tax Archive

Tax pros share IRS service challenge stories, solutions

TweetShareSharePin0 Shares Representatives of organizations of tax professionals and firms related their experiences in dealing with the IRS in an online forum Tuesday. Thousands of tax professionals and others logged in, filling long columns of chat and question sidebars with their own experiences and thoughts. The hourlong session, titled “Is Help on the Way From

Michigan Income Tax Reform Would Put State in Top 10

TweetShareSharePin0 Shares Amid record surpluses, Michigan lawmakers are looking to give relief to taxpayers and enhance the state’s competitive standing. Senate Bill 786, which recently reported from committee, would reduce both the corporate and individual income tax rates to 3.9 percent as of January 1, 2022. It would also create a tax credit of $500

Discharging Student Loan Debt

TweetShareSharePin0 Shares The Department of Education (DOE) recently lost a motion for reconsideration of a bankruptcy court decision involving the discharge of student loan debt.  The case is almost a purely bankruptcy matter having no real tax aspect to it, but because the bankruptcy court talks about what will happen to the debt upon its

Top Personal Income Tax Rates in Europe, 2022

TweetShareSharePin0 Shares Most countries’ personal income taxes have a progressive structure, meaning that the tax rate paid by individuals increases as they earn higher wages. The highest income tax rate individuals pay differs significantly across European OECD countries—as shown in today’s map. The top statutory personal income tax rate applies to the share of income

Facial Recognition Is No Longer Coming

TweetShareSharePin0 Shares The IRS announced this afternoon that it will move way from facial recognition to authenticate people creating online IRS accounts, and that it will develop an additional authentication process that does not rely on facial recognition. The IRS announcement was followed by a news release from the Office of Senator Wyden, reproduced below.

IRS backs away from facial recognition

TweetShareSharePin0 Shares The IRS reversed course Monday on earlier plans to require taxpayers to authenticate their identities with a nongovernmental facial-recognition service to use certain online services. In a news release, the IRS announced it will “transition away from using a third-party service for facial recognition to help authenticate people creating new online accounts.” The

Pro Se Petitions in Tax Court

TweetShareSharePin0 Shares The National Taxpayer Advocate’s (NTA) annual report has an interesting section focusing on pro se litigation.  Perhaps it’s only interesting to me because I run a low income taxpayer clinic (LITC) but I hope that this post will help you consider how it should be of some interest to you even if you
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