tax law: Speedy Trial Rights and the Coronavirus - 03/27/20 01:10 PM
The U.S. Supreme Court announced that it is postponing upcoming oral arguments.  The last time that it did that was more than a hundred years ago in 1918 as a response to the Spanish flu.[1]  Case in point that our judicial system is undergoing strains that, while not entirely unprecedented, are rarely seen.  And that strain will test constitutional values in the months to come.
The Sixth Amendment to the U.S. Constitution guarantees American defendants the right to a speedy trial.  This right has a noble lineage.  It was memorialized in the Magna Carta, and our founding fathers recognized it as a fundamental stalwart … (0 comments)

tax law: “Hot Assets” and the Sale or Exchange of Partnership Interests - 02/19/20 04:55 PM
When a partner enters into a sale or exchange of their partnership interest, there are often lurking tax surprises—such as unexpected phantom income triggers.  Sales of partnership interests are notoriously fraught with potential tax traps for the unwary.  It is, in fact, even possible to trigger more tax on a sale than one receives in exchange for the interest in the partnership.
 
​One of the more common lurking issues involves triggering income from so-called “hot assets,” often in the form of “unrealized receivables” held by the partnership.  The scope of “unrealized receivables” is deceptively wide, and can include partnership attributes such as … (0 comments)

 
Jason B. Freeman, J.D., CPA, IRS Tax Defense, Attorney-CPA (Freeman Law, PLLC) Rainmaker large

Jason B. Freeman, J.D., CPA

IRS Tax Defense, Attorney-CPA

Frisco, TX

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Freeman Law, PLLC

Address: 2595 Dallas Parkway, Suite 420, Frisco, Texas, 75034

Office: (214) 984-3410

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