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Bad Debt Deduction Denied

(JofA) - An LLC’s cash advances to a corporation in which the LLC’s owners held shares represented equity, not bona fide debt, the Tax Court held.



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How to Realize Tax Rewards with Sec. 1244 Stock 
(CPA Practice Adviser) - Are you planning to launch a new business venture or invest funds in someone else’s fledgling business operation? The rewards can be high, but so are the risks.


Committee Urges Congress And IRS To Improve Taxpayer Experience And Upgrade Technology 
(Forbes) - The 2023 ETAAC annual report to Congress proposes actionable recommendations that align with the IRS strategic plan.


Speed Up Your Google Searches with This Hidden Trick 
(PC World) - How to use your browser's context menu to quickly search any snippet of text.


Celebrate World Chocolate Day 2023 with Tasty Treats 
(USA Today) - If you were looking for an excuse to sink your teeth into a delicious piece of chocolate, then have we got some tasty news for you! Today, Friday, July 7, is World Chocolate Day!


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