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Supplemental Assessment Was Proper
July 30, 2026
P timely filed its Form 941...for the tax period ending March 31, 2021, properly reporting a tax liability of $121,003 and reporting a corresponding amount paid in three deposi...

"Robert Willens LLC is neither a registered investment advisor nor a broker/dealer. Subscribers and/or readers are advised that the information contained in The Willens Report is not to be construed or relied upon as investment, tax planning, accounting and/or legal advice, nor is it to be construed in any way as a recommendation to buy, hold or sell (short or otherwise) any security or any other form of investment. All opinions, analyses and information contained herein is based upon sources believed to be reliable and is written in good faith, but no representation or warranty of any kind, express or implied, is made herein concerning any investment, tax, accounting and/or legal matter or the accuracy, completeness, correctness, timeliness and/or appropriateness of any of the information contained herein. Subscribers and/or readers are further advised that the Company does not necessarily update the information and/or opinions set forth in this and/or any subsequent edition of The Willens Report or any version thereof. Readers are urged to consult with their own independent professional advisors with respect to any matter analyzed herein. All information contained herein and/or this website should be independently verified."

 

Recent Reports

Treasury Lacked Authority To Promulgate Certain Regulations
July 30, 2026
K argues that it is entitled to an amortization deduction under section 197 of the Code when computing its "GILTI" inclusion under section 951A. The TCJA created a ne...
California Resident Was Taxed On Retirement Plan Distributions
July 30, 2026
APPs filed a California Nonresident or Part-Year Resident Return for the 2019 taxable year on February 15, 2020. The Form 540NR indicated that APPs became California residents...
Law Firm Cannot Defer Gain From Loss Of Client Files
July 30, 2026
P is a partnership whose principal business activity is providing legal services. P has two partners, A and B. In 1976, a dam broke flooding Town N in which P's principal p...
Zillow Listings Were Not Probative In A Property Tax Dispute
July 29, 2026
On January 1, 2023, APPs were the owners of a 3,483-square-foot, Colonial-style home, (the "subject home"), situated on a 22,646-square-foot parcel at 7 Morningside D...