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TAX LAW NEWS - TAX LITIGATION
From the monthly archives:
Ever make a personal call on your company cell phone? Did you record the value of that call as taxable income, as required by law?
Join the club, but don’t worry. President Barack Obama will propose repealing the widely ignored requirement as part of his 2011 budget plan, a Treasury Department official said Saturday.
The administration made [...]
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People who give to charities providing earthquake relief in Haiti can claim these donations on the tax return they are completing this season, according to the Internal Revenue Service.
Taxpayers who itemize deductions on their 2009 return qualify for this special tax relief provision, enacted Jan. 22. Only cash contributions made to these charities after Jan. [...]
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Some tax law is going to make me rich? What is this stupidity?
It’s not stupidity at all. For a long time the Roth IRA rules —
Aaah. The Roth IRA. I hate that thing. You know that between the royalties on my invention and the dividends on those stocks you told me to buy like Waste [...]
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Several new tax laws could mean more money in your pocket this year.
“We spend the entire off season studying the new tax law updates and all the things that are coming down the pole,” said Jackson Hewitt Tax Service franchise owner, David Elkins. “It’s really been extended to include more people, to benefit more people [...]
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Get ready to dig a little deeper, Cook County homeowners.
Under a new state law, you’ll be forced to pay slightly more of your property tax bill up front so county agencies, municipalities, school districts and other local governments can improve their bottom lines.
The so-called “accelerated billing” law — which sailed quietly through the General Assembly [...]
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Our next tax trivia question for the giveaway is:
In 2008, the IRS began releasing rebate checks as part of President Bush’s stimulus package. The original version of the stimulus capped the number of children who could be claimed for purposes of the rebate checks at 3. When the package was finalized, what was the cap [...]
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Few places have felt the twin challenges presented by Oregon’s broken state budget and its knotted tax system the way this old farm town has.
acing $3 million in state cuts and no way to raise money, the school district here cut back to a four-day week last fall. Teachers cram in curriculum. Parents juggle child [...]
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IN the digital age, filing income tax returns should be a snap. The important data from employers and financial institutions have already been sent to the government’s computers. Yet taxpayers are still required to perform the anachronistic chore of preparing a return from scratch. And, in many cases, they pay a software company for the [...]
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Residents facing hardships during the recession could find a little financial relief through a number of tax law changes this year, according to local accountants.
A number of new credits and expanded deductions could translate into tax savings for families, students, homeowners and vehicle buyers.
Taxpayers with three or more children and married couples may be able [...]
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The Internal Revenue Service has appointed tax attorney Michael Danilack as deputy commissioner (international) of the IRS’s Large and Mid-Size Business Division.
Danilack comes to the IRS from the Washington, D.C., office of Burt, Staples and Maner LLP, a law firm that specializes in international tax law. Prior to that, he worked as a principal at [...]
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