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TAX LAW NEWS - TAX LITIGATION
From the monthly archives:
The Internal Revenue Service today issued proposed regulations allowing the IRS to require that tax return preparers use Preparer Tax Identification Numbers (PTINs) as the preparer’s identifying number on all tax returns and tax refund claims that they prepare. These regulations when final will implement some of the recommendations in Publication 4832, Return Preparer Review.
“These [...]
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First-time home buyers will be eligible for a $10,000 tax credit under legislation signed this week by Gov. Arnold Schwarzenegger (R-Calif.)
The governor believes there is historical evidence from the San Joaquin Valley that suggests the tax credit could stimulate the economy.
“La Ventana Homes (in Fresno) saw a 300-percent increase in sales when the tax credit [...]
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Central Valley real estate agent Donny Piwowarski last year sold his four-bedroom, 3,500-square-foot house on a half-acre in Tracy for $387,000 — which was $378,000 less than he had paid for it in 2005. Now with tax-filing season here, his situation gets grimmer. If California tax law doesn’t change, Piwowarski may owe tens of thousands [...]
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WASHINGTON — The IRS announced today that Internal Revenue Service offices will be open, nationwide, on Saturday, March 27 from 9 a.m. to 2 p.m., local time to help taxpayers. The location of participating offices is listed on IRS.gov.
“We are holding these special open houses to give taxpayers who are struggling in these difficult economic [...]
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More and more Canadians are earning tidy sums playing poker on off-shore poker websites. They often practise incessantly, refine their skills using coaches and software programs, and participate in online forums dedicated to strategy. Many of these players spend 30 hours a week online playing against opponents from around the world.
At this time of year, [...]
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Vice President Joe Biden said deductions and credits enacted with stimulus legislation have helped push average refunds from the 2009 tax year up almost 10 percent, or $266 per household.
Biden, Treasury Secretary Timothy F. Geithner and Internal Revenue Service Commissioner Douglas Shulman today highlighted the stimulus measure provisions to remind taxpayers they still have time [...]
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ATHENS, Greece — Greek unemployment rose to 10.3 percent in the fourth quarter of 2009, the country’s statistics agency said Thursday — the highest since 2005 and the largest jump in 11 years.
Unemployment had stood at 7.9 percent in the fourth quarter of the previous year, the statistics agency said. This quarter’s rate is the [...]
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Louisiana’s Supreme Court said Tuesday that several interstate gas pipeline companies have failed to prove a state tax law unconstitutional, a decision a lawyer for state tax assessors said eventually could free about $70 million in taxes the companies paid under protest.
The companies challenged state law that subjects them to taxes on property assessed at [...]
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State tax grab efforts more and more are pitting governments against big Internet retailers.
Who gets forgotten, though, are the little guys and gals making a go at the American dream by running small retail businesses from their garages or Internet businesses from spare bedrooms.
Laws like the one passed recently in Colorado apply to all — [...]
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The Internal Revenue Service today announced several additional steps it is taking this tax season to help people having difficulties meeting their tax obligations because of unemployment or other financial problems.
The steps –– an expansion of efforts that began more than a year ago –– include additional flexibility on offers in compromise for struggling taxpayers, [...]
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