TAX
Jump to: Appeals | Audits | Collection Matters | Payroll Tax | Penalties | Tax | Tax Preparation | Misc
Featured Tax Articles
Next Filing Season Will Be Better: Due Dates Have a New Logical Order
As practitioners get ready for the 2017 filing season, there is hope that next year will be better. That is because the 2017 filing season will involve new due dates, a result of years of advocacy by the profession.
How a Credit is not the Same as a Refund
On April 4, 2018, the Eleventh Circuit ruled in Schuster v. Commissioner that a credit applied to a taxpayer’s account is not the same thing as a refund. This was bad news for the taxpayer. Sometimes the IRS messes up when it applies payments, and mistakenly gives the taxpayer an account credit or a refund that the taxpayer did not deserve…
All Tax Articles
Federal spending bill includes tax provisions
The Consolidated Appropriations Act, 2018, H.R. 1625, which is the $1.3 trillion spending bill that Congress passed on Friday, contains a few tax-related provisions, including funding for the IRS and technical corrections to various recent pieces of tax legislation. It also amends the centralized partnership audit regime and changes the Sec.
TaxProf Blog: Lesson From The Tax Court: The Turbo-Tax Defense
Despite the adage “ignorance of the law is no excuse,” the Tax Court issued an opinion last week suggesting that sometimes ignorance of the tax law can indeed be an excuse, at least to escape the §6662 accuracy-related penalties. In Karl F. Simonsen and Christina M. Simonsen v. Commissioner, 150…
When IRS Can Collect Taxes From You Owed By Someone Else
It seems bad enough that you have to pay your owntaxes, let alone someone else’s. But it can happen. The IRS sometimes comes after one taxpayer to collect the tax liability of someone else. How is this possible, you might wonder? The answer is “transferee liability,” a concept embodied in Section 6901 of the tax code.