TAXES Archive
Rare Discharge in Bankruptcy for Taxpayers with a Return Filed After an SFR Assessment
May 6, 2022
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TweetShareSharePin0 Shares We welcome back guest blogger Ken Weil. Ken is one of the top national experts on the intersection of personal bankruptcy and taxation, and today we are fortunate to publish his analysis of an unusual loss for the government on the issue of dischargeability following a substitute for return assessment. Keith covered a
taxes_of_gdp
May 6, 2022
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TweetShareSharePin0 Shares Total U.S. taxes as a percentage of GDP. Posted by furiousjethro on 2010-04-08 19:07:39 Tagged: , GDP , Taxes TweetShareSharePin0 Shares
Staffing shortages, backlog hampered IRS in 2022 filing season, TIGTA says
May 5, 2022
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TweetShareSharePin0 Shares Continued personnel shortages and a growing backlog of some returns significantly impeded the IRS’s performance during the 2022 income tax filing season that ended last month, the Treasury Inspector General for Tax Administration (TIGTA) reported in a preliminary audit. The report, Interim Results of the 2022 Filing Season (Rep’t No. 2022-40-035), dated May
The Elephant in The Room: The Gap Between Federal Retiree Benefits and Taxes Paid
May 5, 2022
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TweetShareSharePin0 Shares President Trump was afraid to tackle the dominant set of spending and tax issues facing the federal government. Ditto, so far, for President Biden. Under current law, the Social Security and Medicare trust funds that pay out crucial benefits to retirees will go insolvent by roughly 2034 and 2026, respectively, triggering large mandatory
Default Judgment
May 5, 2022
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A recent case in which the defendants lost for not responding to a suit filed against them by the IRS caught my eye. Default judgments are a dime a dozen but this one involved an injunction against
Tax-Xbiex
May 5, 2022
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TweetShareSharePin0 Shares Part of Yacht Marina Posted by caseyjoe on 2007-03-17 09:57:20 Tagged: , Tax-Xbiex TweetShareSharePin0 Shares
Join the Center for Taxpayer Rights for a Celebration of Keith Fogg’s Career on the Occasion of his Retirement
May 4, 2022
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TweetShareSharePin0 Shares Readers of Procedurally Taxing know how vital Keith Fogg’s analyses and commentary is to improving the state of tax procedure and administration in the United States. One only has to read his most recent series of posts about the Boechler case here and here and here and here and here to realize that
Income tax slabs
May 4, 2022
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TweetShareSharePin0 Shares www.iciciprulife.com/insurance-library/income-tax/income-… Posted by smithshah9876 on 2019-02-27 10:19:03 Tagged: , income , tax , slabs TweetShareSharePin0 Shares
What’s Happening in Myers and Whistleblower Cases After the Decision the Statute is a Claims Processing Rule
May 4, 2022
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TweetShareSharePin0 Shares In 2019 the D.C. Circuit held in Myers v. Commissioner, 928 F.3d 1025, that the language creating the Tax Court’s basis for jurisdiction to hear whistleblower cases did not create a jurisdictional filing deadline. It also held the time period subject to equitable tolling. So, can the subsequent history of Myers provide insight
Energy Taxes And Electric Vehicles
May 4, 2022
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TweetShareSharePin0 Shares Did Joe Manchin just justify a carbon tax? Sen. Joe Manchin called tax credits for electric vehicles “ludicrous” but by doing so, did he offer a powerful defense of a carbon tax? TPC Howard Gleckman writes he may have, if only inadvertently. While Manchin is right that tax credits would do little to encourage
