TUFTS ON TAX

https://www.privatecorporatecounsel.com stufts@pcc.law CALL 1-800-647-7887 In this episode of "Tufts on Tax" with Tax Certified Attorney T. Scott Tufts, we dive into Tax Form 8979 and the critical role of the partnership representative. Stay tuned for expert insights into navigating the complexities of partnership taxation. #TuftsOnTax #TaxForm8979 #PartnershipRepresentative #TaxLaw #PCC PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

https://www.privatecorporatecounsel.com stufts@pcc.law CALL 1-800-647-7887 Get ready for the latest insights on the Corporate Transparency Act (CTA) and its impact on Beneficial Owner Information (BOI). Join us in the upcoming Tufts On Tax episode as we break down the key details and implications of this significant development in tax and corporate law. Don't miss this important update! #CTA #BOI #TaxLaw #PCC PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

https://www.privatecorporatecounsel.com stufts@pcc.law CALL 1-800-647-7887 Explore IRS’s most recently announced posting in 2023 of two listed transactions to be reported or disclosed on IRS Form 8886. In this episode, Mr. Tufts delves into the newest ones identified by the IRS in proposed regulations issued for public comment: Monetized Installment Obligations and certain Micro-Captive Insurance Arrangements. PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

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Discover the latest episode of "Tufts on Tax" featuring Tax Certified Attorney T. Scott Tufts. Tune in as he discusses the US Department of Labor's lawsuit against a national customer support service provider in Florida, shedding light on the controversial practice of requiring workers to create their own corporations or join existing entities. Uncover the implications of this approach on worker classification and learn more about the intricate legal landscape surrounding independent contractors. PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

https://www.privatecorporatecounsel.com stufts@pcc.law CALL 1-800-647-7887 In this episode, T. Scott Tufts delves into the significance of AAR (Administrative Adjustment Request) in Form 8082 for BBA (Bipartisan Budget Act) Partnership companies. The Administrative Adjustment Request discusses how partnership entities treated as a BBA Partnership have to obtain permission to amend their return using Form 8082 or Form 1065-X. Gain valuable insights on this important tax topic from Mr. T. Scott Tufts, a Florida Bar Board Certified Tax Attorney with over 30 years of representing client taxpayers before the IRS and in complex business matters before the various courts. PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

https://www.privatecorporatecounsel.com stufts@pcc.law CALL 1-800-647-7887 In this episode of "Tufts on Tax," Attorney T. Scott Tufts will be shedding light on recent announcements by the IRS on the taxation of NFTs (non-fungible tokens), as part of the overall handling of digital assets. Join us as we explore some of the best practices for the handling of these unique assets and a discussion of the implications of treatment as collectibles under Federal tax laws. This is another series of episodes where there is an opportunity to hear from Tax Attorney T. Scott Tufts. PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

https://www.privatecorporatecounsel.com stufts@pcc.law CALL 1-800-647-7887 Stay informed on the latest developments of Form 211 by tuning in to the Tufts On Tax Podcast—a must-listen for valuable insights. Expand your knowledge and navigate this important aspect of tax regulations with expert guidance. PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

https://www.privatecorporatecounsel.com stufts@pcc.law CALL 1-800-647-7887 Join us for an enlightening session led by the esteemed Board-Certified Tax Lawyer, Attorney T. Scott Tufts. Delve into the intricacies of the roles performed by Tax Lawyers and Accountants, and uncover the crucial distinctions that can shape your financial strategies. In this engaging discussion, "Accountant vs. Tax Lawyer," Attorney Tufts will shed light on the essential aspects of these professions. Gain a deeper understanding of the specific responsibilities and limitations of Accountants when it comes to tax matters, empowering you to make informed decisions for your financial well-being. Through real-life scenarios and expert insights, this session will equip you with the knowledge to discern when to seek the assistance of an Accountant versus a Tax Lawyer. Discover the invaluable legal expertise that Tax Lawyers bring to the table, complementing the financial management skills of Accountants. Whether you're an Accountant seeking to enhance your understanding of the boundaries within your profession or an individual in need of tax advice, this event promises to be a valuable resource. Benefit from Attorney Tufts' wealth of experience as he navigates the intricate landscape of tax law, ensuring compliance, optimizing tax benefits, and safeguarding your financial interests. Don't miss this opportunity to gain clarity on the division of roles and maximize the potential of your financial strategies. Join us for an insightful discussion that will empower you to make well-informed decisions in the ever-changing tax landscape. PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

https://www.privatecorporatecounsel.com stufts@pcc.law CALL 1-800-647-7887 In this episode of the Tufts on Tax podcast, Attorney T. Scott Tufts, a Florida Bar Board Certified Tax Lawyer, discusses Section 530, an often overlooked law that acts to protect businesses who act in good faith when looking at how to treat workers as non-employees (e.g., independent contractor or lessee). In an engaging and informative episode, Mr. Tufts discusses this Section 530 relief and a recent Tax Court case, Cardiovascular Ctr., LLC V. Comm’r, while also discussing the implications of certain relationships that might create issues when it comes to possible treatment as employees, including those involving volunteers. PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

https://www.privatecorporatecounsel.com stufts@pcc.law CALL 1-800-647-7887 Join Attorney T. Scott Tufts, Board Certified Tax Lawyer, as he discusses the Form 211 IRS Whistleblowers' latest development. Gain valuable insights and stay informed. PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

https://www.privatecorporatecounsel.com stufts@pcc.law CALL 1-800-647-7887 Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss how a recent state court case (Joseph C v NJ DOR) discusses “phantom income” on the final K-1 form issued to a member of an LLC, restoring a negative capital account with no DRO, and how even if it was taxable at the Federal level, it might not be taxable under the laws of the particular state (in this case, New Jersey). PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

https://www.privatecorporatecounsel.com stufts@pcc.law CALL 1-800-647-7887 Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss Form 3520 To Report Foreign Trust. PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

https://www.privatecorporatecounsel.com stufts@pcc.law CALL 1-800-647-7887 Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss Form 4852(Substitute for W-2) and W-2.
PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE PCC, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

https://www.privatecorporatecounsel.com stufts@pcc.law CALL 1-800-647-7887 Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss how business owners when serving as officers may be statutory employees for Federal tax purposes. PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

https://www.privatecorporatecounsel.com stufts@pcc.law CALL 1-800-647-7887 Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss what to do if you don’t receive IRS Schedule K1 but should have and options to file IRS Form 8082. PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

https://www.privatecorporatecounsel.com stufts@pcc.law CALL 1-800-647-7887 Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss Crypto Currency and Digital Assets. PCC AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss Form 1099C.

CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss form 7203.

CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEK ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss Forms W9 and 1099. 

CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

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CALL 1-800-647-7887 Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss BBA Partnership and what are the Final Rules.

CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss S Corporations and S Elections.

CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss Tax Stings in the News mentioning how the government goes about investigating matters involving efforts by tax professionals to assist their clients to evade taxes.

CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss Digital Assets:

What Are They and When are They Taxed? Staking Rewards:  What are They? Does the IRS tax them?  However, a more aggressive approach is to claim that staking rewards are non-taxable in cases where rewards cannot be withdrawn.  For example, some platforms gave users the ability to stake their Ethereum, but restricted withdrawals until the full migration to Ethereum 2.0. In cases like these, some investors make a claim they do not have ‘dominion and control over their coins.

CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will discuss the following:

Operating Agreements—

Why All of these Tax Provisions? 

1. What is an operating agreement?

2. What are the customary provisions in any agreement?

a. Face Page—Securities Laws? Other Disclaimers? Enforce Confidentiality? Professional Looking?

b. Introduction—Naming the Parties to the Agreement

c. Preamble (why might this be important?)

CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will be discussing Shell Companies: 

1.  What are they?

2.  What does this have to do with taxes?

3.  What is the concern?

4.  How to spot them?  

Focus:  Dallas Tax Attorney Indicted

CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will be discussing the following related to Form 8082:  

1.     Old article (When Partnership Tax Vessels Make III-Advised Journeys and Wind-Up at Harbor Cove) 

2.     Statute of Limitations in Tax Cases

3.     Not 3 years—Why?

CPLS, P. A. AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will be discussing Tax Form 4506. Don't let anyone tell you "GO POUND SAND!" 

CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will be discussing Form 8082 and using facts of the Gluck case as an example. 

CPLS, P. A., AND TUFTS ON TAX ARE NOT LIABLE FOR THE USE OF THIS INFORMATION BY ANY LISTENER WHO DOES NOT FIRST CONTACT AND SEEKS ADVICE FROM AN APPROPRIATE LEGAL PROFESSIONAL IN THEIR STATE, COUNTY, OR CITY. NOR IS THE FIRM, WEBSITE, PODCAST, OR ANY AFFILIATES LIABLE FOR ANY DAMAGES, INCIDENTAL, CONSEQUENTIAL, DIRECT, OR INDIRECT, THAT MAY ARISE FROM THE IMPROPER USE OF THE INFORMATION, OPINIONS, AND RECOMMENDATIONS PRESENTED WITHIN THIS PODCAST.

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will be discussing Hurricane Ian’s impact on our Taxes.

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will be going over the instructions of Form 1065. Why do we Really Need to Worry About the Instructions for a Tax Form?

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will be discussing the following:

Special IRS Team Working to Identify New “Abusive Transactions” https://www.taxcontroversy360.com/2022/09/special-irs-team-working-to-identify-emerging-abusive-transactions/

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Tax Attorney T. Scott Tufts, (Board Certified Specialist), discusses briefly his webinar on Friday, August 26 "Tax Forms that Can Get You Sued"

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will be discussing the following:

The Inflation Reduction Act of 2022- Why Should You Care?

1. What’s new and immediate?   30% tax credit for installing energy-efficient windows, heat pumps, or more recent models of appliances Solar panels – separate tax credit (rebates available) Expanded tax credits for electric vehicles ($7,500 new; $4,000 used) Installed electric vehicle charging station at home (tax credit) (Possible Gotcha?—battery components must come from the US)

2. Other non-tax provisions (sort of)   Health care provisions—Limit insulin payments to $35/month in 2023 Cap all out-of-pocket drug costs - $4,000 annually in 2024 and lower cap further to $2,000 in 2025   Lower premiums subsidies will continue on health insurance from Affordable Care Act of 2010.

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) will be discussing the following:

Fraudulent Form 1099MISC | 1099 NEC 

1.  What is a fraudulent 1099?

2.  Federal law IRC Section 7434- what is it? 3.  Fraudulent as to form itself? Independent contractor vs employee 

4.  Fraudulent as to amount? 5.  Vindictive uses of form

6.  Using the form as means of harassment 

7.  Suing under Federal law.  How does it work?  We can help  Pull IRC Section 7434 Pull Form 1099-NEC (2022) Pull Form 1099-MISC (2022)

call 877-647-7887 OR email: stufts@cplspa.com

Tax Attorney T. Scott Tufts, (Board Certified Specialist), will interview Attorney Tee Persad about his new program Private Corporate Counsel, and its involvement with taxes, tax laws, and tax forms and their effect on PCC.

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) discusses Retrieving Lost Tax Returns Copies

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) discusses All-New IRS Form 7203 and discusses how it is brewing up S Corp Shareholders Stock and debt basis. 

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) discusses filing your taxes while working remotely abroad. 

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) discusses the questions the IRS ask you when filing your Tax returns and why not overlook them.

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) discusses the following:

• What is AAR in Form 8082?

• What is BBA Partnership?

•Why do we care?

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Attorney T. Scott Tufts (Board Certified Tax Lawyer with Florida Bar) discusses critical importance of IRS Form 8082, used to contest non-issuance of, or erroneous Schedule K-1 for LLC members, partners and S corporation shareholders and beneficiaries.

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Tax Attorney T. Scott Tufts (Board Certified Specialist) will be discussing:

• When does tax becomes criminal 
• "YES", "NO" Boxes on tax returns.
• Lots of questions on tax returns

https://www.cplspa.com stufts@plspa.com 1-800-647-7887

Tax Attorney T. Scott Tufts (Board Certified Specialist) will be discussing Form W4 and the best practices to implement it.

https://www.cplspa.com stufts@plspa.com 1-800-647-7887 Tax Attorney T. Scott Tufts (Board Certified Specialist) will be discussing Form 211 and the best practices to implement it.

https://www.cplspa.com stufts@plspa.com 1-800-647-7887 Tax Attorney T. Scott Tufts (Board Certified Specialist) will be discussing Form W9 and the best practices to implement it.

Whistleblowing/Reporting of Tax Fraud

https//www.cplspa.com stufts@plspa.com 1-800-647-7887

Tax Attorney T. Scott Tufts, (Board Certified Specialist), will be discussing Whistleblowing/Reporting of Tax Fraud.

Tufts On Tax–Episode 16–CRYPTOCURRENCY Part two

https//www.cplspa.com, stufts@plspa.com

Call 1-800-647-7887

Tax Attorney T. Scott Tufts, (Board Certified Specialist), will be discussing CRYPTOCURRENCY and its effect on taxes.

Tufts On Tax–Episode 15–CRYPTOCURRENCY

https//www.cplspa.com stufts@plspa.com 1-800-647-7887

Tax Attorney T. Scott Tufts, (Board Certified Specialist), will be discussing CRYPTOCURRENCY and its effect on taxes.

https//www.cplspa.com stufts@plspa.com

1-800-647-7887

Tax Attorney T. Scott Tufts, (Board Certified Specialist), will be answering important questions regarding Form SS-8.