Jorgen Rex Olson

Jorgen Rex Olsen
Member Since: May 21st 2018
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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 Mackay, Caswell & Callahan, P.C., one of the leading tax law firms in New York State.
Mackay, Caswell & Callahan, P.C.
Mar 23rd 2020
What to Know About Step Transactions in Exchanges
Step transactions are not the easiest things to understand. At essence, step transactions involve a transgression against the purpose of a...
Business Tax
Mar 4th 2020
What Related Party Issues Should CPAs Know About?
In one of our recent posts, we discussed the case of Teruya Brothers v. Commissioner (2009). As we saw, Teruya Bros. can easily be counted...
IRS
Feb 25th 2020
How to Counsel Clients on Structuring Around Section 280E
Section 280E pertains to businesses which sell so-called “controlled substances,” as defined by the federal government. In this post, we...
Business Tax
Feb 18th 2020
When Clients Flout the Related Party Rules of Section 1031
One case every CPA should be familiar with is Teruya Brothers Ltd. v. Commissioner (2009). There are several reasons for this. One is the...
Business Tax
Jan 20th 2020
What CPAs and Clients Should Know About Tax Zapper Software
Tax zapper software – also referred to as “sales suppression software” – is a technology which can enable businesses to deliberately...
Business Tax
Jan 7th 2020
What are the Tax Implications of President Trump’s Florida Relocation?
As many know, President Trump owns a piece of real estate – the Mar-a-Lago Club in Palm Beach, FL – and claims that this will serve as his...
Individuals
Nov 25th 2019
What Revenue Ruling 2019-24 Means for Clients
It is important that accountants keep up with these efforts of the IRS with respect to bitcoin and other cryptocurrencies because keeping...
Trends
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