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A New Twist on What Constitutes a Tax Return

TweetShareSharePin0 Shares In Sienega v. Cal. Franchise Tax Bd. (In re Sienega), No. 20-60047, 2021 U.S. App. LEXIS 35875 (9th Cir. Dec. 6, 2021), the taxpayer/debtor raised a novel argument regarding a document the debtor sought to have the court treat as a tax return.  In this case the debtor argued that the bankruptcy court

2022 Corporate Tax Rates in Europe

TweetShareSharePin0 Shares European countries—like almost all countries around the world—require businesses to pay corporate income taxes on their profits. The amount of taxes a business ultimately pays on its profits depends on both the corporate tax base and the corporate tax rate. Today’s map shows how statutory corporate income tax rates compare across European OECD

10 Tax Reforms for Economic Growth and Opportunity

TweetShareSharePin0 Shares Key Findings The waning pandemic and robust economic recovery have come with many benefits—plentiful jobs and fast-growing (nominal) incomes—but also serious challenges such as high and rising inflation. Rather than pushing for more fiscal stimulus or leaving it to the Federal Reserve to handle inflation through higher interest rates, policymakers should focus on

Stolen dreams: the Tax Justice Network podcast

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] taxjustice.net or find us on your podcast app. In this episode we bring you the story of a pensioner robbed of his dream retirement who shares his story with us of his fight for

Making Offers in Compromise Public

TweetShareSharePin0 Shares I wrote a post several years ago about the public reading rooms that exist in a few cities around the country where the IRS makes public, for one year, the offers in compromise for the region covered by the city which houses the reading room.  I would be curious to learn how accessible

How a Low Income Tax Clinic Can Help You and Vice Versa

TweetShareSharePin0 Shares We are approaching the 50th anniversary of low income tax clinics (LITCs) which began in 1974 at Hofstra Law School.  Read more about the history here.  In addition, we are approaching the 25th anniversary of the jolt to the idea that propelled a ten-fold increase in the number of LITCs and brought them

Cryptocurrency Gains Scrutiny | Tax Policy Center

TweetShareSharePin0 Shares Senate passes temporary spending bill through March 11. The Senate approved a continuing resolution to keep the government running through March 11. The House passed the measure last week. Without Senate action, part of the government would have shut down today. Collins on the IRS backlog. Testifying before the Senate Finance Committee yesterday, Taxpayer

AICPA testifies to Congress on IRS service problems

TweetShareSharePin0 Shares There’s still time to salvage this year’s tax filing season, or at least make a difference, if the IRS adopts recommended taxpayer relief measures, Jan F. Lewis, CPA, the chair of the AICPA’s Tax Executive Committee, told the U.S. Senate Committee on Finance in a hearing Thursday. Lewis, who is also a tax

Tax pros are subject of ‘spearphishing’ attacks

TweetShareSharePin0 Shares News PRACTICE & PROCEDURES By Paul Bonner Identity thieves are targeting tax professionals with “spearphishing” emails masquerading as coming from the IRS or tax return preparation software providers, the Service advised in a news release Wednesday. A recent such ploy features the IRS logo, with a subject line such as “Action Required:

District Court in Rewwer Holds Improperly-Signed Timely Forms 843 Can be Informal Refund Claims

TweetShareSharePin0 Shares The recent decision in Rewwer v. United States, 1:20cv495 (S.D. Ohio 2022) regarding a misfiled refund claim later corrected reaches the opposite conclusion from the Court of Federal Claims’ recent decision in Dixon v. United States, (Ct. Fed. Cl. 2022) (Dixon 2) (blogged here) and contradicts the decision in Fulham v. United States,
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