tax Archive

TweetShareSharePin0 Shares Key Findings The value-added tax (VAT) is a major source of revenue for EU countries and is one of the EU’s own resources. For Member States, it represents on average 17.8 percent of their total tax revenue. For the EU, VAT revenue represented roughly 7.5 percent of its total revenue in 2021. While

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

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

TweetShareSharePin0 Shares 0 Flares Filament.io Made with Flare More Info“> 0 Flares × We welcome back guest blogger Daniel N. Price. Dan worked in the Office of Chief Counsel of the Internal Revenue Service for almost two decades and is now starting in the private sector in

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

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

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