All Insights – Page 61 of 129 – Williams Parker Attorneys at Law

Williams Parker Convinces IRS to Waive $224,640 Penalty Asserted Against Client

December 5, 2017 Penalties

An LLC taxed as a partnership with 128 partners failed to file its partnership tax return electronically, resulting in the IRS asserting a penalty of $224,640 under IRC section 6698(a)(1). Partnerships with more than 100 partners are required to file their tax returns electronically under IRC section 6011(e). Williams Parker…

Office Holiday Parties: Avoiding Adding Names from Your Company to the Naughty List

December 5, 2017 Jennifer Fowler Employment Law

Harvey Weinstein, Kevin Spacey, Michael Oreskes, Brett Ratner, Louis C.K., Charlie Rose, and Matt Lauer are a few well-known names that have already appeared on the naughty list for 2017. Although the Mad Men days of the sexy secretary sitting on Santa’s lap (the boss’s lap) with his arms wrapped…

Tax Reform Swings a Hand Ax at Carried Interests; What Does it Mean and How Can I Plan Around It?

November 17, 2017 E. John Wagner, II Compensatory Property Transfers

While tax reform has a long march before becoming law, the amended House of Representatives bill passed yesterday swings an ax at lower-tax-rate-capital-gain-eligible “carried” partnership interests, though it swings a smaller ax—like a hand ax rather than a full-sized ax—than proposals in years past. This latest proposal focuses on limited…