Uncategorized Article Archives
When a Small Cooperative Prevails in Litigation With the IRS, It May Be Entitled To Recover Some of Its Costs
Under certain limited circumstances, a taxpayer that substantially prevails in a tax dispute with the IRS may be able to recover a portion of its administrative and legal expenses (including attorney’s fees). See, Section 7430 of the Internal Revenue Code. Taxpayers eligible for recovery include individuals whose net worth at the time the civil action was filed did not exceed $2 million. Relief is also available for unincorporated ...
Read More
Loper Bright – Supreme Court Decision – Implications on Tax Regulations
In the Spring 2024 column of TAXFAX, David Antoni, Christopher Hanna and Eric Krienert of Moss Adams authored Loper Bright Goes Up to Supreme Court and Implications for Federal Agency Regulations. The article provided an overview of Loper Bright Enterprises v. Raimondo, Case No. 22-451, certiorari granted (May 1, 2023), for which the Supreme Court heard oral arguments on January 17, 2024. The case set-up a challenge to overturn the Supreme ...
Read More
NSAC Honors David Antoni with the 2025 Silver Bowl Award
[Miamisburg Ohio, February 10, 2025] The National Society of Accountants for Cooperatives (NSAC) is proud to announce David Antoni, National Tax Managing Director at Moss Adams LLP, as the 2025 Silver Bowl Award recipient. This prestigious honor—the highest recognition in the cooperative accounting industry presented by NSAC—celebrates individuals whose exceptional contributions have strengthened and advanced the cooperative ...
Read More
NSAC Support of Section 199 A Permanence
NSAC joins the Main Street Employers Coalition and more than 230 trade associations supporting legislation to make the Section 199A deduction permanent. The Main Street Tax Certainty Act is set to be reintroduced by Senator Steve Daines (R-MT) and Representative Lloyd Smucker (R-PA). The deduction was enacted in 2017 to encourage job creation and new investment by private businesses. It also helps private companies compete with public ...
Read More
NSAC Announces A Day of Technical Exchanges
A Day of Technical Exchanges features high-value roundtables designed exclusively for tax, finance, and accounting professionals in the cooperative arena. You won't want to miss this chance to stay ahead of growing challenges and roll up your sleeves in collaboration on those emerging issues that keep you up at night. With this unique opportunity for networking and engagement with leading industry experts in a small group setting, attendees ...
Read More