Tax Court Forges New Defense Against Collection of Trust Fund Recovery Penalty

The Tax Court’s January calendar was crowded with cases exploring procedural requirements to assess penalties under the Internal Revenue Code (the “Code”). The uniform thread connecting these cases is the Code’s requirement that penalties typ… Read More
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Rhode Island Supreme Court Shields Owners of Inherited IRAs

In an opinion issued December 11, 2019, the Rhode Island Supreme Court held that inherited individual retirement accounts (“Inherited IRAs”) are not subject to the reach of creditors UNDER Rhode Island law. Captioned In re: Lynette Kapsinow (No.… Read More
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SALT Battle Continues - New Massachusetts Department of Revenue Guidance

State legislatures continue to seek creative solutions to the federal income tax deduction limit on state and local taxes known as the ‘SALT cap.’ Significant attention has been focused on the viability of individual state workarounds but… Read More
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Score's 23rd Annual Federal and State Tax Update

Friday, December 6, 2019 8:00 a.m. to 5:00 p.m. Providence Marriot Downtown 1 Orms Street Providence, RI 02904 FREE Parking Conference Fee $155.00 – Receive Materials Electronically $180.00 – Receive Materials Printed and Bound Note: Prin… Read More
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Tax Seminar for September-December 2019

Tuesday, September 24, 2019 from 8:30 am to 12:00 pm Location: John Carver Inn, Plymouth MA Host: Massachusetts Association of Accountants Speaker: Cory J. Bilodeau, Esq., LL.M. Topics: At Risk Basis and Passive Activity At Risk Basis and Passive Act… Read More
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Rhode Island Budgets for Salt Workaround

The fiscal year 2020 state budget bill enacted by the Rhode Island General Assembly and signed into law by Governor Gina Raimondo contains seemingly exciting news for many business owners with Rhode Island source income. Rhode Island business owners… Read More
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Tax Seminars for June-August 2019

Thursday, June 5, 2019 from 8:00 am to 5:00 pm Location: Hyatt House, Waltham MA Host: Boston Tax Institute Speaker: Cory J. Bilodeau, Esq., LL.M. Topic: Federal Income Tax of Real Estate Federal Income Tax of Real Estate: Topics include a discussion… Read More
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Professional Excellence in the Law Awards

Celebrating 15 years as the region’s “go to” tax law firm, McLaughlinQuinn LLC congratulates partners Tom Quinn, Cory Bilodeau and Jeff Cianciolo on their Professional Excellence in the Law awards. Tom specializes in tax resolution and… Read More
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Treasury Issues New Guidance on Opportunity Zones

The Treasury Department issued a second set of Proposed Regulations on April 17, 2019, addressing open issues and providing further guidance on the Opportunity Zone program. This second round of regulations responds to stakeholder comments and concer… Read More
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The New Audit Regime is Here

Significant changes to the partnership audit rules are now in effect. As tax practitioners continue to familiarize themselves with changes made by the Tax Cuts and Jobs Act, the 2018 filing season marks the first time practitioners will need to make… Read More
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