tax Archive
Another Case Denying Attorney’s Fees; TAS Tries to go to Appeals
May 7, 2021
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TweetShareSharePin0 Shares The case of Jacobs v. Commissioner, T.C. Memo 2021-51 (see the 39th doc on the docket) demonstrates once again how difficult it is to obtain attorney’s fees in Tax Court cases. Maria Dooner and Linda Galler, the authors of the excellent chapter on attorney’s fees in the 8th Edition of Effectively Representing Your
Tax Relief, Tax Scrutiny | Tax Policy Center
May 7, 2021
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TweetShareSharePin0 Shares Will taxing capital gains at death hurt farmers? Democratic lawmakers representing rural districts want assurances that owners of family farms and small businesses will be protected from President Biden’s proposal to tax at death capital gains exceeding $1 million. June will be appropriations month in the House. Appropriations Committee Chair Rosa DeLauro says
United States Citizens Living Abroad & Tax: What does IRS Re…
May 7, 2021
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TweetShareSharePin0 SharesThe United States tax obligations United States individuals on their around the world revenue, no issue where they live as well as where the revenue is sourced from. Given that a United States deportee that stays overseas is not a nonresident alien yet instead an international citizen (with United States individual condition), these policies
A Twist on the Last Known Address Issue and an Update on DAWSON
May 6, 2021
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TweetShareSharePin0 Shares We just had a call in the clinic that highlights another unexpected result of the dysfunction at the IRS resulting from the pandemic. As you probably know one result of the pandemic is that the IRS is taking months, perhaps more than a year, to process 2019 returns filed by paper. The filing
Top Personal Income Tax Rates in Europe
May 6, 2021
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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 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 that
What Location Matters Can Tell Us About State Tax Competitiveness
May 5, 2021
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TweetShareSharePin0 Shares Don’t expect data centers to blossom in the plains of Kansas: a new data center’s effective tax rate in the state is 21 times what would be paid by a new manufacturer with similar profits. In the median state, that data center would face only one-quarter the tax burden it does in Kansas.
A Motivating Reminder
May 5, 2021
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TweetShareSharePin0 Shares Nina Olson identified a need, which created a movement and changed the landscape of America’s tax system forever. She started the Community Tax Law Project in 1992 and the Revenue Restructuring Act, (“RRA”), which ushered in a new era for taxpayer advocacy (including the Taxpayer Advocate Service and the role of National Taxpayer
Should Government Use Tax Incentives to Encourage People to Get The COVID-19 Vaccine?
May 5, 2021
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TweetShareSharePin0 Shares Tax incentives can encourage action that supports the public good—like lifting children out of poverty, giving to charity, pursuing higher education, or using alternatives to fossil fuels. How about helping end a global pandemic? COVID-19 has weakened economies and killed more than 3.1 million people worldwide, with over 575,000 deaths in the US
The State Tax Costs of Doing Business
May 5, 2021
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TweetShareSharePin0 Shares Note: A landmark comparison of corporate tax costs in all 50 states, Location Matters calculates and analyzes the tax burdens of eight model firms: a corporate headquarters, a research and development facility, a technology center, a data center, a shared services center, a distribution center, a capital-intensive manufacturer, and a labor-intensive manufacturer. Each
Kansas Tax Reform Passes: Outlier No More
May 4, 2021
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TweetShareSharePin0 Shares Legislators in Kansas have had enough of their state being a tax policy outlier. After three years of deliberations, more than two-thirds of members in both the Senate and the House enacted tax reform and relief legislation Monday over the veto of Gov. Laura Kelly (D). Senate Bill 50 puts the state on
