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tax Advice Archive

Tell us where the challenges are

TweetShareSharePin0 Shares CPAs and other tax professionals can help the Taxpayer Advocate Service (TAS) identify the most acute problems within the IRS, said National Taxpayer Advocate Erin Collins on Thursday in an online AICPA Town Hall meeting. The session, attended by about 9,000 participants, hosted Collins to speak about the IRS’s current issues in providing

The Passing of Michael Mulroney

TweetShareSharePin0 Shares 0 Flares Filament.io Made with Flare More Info“> 0 Flares × Michael Mulroney, a dear former colleague of Keith and mine at Villanova Law School, has passed away at the age of 90.  Michael had a zest for life, dry sense of humor and deep

Tax Court is on the Road Again

TweetShareSharePin0 Shares 0 Flares Filament.io Made with Flare More Info“> 0 Flares × In August of 2021, the Tax Court announced that it was going live in January; however, as it resumed in-person trials, the virus flared up and the Court announced that the remaining January calendars

February 2022 Digest

TweetShareSharePin0 Shares Hot topics covered by Procedurally Taxing in February included recommendations about how IRS can best move forward, changes the IRS is already implementing, and court decisions that reflect shifting views about a court’s jurisdiction when an informal refund claim is defective or absent. How Did We Get Here? A New Series …: A

Honest Mistakes Happen, But a Two Million Dollar Difference in Mortgage Interest Will Likely Trigger An Accuracy-Related Penalty

TweetShareSharePin0 Shares Busch v Commissioner, a small tax case issued as a bench opinion, involves a couple who claimed to have made an honest mistake on their self-prepared tax return.  According to the Busches, when using their tax return prep software, the software did not allow them to enter cents when recording the mortgage interest

AICPA again asks IRS to delay K-2/K-3 reporting

TweetShareSharePin0 Shares The AICPA and 52 state and area CPA societies submitted further comments and concerns to the IRS and Treasury on Friday urging a delay until next year of required reporting by partnerships and S corporations of items of international tax relevance on new Schedules K-2, Partners’ Distributive Share Items — International, and K-3,

The Taxpayer First Act’s Legacy: What Comes Next

TweetShareSharePin0 Shares For the last few years, I’ve asked my students whether they’ve heard of the “Tax Cuts and Jobs Act” before. Many raise their hand. Because I’m insufferable, my first order of business is to tell them that there is really no such thing as the “Tax Cuts and Jobs Act” (or TCJA). What
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