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TAXES Archive

Effect of Bankruptcy Confirmation on Tax Liability

TweetShareSharePin0 Shares In Wathen v. Commissioner, TC Memo 2021-100 the taxpayer argued that the confirmation of his chapter 13 plan precluded the IRS from subsequently pursuing a deficiency case for periods not included in the plan.  Petitioner represented himself in this case which brings its own limitations on the understanding of procedure.  This was his

Tax Time

TweetShareSharePin0 Shares Waverley Main Floor, February 2010 Posted by TBPL on 2010-02-10 13:50:46 Tagged: , tax , time TweetShareSharePin0 Shares

IRS issues inflation adjustments for 2022 returns

TweetShareSharePin0 Shares News PROCEDURE & ADMINISTRATION By Paul Bonner The IRS issued Rev. Proc. 2021-45 Wednesday, adjusting for inflation a wide array of amounts applicable to the 2022 tax year for use with individual, business, and estate and trust returns and related tax issues. Amounts under 62 Code sections are updated. The IRS also

Tax Time

TweetShareSharePin0 Shares Waverley Main Floor, February 2010 Posted by TBPL on 2010-02-10 13:51:21 Tagged: , tax , time TweetShareSharePin0 Shares

Passport Revocation Cases Part 2

TweetShareSharePin0 Shares Yesterday, I discussed two recent passport revocation cases, United States v. Hupp and Franklin v. United States. Today, I look at Tenth Circuit and Tax Court cases involving similar issues decided earlier this year. Rowen The Tax Court decision in Rowen v. Commissioner, 156 T.C. No. 8 (2021) addresses the constitutionality of the

Taxing times

TweetShareSharePin0 Shares Filling out my income tax forms with help from Stella Posted by christians photos on 2009-03-02 23:27:53 Tagged: , Apartment , tax TweetShareSharePin0 Shares

Tax treatment of COVID-19 homeowner relief payments clarified

TweetShareSharePin0 Shares Homeowners who receive or benefit from payments from a federal homeowner assistance fund were given an optional IRS safe harbor Monday for computing their itemized deductions for mortgage interest and real property taxes. The guidance, in Rev. Proc. 2021-47, is intended to allow taxpayers to compute their itemized deductions for mortgage interest and

Passport Revocation Cases Part 1

TweetShareSharePin0 Shares We are in the process of the three times a year exercise of updating the Saltzman and Book treatise “IRS Practice and Procedure.”  As we have mentioned previously, the blog started primarily because we must stay on top of procedural cases in order to update the treatise.  Sometimes the blogging of cases informs
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