Cancellation of Indebtedness Income

April 10, 2013 Section 61 of the Internal Revenue Code tells us that gross income includes income from many sources including income from the discharge of indebtedness. The preparation of an income tax return becomes materially more complicated when the taxpayer receives Form 1099 from a creditor reporting an amount of a debt that has […]

Newsletter – September 2011

January 31, 2012 Specialization, Technology and Good Help Eight years ago I limited my practice to tax controversy matters.  Most of the work involves unfiled returns, collection problems, audits and Tax Court litigation.  Restricting the scope of the practice has dramatically increased efficiency and productivity. I work the same problems over and over, and the […]