IRS Increases Enforcement of Syndicated Conservation Easements

Press Release

IRS Increases Enforcement Action on Syndicated Conservation Easements

NEWPORT BEACH November 18, 2019 -- While speaking at the American Institute of CPAs (AICPA) 2019 National Tax Conference in Washington, D.C., IRS Commissioner, Rettig, and IRS Chief Counsel, Desmond, both separately underscored the IRS’s increased enforcement efforts toward abuses of certain tax-advantaged land transactions under Code Sec. 170(h)..

Rettig stated that the IRS appreciates the value of conservation easements, but it does not appreciate the activities that have gone on with respect to the syndicated conservation easements -- there are some artificial appraisals there… some fatal flaws.

Rettig, reiterating the IRS’s tough stance on the matter, as noted in IRS press release dated November 12, said that the IRS is not going to "stand down." The information issued in the November 12 news release was "fair warning," Rettig said. Likewise, IRS Chief Counsel, …

IRS updates guidance for deductible business, charitable, medical and moving expenses

IR-2019-183, November 14, 2019

WASHINGTON — The Internal Revenue Service today issued guidance for taxpayers with certain deductible expenses to reflect changes resulting from the Tax Cuts and Jobs Act (TCJA).

Revenue Procedure 2019-46 (PDF), posted today on, updates the rules for using the optional standard mileage rates in computing the deductible costs of operating an automobile for business, charitable, medical or moving expense purposes.

The guidance also provides rules to substantiate the amount of an employee's ordinary and necessary travel expenses reimbursed by an employer using the optional standard mileage rates. Taxpayers are not required to use a method described in this revenue procedure and may instead substantiate actual allowable expenses provided they maintain adequate records.

The TCJA suspended the miscellaneous itemized deduction for most employees with unreimbursed business expenses, including the costs of operating an automobile for business purposes. Ho…

Steps to take now for 2020 filing Season

With 2019 almost over there are steps to take now for the 2020 filing season.

Earned Income Tax Credit
The Earned Income Tax Credit (EITC) is a refundable federal income tax credit for working people with low to moderate incomes who meet certain eligibility requirements. Because it's a refundable credit, those who qualify and claim EITC pay less federal tax, pay no tax or may even get a tax refund. EITC can mean a credit of up to $6,557 for working families with three or more qualifying children. Workers without a qualifying child may be eligible for a credit up to $529.

In addition to other requirements, to get the credit, people must have earned income and file a federal tax return — even if they don't owe any tax or aren't otherwise required to file.

Taxpayers should seek the advice of a tax professional to determine if they are eligible for EITC, determine if their child or children meet the tests for a qualifying child and estimate the amount of their credit.

Child Tax Cre…

Tax Attorney Joseph P. Wilson Selected to the 2020 Southern California Super Lawyers List

Press Release
NEWPORT BEACH & YORBA LINDA, Calif. – September 27, 2019

Joseph P. Wilson, Managing Shareholder at Wilson Tax Law, has been selected to the 2020 Southern California Super Lawyers list. No more than five percent of the lawyers in the state are selected by Super Lawyers.

Super Lawyers, part of Thomson Reuters, is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. The annual selections are made using a patented multiphase process that includes a statewide survey of lawyers, an independent research evaluation of candidates and peer reviews by practice area. The result is a credible, comprehensive and diverse listing of exceptional attorneys.

The Super Lawyers lists are published nationwide in Super Lawyers Magazines and in leading city and regional magazines and newspapers across the country. Super Lawyers Magazines also feature editorial profiles of attorneys who embody e…

Former Federal Tax Prosecutor Richard G. Stack Joins Wilson Tax Law Group

Tax Litigation, Civil and Criminal Tax Defense
Richard G. Stack is the newest member of Wilson Tax Law Group.
Richard G. Stack is senior trial counsel with Wilson Tax Law Group.  He represents clients in civil and criminal tax cases, including civil audits and appeals, tax collection matters, criminal investigations, administrative hearings and in civil and criminal trials and appeals in federal and state courts.
Prior to joining private practice, Mr. Stack served for approximately 23 years at the government as an Assistant U.S. Attorney for the Tax Division of the US Attorney's Office in Los Angeles, and before that, as an trial attorney for the IRS, Office of Chief Counsel, where he represented the United States in a broad array of matters, such as captive insurance companies, tax shelters, tax evasion, unreported income, partnership tax, trust fund recovery penalty, collection matters, and various penalties such as the civil fraud penalty.
He is the recipient of the Special Achieve…


Wilson Tax Law Receives Golden Globe Awards 2019 - Federal Tax Law Firm of the Year - USA

Wilson Tax Law is pleased to announce our firm has been selected as Federal Tax Law Firm of the Year - USA by the Worldwide Financial Advisor Awards Magazine Golden Globe Awards 2019.

The Worldwide Financial Advisor Awards Magazine Golden Globe Awards recognize a select number of leading professional firms, across the globe, for their individual areas of specialization, within their geographical location.