tax Advice Archive

TweetShareSharePin0 Shares The IRS on Friday provided guidance on how bona fide residents of Puerto Rico can claim the child tax credit (CTC) for tax year 2021. The guidance provides simplified procedures to allow eligible “Puerto Rico CTC filers” (defined below), who were not required to file a 2021 federal income tax return, to provide

TweetShareSharePin0 Shares IRS has not been in the business of directly providing taxpayers with the ability to e-file tax returns. Of course, taxpayers whose incomes are below a certain threshold can use the Free File program provided by IRS and Free File, Inc. (FFI), a consortium of tax preparation companies.  We have discussed Free File,

TweetShareSharePin0 Shares Continued personnel shortages and a growing backlog of some returns significantly impeded the IRS’s performance during the 2022 income tax filing season that ended last month, the Treasury Inspector General for Tax Administration (TIGTA) reported in a preliminary audit. The report, Interim Results of the 2022 Filing Season (Rep’t No. 2022-40-035), dated May

TweetShareSharePin0 Shares 0 Flares Filament.io Made with Flare More Info“> 0 Flares × A recent case in which the defendants lost for not responding to a suit filed against them by the IRS caught my eye.  Default judgments are a dime a dozen but this one involved an injunction against

TweetShareSharePin0 Shares In 2019 the D.C. Circuit held in Myers v. Commissioner, 928 F.3d 1025, that the language creating the Tax Court’s basis for jurisdiction to hear whistleblower cases did not create a jurisdictional filing deadline.  It also held the time period subject to equitable tolling.  So, can the subsequent history of Myers provide insight

TweetShareSharePin0 Shares 0 Flares Filament.io Made with Flare More Info“> 0 Flares × Hallmark Research Collective, Tax Court Dk. No. 21284-21, filed a petition on September 2, 2021, in response to a notice of deficiency. The IRS answered the case on November 10, 2021; however, the Tax Court

TweetShareSharePin0 Shares It’s no surprise that the Supreme Court decision in Boechler was the highlight of PT posts in April. PT has been covering and standing steadfast behind the argument for many, many years and the case is a huge win for taxpayers, taxpayer representatives, and everyone who has helped inch this argument along. Supreme