law. During the past twelve months, we have explored numerous tax topics and developments, including tax extender legislation, IRS budget cuts, leadership changes at OPR, IRC Section 1031 exchanges, tax reform, taxation of cannabis, and offshore voluntary disclosure programs.
I feel especially blessed this year. The support that I have received from the legal, tax and accounting professions has been overwhelming. In June, the Oregon State Bar bestowed upon me the Taxation Section Award of Merit. Then, in September, I was elected to the American College of Tax Counsel. Without your help, these accolades would not have been attainable. Thank you.
I'm proud to announce that Larry’s Tax Law was featured in LexBlog’s Top 10 Law Blogs List in February, March and July of this year. I hope to keep publishing useful material for CPAs and Tax Professionals.
Your feedback and guidance are truly appreciated. Please let me know if there are any topics or issues that you would like me to address in future blog posts.
Thank you for your support this year! Best wishes for a wonderful holiday season and a terrific 2015.
Larry J. Brant
Larry J. Brant is a Shareholder and the Chair of the Tax & Benefits practice group at Foster Garvey, a law firm based out of the Pacific Northwest, with offices in Seattle, Washington; Portland, Oregon; Washington, D.C.; New York, New York, Spokane, Washington; and Beijing, China. Mr. Brant practices in the Portland office. His practice focuses on tax, tax controversy and transactions. Mr. Brant is a past Chair of the Oregon State Bar Taxation Section. He was the long-term Chair of the Oregon Tax Institute, and is currently a member of the Board of Directors of the Portland Tax Forum. Mr. Brant has served as an adjunct professor, teaching corporate taxation, at Northwestern School of Law, Lewis and Clark College. He is an Expert Contributor to Thomson Reuters Checkpoint Catalyst. Mr. Brant is a Fellow in the American College of Tax Counsel. He publishes articles on numerous income tax issues, including Taxation of S Corporations, Reasonable Compensation, Circular 230, Worker Classification, IRC § 1031 Exchanges, Choice of Entity, Entity Tax Classification, and State and Local Taxation. Mr. Brant is a frequent lecturer at local, regional and national tax and business conferences for CPAs and attorneys. He was the 2015 Recipient of the Oregon State Bar Tax Section Award of Merit.
Upcoming Speaking Engagements
- "The Road Between Subchapter C and Subchapter S – It May Be a Well-Traveled Two-Way Thoroughfare, But It Isn’t Free of Potholes," 2022 Oregon Tax InstitutePortland, OR, 6.2.22
- "Revisiting Choice of Entity in Light of Tax Changes on the Horizon," 2022 OSCPA Farming, Ranching & Agribusiness ConferenceBend, OR, 6.3.22
- "Oregon Real Estate Tax Update – A Review of Recent Income Tax Developments in Oregon Impacting Real Estate Investors," 2022 OSCPA Annual Real Estate Tax ConferencePortland, OR, 6.8.22
- "The Intersection of Code Section 1031 and Opportunity Zones," 2022 OSCPA Northwest Federal Tax Conference10.24.22