Jorgen Rex Olson

Jorgen Rex Olsen

Member Since: May 21st 2018

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Bio

Jorgen Rex Olson is a graduate of Washington State (B.A., cum laude, 2008) and the Indiana University (McKinney) School of Law (J.D., 2012). He writes for Sammamish Mortgage, a PNW mortgage company, and for Mackay, Caswell & Callahan, P.C., one of the leading tax law firms in New York State.

Jorgen Rex Olson

Mackay, Caswell & Callahan, P.C.

Oct 14th 2019

The New IRS Tax Guidance on Cryptocurrency

This publication consists of two components: Rev. Rul. 2019-24, and 43 frequently asked questions which pertain to cryptocurrency held as a...

IRS

Sep 19th 2019

Counseling Clients on the Risks of Unusual Replacement Properties

Although a good portion of 1031 exchanges are completed by acquiring a replacement property which mirrors the relinquished property, this...

IRS

Sep 3rd 2019

How to Provide Counsel on Non-Safe Harbor Exchanges

For those involved with 1031 exchanges,“safe harbor” is among the more significant terms in Section 1031 tax law. One of the surest ways...

IRS

Aug 28th 2019

Counseling Clients on Closing Costs in a 1031 Exchange

Accountants can contribute a lot of value to clients by providing them with some level of counsel on allowable closing costs in a 1031...

Clients

Aug 26th 2019

Explaining IRS Notice 2014-21 to Virtual Currency Holding Clients

The IRS is now taking tax debt deriving from cryptocurrency gains very seriously, as evidenced in IRS document 2019-132 . The time has come...

IRS

Jul 31st 2019

How to Counsel Clients on Disregarded Entities

Most tax professionals are aware that a disregarded entity can benefit taxpayers on their returns, but may not know how to properly explain...

Individuals

Jul 9th 2019

What Should You Tell Clients about Taxable Boot?

Clients who are preparing to conduct a 1031 exchange often ask: Is it possible to have an exchange that is partially taxable? Many ask...

Individuals

Jul 8th 2019

How Smart Clients Use Loans to Avoid the Gift Tax

As you likely know, the gift tax is a deferred estate tax that is triggered whenever a gift of a certain size is made during a given tax...

Individuals

Jul 8th 2019

Do You Know the Loophole in Section 121(b)(5)?

In the investment world, great traders are those who can use research to identify or create new arbitrage opportunities which can be...

Individuals

Jun 17th 2019

Kornfeld v. Commissioner as a Practical Guide to the Intent Test

Counseling clients on the mechanics of the step transaction doctrine in tax litigation is one of the surest ways to establish a loyal...

Business Tax