tax Archive
Limits, Increases, and Options | Tax Policy Center
December 15, 2022
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TweetShareSharePin0 Shares Tune in at Noon today: What happens if Congress doesn’t raise the debt limit? Join TPC co-founder Len Burman on the next episode of The Prescription. He’ll talk with TPC’s Howard Gleckman at 12:00 today about the potentially devastating impact of Congressional inaction. There’s got to be a better way to run the
Missouri Approves Over $40 Million In Low-Income Housing Tax Credits
December 15, 2022
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TweetShareSharePin0 Shares The state of Missouri has approved the disbursement of over $40 million in low-income housing credits to help developers construct residences for underprivileged families. Credit: Steve Geer/Getty Images The funds are expected to be used to build 1,791 houses throughout the state. Last week, the Missouri Housing Development Commission agreed to issue half the credits
What’s Wrong With The Tax Court’s Hallmark Opinion: Part 7
December 14, 2022
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This is the seventh of a multipart post discussing the recent Tax Court opinion in Hallmark Research Collective v. Commissioner, 159 T.C. No. 6 (11/29/22). In the sixth part of this post, I had
Options to Improve the Child Tax Credit for Low-Income Families
December 14, 2022
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TweetShareSharePin0 Shares Talks on the expansion of the Child Tax Credit appear to have stalled, with a key sticking point being opposition of some lawmakers to making the credit fully refundable – or allowing low-income families to qualify for the maximum credit regardless of how much they earn. However, there are potential compromises short of
Social Security Levies and the Statute of Limitations
December 14, 2022
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TweetShareSharePin0 Shares Les wrote a post on the Dean case last year in which the 11th Circuit made clear that an IRS levy on social security payments made prior to the expiration of the statute of limitations continued to capture those payments after the statute expired. Shortly thereafter Les wrote a post on a Chief
What’s Wrong With The Tax Court’s Hallmark Opinion: Part 6
December 13, 2022
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TweetShareSharePin0 Shares In this case, as in others that have come before us in recent years, we must decide whether a procedural rule is “jurisdictional.” This question is not merely semantic but one of considerable practical importance for judges and litigants. Branding a rule as going to a court’s subject-matter jurisdiction alters the normal operation
Will the “Blogger Rule” Join the “Fatty Rule” as Litigation over IRC 6015(e)(7) Continues? (Part Two)
December 13, 2022
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TweetShareSharePin0 Shares In Part One I introduced the pending case Thomas v. Commissioner, in which a taxpayer seeks to exclude some of her blog posts from evidence in her innocent spouse trial. She argues the blog posts must be excluded under 6015(e)(7) as they were public at the time of the administrative determination and so
Tax Justice Network Arabic podcast #60: كأس العالم: الجانب المُظلم من قطر
December 13, 2022
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TweetShareSharePin0 Shares Welcome to the 60th edition of our Arabic podcast/radio show Taxes Simply الجباية ببساطة contributing to tax justice public debate around the world. It’s produced and presented by Walid Ben Rhouma and is available on most podcast apps. Any radio station is welcome to broadcast it for free and websites are also welcome to share it. You can follow
Corporate Tax Rates by Country | Corporate Tax Trends
December 13, 2022
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TweetShareSharePin0 Shares Key Findings In 2022, 16 countries made changes to their statutory corporate income tax rates. Six countries—Colombia, South Sudan, Netherlands, Turkey, Chile, and Montenegro—increased their top corporate tax rates, while 10 countries—including France, Greece, and Monaco—reduced their corporate tax rates. Comoros (50 percent), Puerto Rico (37.5 percent), and Suriname (36 percent) are the jurisdictions
What’s Wrong With The Tax Court’s Hallmark Opinion: Part 5
December 12, 2022
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TweetShareSharePin0 Shares As I noted in the last part of this post, the Supreme Court has created a stare decisis exception to the rule that claim-processing rules (including filing deadlines) are no longer jurisdictional. In that part, I gave the citations to nine opinions of the Supreme Court (including Boechler) stating that the exception applies
