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Tax Fans Tax Advise Center Archive

Are You Ready for Tax Day?

TweetShareSharePin0 SharesAre You Ready for Tax Day? Because deadlines are strict, and penalties will be given to late tax payments, you should make sure that you do not put off your “tax day.” You should definitely start preparing your income tax return well before April 15. Whether you are doing your own income tax return

More On The Implications of CIC Services

TweetShareSharePin0 Shares We are starting to see some fallout from last month’s CIC Services opinion. For example, Tax Notes’ Kristen Parillo discusses[$] Hancock Land Acquisitions v US , another microcaptive case. Parillo’s article explores the parties’ post CIC Services supplemental filings in a case where the taxpayer brought an action alleging that the IRS’s failure to refer its case

Industries That Constantly Define CNC Precision

TweetShareSharePin0 SharesIndustries That Constantly Define CNC Precision Since the dawn of the CNC (Computer Numerical Control) machines introduction in the machining sector, they have been praised for being accurate, fast, consistent and flexible. Although CNC machines are not totally independent, a lot of major industries depend on these wonder machines. Common CNC-dependent industries include the

Outsource – CPAs’ big decision for tax season

TweetShareSharePin0 SharesOutsource – CPAs’ big decision for tax season Outsourcing has been maligned for political reasons. The tremendous benefits of outsourcing to all, have been lost among the debates related to its so-called damage to the nation’s economy. Outsourcing has suffered because of its close association, in today’s world of internet, to offshoring. However, outsourcing

Accessing Information About Tax Services

TweetShareSharePin0 SharesAccessing Information About Tax Services The Federal, State, and local Governments have established a long list of publications to help taxpayers learn about the tax system. Businesses need access to a variety of tax services to perform daily business operations and these publications will teach small business owners how to fill out tax forms

Limitation on Issues Taxpayer Can Raise in Passport Case

TweetShareSharePin0 Shares The case of Shitrit v. Commissioner, T.C. Memo 2021-63 points out the limitations on raising issues other than the revocation of the passport when coming into the Tax Court under the jurisdiction of the passport provision.  Petitioner here tries to persuade the Tax Court to order the issuance of a refund but gets

Are You Overpaying Taxes If You Use Tax Preparation Software?

TweetShareSharePin22 SharesAre You Overpaying Taxes If You Use Tax Preparation Software? For many business owners the answer to this quandary is tax preparation software. Fill out a fairly simple interview, click “print” and out comes a completed return that will pass muster with the IRS. The answer to all your problems…or is it? Can One

IRC 7459(d) and the Impact of Dismissal

TweetShareSharePin0 Shares On May 20, 2021, the Court of Federal Claims decided the case of Jolly v. United States, Dk. No. 20-412.  Ms. Jolly pursued the case pro se.  The court lists the opinion as not for publication. The case involves a refund suit covering four tax years.  The court decided not to dismiss her

DAWSON Update and Example of Tax Court Policing

TweetShareSharePin0 Shares Carl Smith continues to probe the Tax Court docket sheet as he has done for many years but in his retired retirement, he finds working his way through DAWSON interesting as new features arrive unexpectedly to be discovered.  The latest new feature Carl has found is one about which those of us who
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