1809, 2017

Kathy Petronchak Addresses the House Ways and Means Oversight Subcommittee on Potential IRS Reforms

By |September 18th, 2017|Uncategorized|0 Comments

Kathy Petronchak, alliantgroup’s Director of IRS Practice and Procedure and the former IRS Commissioner of the Small Business/Self-Employed Division (SB/SE), testified before the House Ways and Means Oversight Subcommittee on an issue that I know many of you are passionate about – reform of the IRS and its compliance burdens placed on small businesses.

During the hearing, Kathy eloquently laid out the frustrations that many of you have voiced over the years when dealing with the Service. Specifically, Kathy highlighted these six issues:

1) The decreased use of alternative dispute resolution processes

2) Emerging issues in an independent Appeals process

3) The lack of transparency […]

1303, 2017

COURT RULING MAY ARM IRS FOR MICRO-CAPTIVE INSURER CRACKDOWN

By |March 13th, 2017|Uncategorized|0 Comments

March 13, 2017
By Allyson Versprille
Bloomberg BNA

An Arizona jeweler set up a “micro-captive” arrangement to insure itself against terrorist attacks. The IRS calls it a tax-avoidance maneuver.

If a U.S. Tax Court judge agrees, and delivers a far-reaching opinion, he could strengthen the agency’s hand against such small captive insurers.

“For the IRS the question is, will the decision be broad enough that they’ll be able to use it as leverage industry-wide against promoters of so-called ‘tax shelter captives,’” said Jay Adkisson, a founding partner of Riser Adkisson LLP who practices in the captive insurance area.

Micro-captives qualify under tax code Section 831(b), which allows small captive insurers to deduct up to $2.2 million in premium income from taxes. In recent years, the Internal Revenue Service has ramped up its scrutiny and audits of these structures in the belief that small businesses are using them to insure against improbable risks that they never […]

2107, 2016

alliantgroup’s Steven Miller Featured on the Cover of CPA Magazine

By |July 21st, 2016|Uncategorized|0 Comments

alliantgroup is proud to announce that our very own Steven Miller, former IRS Acting Commissioner and alliantgroup’s National Director of Tax, has been featured on the cover of the latest edition of CPA Magazine for his and Dean Zerbe’s cover story “The R&D Tax Credit: Permanent, Expanded and Open to Startups and Small Business.”

In this article, Miller and Dean Zerbe, the former Senior Counsel to the U.S. Senate Finance Committee and alliantgroup’s National Managing Director, review the enhancements made to the R&D Tax Credit as a result of the passage of the Protecting Americans from Tax Hikes (PATH) Act signed into law last December. Now permanent and expanded for the benefit of tens of thousands of previously ineligible companies (with two specific modifications designed to increase the access of the credit to small businesses and startups) […]

1505, 2015

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By |May 15th, 2015|Uncategorized|0 Comments

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