While it may seem unpatriotic to some, you are only required to pay the minimum amount of tax you owe under the tax laws. Judge Learned Hand wrote in an oft-quoted tax case, “Anyone may […]
With the majority of personal tax returns now filed, how did the IRS do compared to the prior tax year? Well, here are a few statistics just published by the IRS (processing dates are […]
The US is unique in its view that citizens should pay tax on money they earn anywhere in the world, even if they don’t live in the US. Most countries either tax their citizens […]
Valuing a piece of property where there is not a readily available market price available can be difficult. And issue may arises when you make a gift of this property to a loved one […]
Recently the IRS issued an updated advisory on the importance of maintaining and safeguarding tax records. The release was timed to coincide with the start of hurricane season. While not everyone lives in a […]
The IRS has clarified its rules regarding when an IRS contractor may receive material on behalf of the IRS that was produced in response to an IRS summons. The IRS has amended its […]
A recent ruling from the 9th Circuit Bankruptcy Appellate Panel has clarified an ambiguity in the bankruptcy code by clarifying that property inherited more than 180 days after the filing of a Chapter 13 […]
From biblical times until now, the tax man was synonymous with the bad man – someone to fear, and on occasion, to hate. The IRS, our modern day version of the tax man, fits […]
The IRS has recently encouraged small employers who provide health insurance to their employees to use the Small Business Health Care Tax Credit. The credit was included in the Affordable Healthcare Act of 2010. […]
In time for its wave of letters and inquires resulting from the 2014 filing season, the Taxpayer Advocacy Service of the IRS has issued a revised Taxpayer Bill of Rights. The effort is made […]