tax Archive

TweetShareSharePin0 Shares In Coggin v. Commissioner, 157 T.C. No. 12 (2021) the Tax Court issued a precedential opinion interpreting IRC 6015(e)(3) regarding its jurisdiction to hear an innocent spouse case when a district court simultaneously has the same issues pending before it.  In her pleadings in district court Ms. Coggin sought a determination that she

TweetShareSharePin0 Shares It’s that time of year when we review which items of the tax code are scheduled to expire or otherwise change in just a few days. An eclectic group of temporary tax policies approach their expiration dates, but at the last minute typically hitchhike onto must-pass legislation for another temporary extension. Not so

TweetShareSharePin0 Shares I’m not a huge fan of the suggestion to “do more with less.” To me, it tastes like a corporate-sugar coat to otherwise clearly insipid advice: “be more efficient.” During the pandemic more than ever it should be clear that there are actual bandwidth limitations: sometimes you legitimately need more (time, resources, staff,

TweetShareSharePin0 Shares Welcome to the Tax Policy Center’s annual Lump of Coal Award for the year’s biggest tax policy blunders, Build Back Better edition. Even by the usual low standards, 2021 saw more than its share of terrible ideas, and worse execution. Here are the Top Ten: 10. A little help on remote work, Supreme

TweetShareSharePin0 Shares The Build Back Better proposal for a 1 percent excise tax on corporate share buybacks would reduce their tax advantage relative to dividend distributions. Equivalent to a corporate tax rate increase of 0.8 percent on earnings distributed as share repurchases, the new tax would generate about $124 billion over 10 years and could

TweetShareSharePin0 Shares As 2021 comes to a close, countries are moving toward harmonizing tax rules for multinationals, but stalled talks on the Build Back Better Act (BBBA) in the United States means new uncertainties for a global agreement and for taxpayers. Despite the 2017 U.S. tax reform serving as inspiration for current discussions of a

TweetShareSharePin0 Shares Today we welcome back guest blogger Anna Gooch. Anna highlights ongoing discussions of the IRS’s communication and education strategy between TIGTA, the IRS, and stakeholder groups. This topic is particularly timely following the President’s executive order on improving customer experience across the federal government, which states in part, that Creatively re-thinking taxpayer communication