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 Mackay, Caswell & Callahan, P.C., one of the leading tax law firms in New York State.

Jorgen Rex Olson

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

What to Know About Step Transactions in Exchanges

What Related Party Issues Should CPAs Know About?

How to Counsel Clients on Structuring Around Section 280E

When Clients Flout the Related Party Rules of Section 1031

What CPAs and Clients Should Know About Tax Zapper Software

What are the Tax Implications of President Trump’s Florida Relocation?

What Revenue Ruling 2019-24 Means for Clients

The New IRS Tax Guidance on Cryptocurrency

Counseling Clients on the Risks of Unusual Replacement Properties

How to Provide Counsel on Non-Safe Harbor Exchanges

Identifying Duplicate Values in an Excel List

Know the Rules of Nonattest Work Now

How Accountants Can Rebuild

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