(239) 354-4300

Maximizing Partnership Loss Deductions

The Korn Law Firm, P.L. / Tel (239) 354-4300 If you are expecting a loss for the tax year from your interest in a partnership, but do not currently have enough basis in your partnership interest to allow a full deduction, several solutions exist. In general, a partner...

Continuing Levies and Successive Seizures

Under the Internal Revenue Code and specifically under Treasury Regulations Section 301.6331-1, the Internal Revenue Service has broad authority to make continuing levies and successive seizures on recurring and periodic forms of compensation. A levy on salary or...