Tax Blog — The Law Offices of O'Connor & Lyon

The Law Offices of O'Connor & Lyon is
a full service law firm specializing in
domestic and international tax matters.

Phone: (203) 290-1672

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Jan 21
Jan 21 Recent Connecticut District Court Opinion Highlights Ongoing Controversy Regarding Application of Non-Willful FBAR Penalties:

Jan 12
Jan 12 Understanding CT’s Passthrough Entity Tax - The First SALT Limitation Workaround Sanctioned by the IRS:

Tax Preparation, State Tax, Advanced

Jan 11
Jan 11 Business Expenses Paid via Forgiven PPP Loans Now Fully Deductible -- Second Round of PPP Loans Now Available:

Basic, Tax Preparation

Jan 5
Jan 5 Cryptocurrency and FBAR Reporting - FinCEN 2020-2 Notice of Proposed FBAR Changes

International, Tax Preparation

Dec 7
Dec 7 Haven’t Filed a Tax Return in Years? Here's the Correct Way to Get Back Into Compliance:

Basic, Resolution, Tax Preparation

Dec 3
Dec 3 Contesting an IRS Bank Levy

Resolution, Basic

Dec 2
Dec 2 Form 1040 Line 4 and Line 5: IRA Distributions, Pensions, and Annuities

A Practical Guide (APG), Basic, Tax Preparation

Nov 10
Nov 10 Form 1040 Line 3: Dividends (A Practical Guide Article 6)

A Practical Guide (APG), Basic, Tax Preparation

Nov 9
Nov 9 Form 1040 Line 2: Interest (A Practical Guide Article 5)

A Practical Guide (APG), Basic, Tax Preparation

Nov 6
Nov 6 IRS Penalty Relief - Reasonable Cause Penalty Abatement Explained:

Basic, Resolution, International

Nov 5
Nov 5 Form 1040 Line 1: Wages, Salaries, Tips, Etc (A Practical Guide Article 4)

A Practical Guide (APG), Basic, Tax Preparation

Nov 4
Nov 4 How to Apply a Tax Treaty?

Basic, International, Tax Preparation

Nov 3
Nov 3 IRS Announces “Taxpayer Relief Initiative,” Focused on Providing Collection Relief in Response to the Coronavirus Pandemic:

Basic, Resolution

Oct 23
Oct 23 Estimated Taxes Explained

Basic, Resolution, Tax Preparation

Oct 20
Oct 20 What Is and What Is Not Income? (A Practical Guide Article 3)

Basic, Tax Preparation, A Practical Guide (APG)

Oct 19
Oct 19 IRC §6741(b)(1) - Failure to Obtain Supervisory-Approval Prior to Penalty Assessment Proves Costly, Ongoing Issue for IRS:

Resolution, Advanced

Oct 16
Oct 16 Coronavirus-related Retirement Distributions - An Overview:

Basic, Tax Preparation

Oct 15
Oct 15 FINCEN Announces Then Retracts FBAR Extension to 12/31/2020

Tax Preparation, International, Basic

Oct 15
Oct 15 Cryptocurrency Crackdown: John McAfee, Expanding IRS Enforcement Initiatives, and the Perils of Unreported Cryptocurrency Transactions

Basic, International, Resolution