DPS Legal Counsel
Helping health professionals and entrepreneurs navigate the business of healthcare and the business of business
DPS Legal Counsel protects the business, regulatory, contract, transactional, intellectual property, compliance, and tax interests of health practices and small businesses from initial formation through founder retirement and practice/business succession
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Recent Blog Posts
Should This Post Go in the “Truth is Stranger than Fiction” Category?
OK, I know that tax law is not always logical. Wait, that's wrong, that should read, "I know that tax law is often incomprehensible." Still, I ran across an article today published in the online edition of Forbes magazine that is strange even by tax law standards....
Filing a False Tax Return is a Deportable Offense
Yesterday, the U.S. Supreme Court, in a 6-3 decision, held that the crimes of willfully making and subscribing a false tax return and of aiding and assisting in the preparation of a false tax return are aggravated felonies under the Immigration and Nationality Act...
Are The Rich Paying Their Fair Share?
It seems as if we have been in embroiled in a political campaign forever. Now that we have actually arrived at the year of the next presidential election, many of us are just worn out by all the back and forth from the two major parties. In particular, many Americans...
Big Tax Case in the Supreme Court Today
It's not that often that a real tax case makes it way all the way to the U.S. Supreme Court. The reasons for the relative scarcity of Supreme Court jurisprudence in the world of federal taxation are subject to debate. In my view, a lot of it has to do with the extreme...
Martin Luther King Day
Today we stop to remember Dr. Martin Luther King. Tomorrow, we will return with a new posting on tax law.
Found Money
There was an interesting article in today's local newspaper about how much pocket change passengers going through screening at the Nashville International Airport leave behind in their mad dash to catch a flight. If you're like me, you're not going to believe how much...
New IRS Audit Statistics
The IRS has just recently published statistics on the number of audits it performs and which taxpayers are more or less likely to be audited. In broad terms, a taxpayer making over $200,000 a year has about a 1 in 25 chance to be audited. If the taxpayer's income is...
New Rules for Innocent Spouse Relief
I have posted on the topic of Innocent Spouse Relief before. In particular, the 2-year deadline for filing for equitable relief under Section 6015 has been problematic for many people and has been challenged in court. The IRS has now published new rules in Notice...
Obamacare Briefs Due Today
Today is going to be an interesting date at the U.S. Supreme Court. If you're a political junkie, you'll also likely hear a paragraph or two this evening on your drive home or when you flip on the TV about today's happening at the Supreme Court. There are essentially...
Good News for Tax Procrastinators
If you are one of those tax procrastinators who wait until the very last minute to file your income tax return, then 2012 is going to be a good year for you. Although in most years, April 15 is the traditional "tax day" in the United States for filing individual...