Attorney Brandon Frenza handles a wide range of tax matters for individuals and businesses. He focuses primarily on business formation, drafting partnership and trust agreements, tax opinions, and assisting other counsel in the firm with IRS examinations, appeals, and controversies in Tax Court.
On September 1, 2023 the Texas Supreme Court issued its opinion in Duncan House Charitable Corporation v. Harris County Appraisal District (HCAD), reversing the 14th Court of Appeals and ruling against the Harris County Appraisal District on a property tax exemption dispute. The primary issue was whether the property owner (the charity) was required to […]
Read MoreEach year the IRS publishes a Dirty Dozen list of tax scams that it plans to target in upcomingaudits. This year the IRS spotlighted Employee Retention Credits (ERCs). The public has literallybeen bombarded with radio and internet ads in the last 12 months by promoters attempting to conineligible businesses into claiming the credit. These promotions […]
Read MoreThe IRS has announced that the interest rate it charges for underpayments of tax (including estimated tax payments) has increased from 6% to 7% beginning January 1, 2023. This is the fourth quarter in a row that IRS has raised its interest rate by a full percentage point. (Rev. Rul. 2022-23). One year ago on […]
Read MoreThe Tax Court recently held that a couple of millionaires could deduct the losses incurred in their miniature donkey breeding business because it was entered into for profit. This case can serve as a valuable roadmap to survive an IRS audit for those with a loss-generating activity. Huff and his wife lived on a farm […]
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