tax Archive

Failing to Respond to the IRS and the Tax Court

TweetShareSharePin0 Shares I occasionally write about Tax Court disciplinary matters.  The most recent post on this subject describes the disbarment of a former Chief Counsel attorney after his conviction for tax evasion.  That post contains links to a few prior posts on disciplinary matters.  On August 25, 2022, the Tax Court issued a press release

WV County Officials Officially Oppose Divisive Property Tax Amendment

TweetShareSharePin0 Shares Two organizations representing county officials in West Virginia have publicly opposed a proposed amendment allowing the state legislature to alter property taxes. In an official release, the West Virginia Association of Counties (WVACO) and the County Commissioners’ Association of West Virginia spoke out against the effort to amend the state constitution. In part, their statement

Indiana Becomes Latest State to Tax Student Loan Forgiveness

TweetShareSharePin0 Shares Indiana has become the latest state to confirm that residents will have to pay taxes on forgiven student loans.  According to the official White House fact sheet for President Biden’s plan, the proposal will eradicate $10,000 in student loan debt for those who do not have Pell Grants and make under $250,000 per year for couples

When Regulatory and Sub-Regulatory Guidance Collides… (Part One)

TweetShareSharePin0 Shares Being tasked with “administering” the Internal Revenue Code is no easy job. Congress sometimes makes it even more difficult by having the IRS distribute direct payments (like the Economic Impact Payments (EIPs)) or by changing the law when filing season has already started (for example, by excluding unemployment benefits from income). Notice and

Income Tax Inflation Adjustments in Europe

TweetShareSharePin0 Shares Most countries’ personal income taxes have a progressive structure where tax rates increase as individuals earn higher wages. However, if wages are pushed up by inflation, people may pay higher taxes even if their real earnings have not increased. This is known as bracket creep. In the first quarter of 2022, labor costs

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