Tax Law Blog | IRS Tax Attorneys
TAX LAW NEWS - TAX LITIGATION
From the monthly archives:
If you haven’t yet filed a tax return to get your stimulus payment, you still have time to do so. But you must file by Oct. 15 to get your payment this year. And if you’ve already filed to get your payment but have a question or issue, it might be addressed here.
Find the Answer
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Jason Quinn (J.D. 2009, George Mason) has published Comment, Being Punished for Obeying the Rules: Corporate Tax Planning and the Overly Broad Economic Substance Doctrine, 15 Geo. Mason L. Rev. 1041 (2008). Here is the Conclusion:
As the use of prepackaged corporate tax planning has wound its way through the judicial system, the appellate bias against [...]
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Ruth Mason (UConn) has posted Efficient Management of the Wealth of Nations, 120 Tax Notes ___ (2008), on SSRN. Here is the abstract:
This comment considers arguments for and against stricter regulation of sovereign wealth funds (SWFs), either by tightening securities laws or increasing the tax burden on SWFs. Concerns about SWFs fall into two broad [...]
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If your tax bric-a-brac tastes are more low-brow than yesterday’s Form 1040 Puzzle, you can bid on your very own roll of Form 1040 toilet paper:
Does it pain you to fill out a tax form each year? Does knowing that the IRS takes a large chunk of your salary give you the runs? This product [...]
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There are various options for payment of an outstanding federal income tax liability. Since your balance is subject to interest and monthly late payment penalty, it is in your best interest to pay in full as soon as you can to minimize the additional charges. Penalties are also assessed for failure to file a tax [...]
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You may not have filed your federal income tax return for this year or previous years. Regardless of your reason for not filing, file your tax return as soon as possible.
If your return was not filed by the due date (including extensions), you may be subject to the failure to file penalty, unless you have [...]
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How can I correct the spelling of my name with IRS?
The name on the refund check is spelled the way it appears on your tax return. If the address label you receive is spelled wrong, do not use the label. Instead, print the information on the tax return. You can also call (800) 829-1040 and [...]
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How can someone steal your identity? Identity theft occurs when someone uses your personal information such as your name, Social Security number, or other identifying information, without your permission, to commit fraud or other crimes.
Identity theft is a serious crime. People whose identities have been stolen can spend months or years – and their hard-earned [...]
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Gambling winnings are fully taxable and must be reported on your tax return. You must file Form 1040 (PDF) and include all of your winnings. Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse races, and casinos. It includes cash winnings and also the fair market value of prizes such as [...]
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The IRS has an appeals system for people who do not agree with the results of an examination of their tax returns or with other adjustments to their tax liability.
The IRS will send you a report and/or letter that explains the proposed adjustments. The letter also tells you of your right to request a conference [...]
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