tax Archive

The Low-Income Taxpayer and Form 1099-K

TweetShareSharePin0 Shares Today we welcome first-time guest blogger Nicole Appleberry. Professor Appleberry directs the Tax Clinic at the University of Michigan Law School, and she is also of Counsel with Ferguson, Widmayer & Clark PC. In this post she explains how the Forms 1099-K reporting requirements impact low-income taxpayers, and she brings us up to

Math Error and Limited Taxpayer Remedies

TweetShareSharePin0 Shares Last year I gave two talks about math errors, one for an ABA Tax Section meeting and the other for the annual conference the IRS sponsors for tax clinics. I also worked on a refresh of the math error subchapter in Saltzman and Book, IRS Practice & Procedure. In doing this work last

14,000 taxpayers improperly subject to private collection agencies

TweetShareSharePin0 Shares The Treasury Inspector General for Tax Administration (TIGTA) called on the IRS to withdraw over 14,000 low-income taxpayers from being subject to private collection agencies (PCAs), a recommendation the IRS disputed. “If the IRS does not recall the 14,141 low-income taxpayers from PCA inventory, it is potentially burdening these taxpayers by PCA attempts

Polselli Summons Case Heads To Supreme Court

TweetShareSharePin0 Shares Last January in Circuit Split on Notice Rules For Summonses to Aid Collection I discussed how the Sixth Circuit case Polselli v United States resulted in a split in the circuits on a fundamental issue in IRS summons practice: does the IRS have to give notice when it issues a summons in the aid of

Which Tax Filers Do Lawmakers Want To Help?

TweetShareSharePin0 Shares Tune in at Noon today for TPC’s Prescription with Jacob Bastian on the Child Tax Credit. The Rutgers economist’s research concludes that the child tax credit can significantly reduce poverty without reducing incentives to work. Not all agree with his conclusions. He’ll discuss them today at Noon. Register and tune in here.  Why

Call For Portland Tax Abatement to Turn Abandoned Offices Into Housing

TweetShareSharePin0 Shares Some Portland residents have begun calling for the city to implement a tax abatement for real estate developers interested in converting abandoned offices into housing. Credit: Didier Marti/Getty Images The landscape of the American workforce has changed dramatically since the start of the COVID-19 pandemic in early 2020. An increasing number of companies

Key tax and retirement provisions in the Secure 2.0 Act

TweetShareSharePin0 Shares The Consolidated Appropriations Act, 2023, P.L. 117-328, enacted on Dec. 29 included (as its Division T) the Secure 2.0 Act, which contains several retirement and tax provisions. The Secure 2.0 provisions mostly focus on expanding coverage, increasing retirement savings, and simplifying and clarifying retirement plan rules, but there are other changes included as

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