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  • Posts by Brett Miller
    Partner

    Brett J. Miller serves as Co-Leader of the Federal Tax Team. He is a member of the firm's Tax & Employee Benefits Department and Real Estate Practice Group. Mr. Miller’s tax controversy practice focuses on both federal and state tax ...

Posted in Tax and Finance

Brett J. Miller conducts an active tax controversy litigation practice before both the United States and Indiana tax courts. The foundation of his tax controversy experience is his five years as a trial attorney with the Office of Chief Counsel, Internal Revenue Service, where he regularly litigated before the United States Tax Court. In addition to litigation before the United ...

Has your accountant told you that you have inadequate “basis” to deduct your business losses? Did you know that you can borrow monies and in turn loan the monies to your S corporation, which may create basis? A “back-to-back loan” may help S corporation shareholders create basis, which affords the shareholder with flexibility to deduct his or her otherwise suspended losses. While this may seem simple, it is important to remember that the deductible losses are limited to the amount of the shareholder's basis.

In the supply chain a push and pull exists between suppliers and buyers: suppliers need to get paid upon invoice maturity date or earlier to keep the supply chain moving. Buyers want to stretch the amount of time they take to pay suppliers in order to hold on to working capital longer. In the current economic downturn, the divergent pressures have increased drastically, but the risks to a ...

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