tax Archive

Naked Owners Lose Wrongful Levy Appeal

TweetShareSharePin0 Shares We welcome back guest blogger Matthew Hutchens of the University of Illinois Gies College of Business. With co-author Erin Stearns, Hutch recently updated the lien and levy chapters of Effectively Representing Your Client Before the IRS. In today’s post, he examines the Fifth Circuit opinion on a niche question of Louisiana law after

Encouraging Retirement Saving, States Still Shop For Tax Cuts

TweetShareSharePin0 Shares Retirement savings incentives could make their way into an omnibus spending bill. The House Ways & Means Committee’s bipartisan bill is backed by Chairman Richard Neal and top Republican Kevin Brady. It would require most employers to automatically enroll workers in  401(k)-type plans unless employees opt out, boost tax credits for startup firms

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 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

R&D, A Flat Tax, And A State Appeal For Capital Gains Tax

TweetShareSharePin0 Shares Will the R&D tax break return next week? US companies are urging lawmakers to restore full first-year deductions for research and development expenses as soon as possible. Their preference: The omnibus appropriations package that must be approved by March 11. The 2017 tax law temporarily allowed full expensing but the provision expired this

A Regulatory Tax Hike on US Multinationals

TweetShareSharePin0 Shares Throughout the first year of the Biden administration, one tax policy theme was consistent. The President and Treasury Secretary Janet Yellen were focused on increasing the tax burden on U.S. companies—particularly multinational companies.  As Secretary Yellen put it last year, “It is about making sure that governments have stable tax systems that raise

Missouri Tax Reform: Missouri Tax Competitiveness

TweetShareSharePin0 Shares “Frothy eloquence neither convinces nor satisfies me,” the 19th century Congressman Willard Duncan Vandiver allegedly declared. “I am from Missouri. You have got to show me.” In the realm of tax policy and economic competitiveness, lawmakers from the Show-Me state are turning the old adage around. They are showing the rest of the

Tax Court is on the Road Again

TweetShareSharePin0 Shares 0 Flares 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
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