Monthly Archive:: January 2022

TweetShareSharePin0 Shares The Youth Economic Opportunities Conference, hosted by Making Cents International, was held in Washington, DC on September 11-13, 2012. Photo credit: USAID KDMD Project (Microlinks) Posted by Microlinks on 2012-09-13 18:29:06 Tagged: , youth TweetShareSharePin0 Shares

TweetShareSharePin0 Shares In Rev. Proc. 2022-14, the IRS on Monday provided a comprehensive updated list of changes in tax accounting methods to which the automatic change procedures in Rev. Proc. 2015-13, as subsequently modified, apply. Rev. Proc. 2015-13 itself updated and revised prior general procedures under Sec. 446(e) to obtain the IRS’s consent to obtain

TweetShareSharePin0 SharesDeducting Alimony Payments Over 50% of marriages end in divorce in the United States. Many divorce decrees include provisions for the payment of alimony. The IRS takes the position that such payments constitute a form of income and create an alimony tax deduction for the person making payments. According to the IRS, alimony payments

TweetShareSharePin0 Shares During last year’s legislature’s special session in Maine, two bills, H.P. 1039 and H.P. 1258, would have doubled the excise tax on cigarettes to $4.00 a pack. Neither bill passed, but both have carried over to this year’s session and H.P 1258 will be heard by the Health and Human Services Committee in February. These proposals

TweetShareSharePin0 Shares 0 Flares Filament.io Made with Flare More Info“> 0 Flares × This morning the ABA Section of Taxation kicks off its virtual midyear meeting with plenary addresses by two distinguished speakers, William Gale and Loretta Collins Argrett: 10:30 am– 12 pm ETOpening Plenary Session (Non-CLE)

TweetShareSharePin0 Shares Continuing to build on data reported in the National Taxpayer Advocate’s annual report, this post is about a graph from her report appearing on page 197 that shows “Cases Dismissed, Settled, and Tried in the Tax Court, FYs 2012 -2021”. The chart basically shows that almost 80% of cases settle.  I displayed a

TweetShareSharePin0 Shares The stopgap spending measure expires on February 18. Lawmakers face yet another deadline: They must finish an omnibus spending bill in less than three weeks. That must-pass bill, and an upcoming Senate battle over President Biden’s soon-to-be-named nominee to replace retiring Supreme Court Justice Breyer, will further distract the Senate from trying to