Jessica Kirk

Evening Meteorologist at KVEO-TV (Brownsville, TX)

Meteorologist for KVEO • FSU Alum

Articles

Possible thunderstorms forecasted tonight

2 weeks ago | valleycentral.com | Jessica Kirk

HARLINGEN, Texas (ValleyCentral) — Tonight, the Rio Grande Valley had a Marginal Risk for severe storms. The timing will be between 7 p.m. and 3 a.m. with storms beginning in Starr County and moving East. The entire Valley is also included in a marginal (1/4) risk for flooding. Future rainfall estimates remain greater in the upper Valley. Isolated locations could see 3-4 inches of rain fall in a very short amount of time, which could lead to minor flooding concerns.
Pi Day! Yum. Yum. (And the math is awesome, too!)

2 months ago | denverwater.org | Jessica Kirk

If I had a nickel for every time I heard a high school classmate say, “I don’t understand why I have to study geometry, I’m never going to use that stuff in real life,” I’d be a wealthy woman today. Especially when you consider how that nickel would have grown due to the compound interest accrued over the many years since my high school graduation.
Rain storms possible this Labor Day Weekend

Aug 30, 2024 | valleycentral.com | Jessica Kirk

HARLINGEN, Texas (ValleyCentral) — The Holiday Weekend is upon us, and we’re calling for both heat and rain. We have a front to our north and a tropical low in the gulf contributing to our rain chances. The tropical low in the Gulf of Mexico has been identified as an area of interest by the National Hurricane Center. It is not expected to develop into a named storm, but it will remain offshore and bring flooding potential to the northern Coastal Bend of Texas, and Coastal Louisiana.
IRS Proposes to Classify Basket Contracts as a Tax Avoidance Scheme

Jul 16, 2024 | lexology.com | Jessica Kirk |Lee S. Meyercord |Joshua David Odintz |Abbey Benjamin Garber |Kate Minnich |Mary McNulty

The U.S. Department of the Treasury and IRS on July 11, 2024, issued proposed regulations that would classify certain basket contract transactions as listed transactions. Taxpayers and material advisers participating in listed transactions must comply with disclosure and recordkeeping requirements and are subject to penalties for failure to comply.
Tropical Storm Alberto makes landfall

Jun 20, 2024 | valleycentral.com | Jessica Kirk

HARLINGEN, Texas (ValleyCentral) — Tropical Storm Alberto made landfall near Tampico around 8 a.m. Thursday morning. At its strongest, the storm had 50mph sustained winds, which is on the weak end of tropical storm strength. It will rapidly weaken as it moves inland. The RGV remains in a flood watch until 1 p.m., and the coast has a wind advisory until noon. Winds could gust near 50mph. Our tornado watch and tropical storm warning expired this morning.
TROPICAL STORM WARNING Extended; Gusty Winds Possible

Jun 18, 2024 | valleycentral.com | Jessica Kirk

In the most recent update from the National Hurricane Center, Potential Tropical Cyclone One has not been upgraded to a named tropical storm. The Tropical Storm Warning has been extended further inland to include all of Cameron and Willacy Counties. This means winds could reach 39-57mph over the next 36 hours. The biggest threat remains flooding. The heaviest rain is forecast to occur from Wednesday morning to Thursday morning. We are in a moderate risk for Excessive Rainfall.
Potential Tropical Cyclone One brings watches and warnings for the RGV

Jun 18, 2024 | valleycentral.com | Jessica Kirk

HARLINGEN, Texas (ValleyCentral) — Potential Tropical Cyclone One is expected to become Tropical Storm Alberto by the end of the day. The entire Rio Grande Valley is under a flood watch from Tuesday night until Thursday. We are still expecting 5-7 inches of rain for the Upper Valley, and 7-9 inches of rain for the Lower Valley. Coastal areas are under a tropical storm warning until Thursday. Winds are expected to remain between 39 and 57mph. Coastal areas are under a Coastal Flood warning.
HIGH CHANCE of Tropical Storm formation

Jun 17, 2024 | valleycentral.com | Jessica Kirk

HARLINGEN, Texas (ValleyCentral) — We now have a 70% chance that the area of interest in the gulf will become a tropical depression, or even a tropical storm, over the next 2 days. This is the first high chance of development of the 2024 Hurricane Season. If the low-pressure system reaches tropical storm strength, it will be named “Alberto.”Whether or not it becomes a named storm, we expect similar impacts. This includes high rain chances and rainfall totals over the next 7 days.
Could tropical system in the Gulf help our drought?

Jun 13, 2024 | valleycentral.com | Jessica Kirk

HARLINGEN, Texas (ValleyCentral) — The U.S. Drought Monitor was updated Thursday morning, and conditions have worsened since last week. The Rio Grande Valley may receive much-needed rain next week in the form of a tropical system. This area of low pressure in the Bay of Campeche has a 40% chance for development over the next 7 days. The tropical low is entering a favorable environment for further development. The Sea Breeze will bring us slight rain chances through Sunday.
Tax Planning Prevails in Parkway Gravel Decision | JD Supra

May 31, 2024 | jdsupra.com | James Dawson |Abbey Benjamin Garber |Jessica Kirk

The U.S. Tax Court recently issued an opinion in Parkway Gravel Inc. v. Commissioner, respecting the structure of a gravel company's sale of a land parcel known as the Freeway Pit. In finding for the taxpayer, the Tax Court rejected the IRS argument that either the common law "conduit" doctrine or the "sham transaction" doctrine should apply to recharacterize the transaction.