tax Advice Archive

Things are Different at the Government

TweetShareSharePin0 Shares Everyone graduating from law school these days must take a course in legal ethics aka professional responsibility.  State bars also require persons seeking admittance to take a standardized test designed to ensure that those entering the profession have the requisite knowledge of the ethical rules that govern legal practice.  In 2007 when I

Ukraine aid eligible for leave-based donations programs

TweetShareSharePin0 Shares The IRS provided guidance Thursday on the tax treatment of cash payments employers make under a leave-based donation program to aid victims of the further Russian invasion of Ukraine, which began Feb. 24, 2022. A leave-based donation program allows employees to elect to give up their employer-provided vacation, personal, or sick leave benefits

Tax equity research lacks demographic data, GAO reports

TweetShareSharePin0 Shares Disparities by race, ethnicity, and sex exist among taxpayers in their eligibility for and amount of family-oriented tax credits and certain other tax attributes, the U.S. Government Accountability Office (GAO) found in a study. Those findings were only estimates, however, the GAO cautioned, extrapolated and simulated from U.S. Census data. And the report

Can Intentionally Filing an Improper Information Return Justify a Claim for Damages Under Section 7434?…Continued!

TweetShareSharePin0 Shares We welcome back guest blogger Omeed Firouzi, who works as a staff attorney at the Taxpayer Support Clinic at Philadelphia Legal Assistance, for a discussion of the latest case involving an information return with improper information.  The question of how far the statute goes in order to protect recipients continues to play out

House subcommittee queries audit rates, IRS resources

TweetShareSharePin0 Shares Causes and cures for persistent high rates of improper payments of the earned income tax credit (EITC) and consequent high audit rates by the IRS of taxpayers claiming the credit were among topics discussed Wednesday by members of the Oversight Subcommittee of the House Ways & Means Committee. The session, “On Taxpayer Fairness

Update on Premature Assessments

TweetShareSharePin0 Shares 0 Flares Made with Flare More Info“> 0 Flares × At the recent ABA Tax Section meeting the Tax Court announced that it had eliminated its backlog of cases which should stop the premature assessment problem it has created during the past two years

IRS audit rates decreased most for wealthy, GAO finds

TweetShareSharePin0 Shares IRS examinations of individual income tax returns declined between 2010 and 2019 across the board, but the trend was most pronounced for taxpayers with incomes of $200,000 or more, the U.S. Government Accountability Office (GAO) reported Tuesday. The report, Trends of IRS Audit Rates and Results for Individual Taxpayers by Income (Rep’t No.

IRS blames old tech in destruction of information returns

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
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