tax 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

African countries improve on Financial Secrecy Index, call for UN tax convention to end plunder

TweetShareSharePin0 Shares African finance ministers have adopted a resolution calling for a United Nations convention to stop tax abuse earlier this week as some of the richest nations, including the US and Switzerland, continue to be the biggest suppliers of financial secrecy according to the Financial Secrecy Index 2022, published this week by the Tax

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

Global Tax Deal: Time for an Updated Impact Assessment

TweetShareSharePin0 Shares This week it was reported that during her recent trip Poland, Treasury Secretary Janet Yellen offered estimates from the EU Tax Observatory as evidence that the Polish government would benefit from supporting the global tax deal. Poland has been cautious to lend its support to the EU legislation to implement the minimum tax

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

Unemployment, Retirement, and Reporting | Tax Policy Center

TweetShareSharePin0 Shares Tune in today at noon for the TPC Prescription: Talking unemployment benefit reform with Michele Evermore. The deputy director for policy at the US Department of Labor Office of Unemployment Insurance Modernization will talk with TPC’s Howard Gleckman about efforts to streamline and improve unemployment insurance systems. Register and tune in here.  Yellen

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

The Financial Secrecy Index 2022 in the Tax Justice Network podcast, the Taxcast

TweetShareSharePin0 Shares Welcome to the latest episode of the Tax Justice Network’s monthly podcast, the Taxcast. You can subscribe either by emailing naomi [at] or find us on your podcast app. Which nations are the world’s biggest financial secrecy offenders? And what does it tell us about the world, about politics and about democracy? How high does your country

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
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