TAXES Archive

Abusive CRATs and Maltese IRAs among ‘Dirty Dozen’ tax scams

TweetShareSharePin0 Shares The IRS on Wednesday began its annual “Dirty Dozen” series, warning of abusive tax transactions and scams, with four schemes the Service advised taxpayers to shun. The four arrangements the IRS described as potentially abusive “are very much on our enforcement radar screen,” a news release quoted IRS Commissioner Charles Rettig as saying.

Should Congress Raise Taxes To Fight Inflation?

TweetShareSharePin0 Shares In a Monday Wall Street Journal column (paywall), President Biden urged Congress to help fight inflation by raising tax rates on the very wealthy and using the money to reduce the deficit. Does that strategy make sense in today’s economic environment? At least in theory, raising taxes could ease inflation. But not necessarily

May 2022 Digest

TweetShareSharePin0 Shares Posts related to Boechler and its impact on pending and future cases continued to dominate PT’s coverage in May. The month’s coverage also included interesting and significant information from the ABA Tax Section Annual Meeting. The Ongoing Impact of Boechler: Pending Cases and Other Updates Boechler Challenge to Tax Court Position on IRC


TweetShareSharePin0 Shares Wealth From Equity 29 Seaforth Ave Woolooware NSW 2230 (02) 9523 9550 tax planning cronulla Posted by wealthfrome on 2011-10-28 02:13:24 Tagged: , tax , planning , cronulla TweetShareSharePin0 Shares

Consent to Extend the Statute of Limitations

TweetShareSharePin0 Shares In Evert v. Commissioner, T.C. Memo 2022-48, the Tax Court addressed a statute of limitations defense raised by petitioner.  Petitioner had signed a Form 872 consenting to the extension of the statute of limitations on assessment; however, she argued that she did so under duress which invalidated the consent.  For reasons discussed below,

Cigarette Taxes in the EU

TweetShareSharePin0 Shares To ensure the functioning of its internal market, the European Union (EU) sets a minimum excise duty on cigarettes. It consists of a specific component and an ad valorem component, resulting in a minimum overall excise duty of €1.80 (US $2.13) per 20-cigarette pack and 60 percent of an EU country’s weighted average retail

Tax Debt – A Critical Issue

TweetShareSharePin0 Shares Dealing with the tax debt is a paramount thing. Each year several individuals and companies fail as they fail in managing tax in an appropriate way. We are here to spread sorry and discomfort yet we cannot keep ourselves from telling the truth. Posted by Tax Debt Specialist on 2017-01-09 14:42:57 Tagged:

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