Tax Blog


Payments to Foreign Student Studying in U.S. Subject to Tax






We get quite a few questions from students who are in the U.S. on student visas as to whether their research awards are taxable in the U.S. The answer depends in large part on the terms of the applicable tax …..
The post Payments to Foreign Student S…


Payments to Foreign Student Studying in U.S. Subject to Tax






We get quite a few questions from students who are in the U.S. on student visas as to whether their research awards are taxable in the U.S. The answer depends in large part on the terms of the applicable tax …







Congress Provides Significant Relief for Back Taxes






There are winners and losers when it comes to the recent tax changes proposed by Congress. As it turns out, those who owe back taxes to the IRS may be in the winner category. The proposed changes will significantly increase …







IRS Cannot Use Court to Collect from Third Party Located in Another State






The IRS has a number of collection tools at its disposal. This includes the ability to take the taxpayer’s property without court intervention. This power doesn’t extend to all property. For example, the IRS has to go through the courts …







IRS Cannot Use Court to Collect from Third Party Located in Another State






The IRS has a number of collection tools at its disposal. This includes the ability to take the taxpayer’s property without court intervention. This power doesn’t extend to all property. For example, the IRS has to go through the courts …..

The post IRS Cannot Use Court to Collect from Third Party Located in Another State appeared first on Houston Tax Attorney.







Valuation of Management Fees Paid by Related Parties






Related party transactions can raise difficult tax questions. This is especially true for management fees paid by one legal entity to another legal entity that has the same or similar owners or that are controlled by the same owners. As …..
The post …







Valuation of Management Fees Paid by Related Parties






Related party transactions can raise difficult tax questions. This is especially true for management fees paid by one legal entity to another legal entity that has the same or similar owners or that are controlled by the same owners. As …







IRS Rejects Court’s Passive Activity Loss 5% Owner and Grouping Decision






The passive activity loss (“PAL”) rules can limit the ability to deduct losses from passive activities, such as rental losses.  The real estate professional and activity grouping rules can allow taxpayers to avoid having their losses limited by the PAL …







IRS Rejects Court’s Passive Activity Loss 5% Owner and Grouping Decision






The passive activity loss (“PAL”) rules can limit the ability to deduct losses from passive activities, such as rental losses.  The real estate professional and activity grouping rules can allow taxpayers to avoid having their losses limited by the PAL …..

The post IRS Rejects Court’s Passive Activity Loss 5% Owner and Grouping Decision appeared first on Houston Tax Attorney.







Stock vs. Asset Sales and Purchase Price Allocations






Buying or selling a business can present a number of challenges. One of the most basic–and often most challenging–is the decision to enter into an asset or a stock sale. There are a number of factors to consider in making …