information Archive

TweetShareSharePin0 Shares Back in 2013, I wrote about Andersen v Comm’r, a summary opinion where a taxpayer failed to include $28,000 of W-2 income but was not subject to a 20% civil penalty for substantially understating income. In Andersen, the Tax Court held that there was reasonable cause for the omission and the taxpayer acted

TweetShareSharePin0 Shares At the Court Practice and Procedure committee during recent ABA Tax Section meeting there was a panel on Collection Due Process (CDP.)  The panel put up some statistics on CDP from a few years ago that I will put into this post.  It also discussed a 15 year old case precedential CDP case,

TweetShareSharePin0 Shares In this post I will highlight the slides presented by Mark Cottrell, Branch 6 Chief, IRS (Procedure & Administration) during the committee program as well as some of his other remarks.  The slides give a good view of the case statistics for the recent period. The first slide shows tax dollars in dispute

TweetShareSharePin0 Shares This committee put on a panel including representatives from the Tax Court, the Court of Federal Claims, the Tax Division of the Department of Justice and the Procedure and Administration Division of Chief Counsel (P&A).  I took notes while they were speaking and provide you here with what I found important from the

TweetShareSharePin0 Shares The IRS said Thursday that it destroyed approximately 30 million unprocessed information returns because its “antiquated technology” forced it to dispose of the paper documents and vowed to process all such information returns that it received in 2021 and 2022. The IRS statement was in response to an audit report by the Treasury

TweetShareSharePin0 Shares Lately there has been much fury and gnashing of teeth on the Biden administration proposal to vastly increase bank reporting requirements to the IRS. In a nutshell, the proposal would require banks and credit unions to send information returns to the IRS wherever an individual hits a threshold amount of “inflows and outflows”

TweetShareSharePin0 Shares by Mike Godfrey, Tax-News.com, Washington 25 August 2021 The US Senate has approved the inclusion of new provisions in the bipartisan infrastructure bill to require intermediaries involved in cryptocurrency trading to report details about transactions. Despite concerns raised by various lawmakers that the provisions fail to provide clarity about who the reporting