Tax Law Blog | IRS Tax Attorneys
TAX LAW NEWS - TAX LITIGATION
From the monthly archives:
WASHINGTON — The Internal Revenue Service is encouraging business taxpayers, associations and other interested parties to submit to the Industry Issue Resolution (IIR) program tax issues for resolution involving a controversy, a dispute or an unnecessary burden on business taxpayers.
The objective of the IIR program is to resolve business tax issues [...]
{ 0 comments }
NEW DELHI: The Union Cabinet on Thursday approved a new set of direct tax rules that proposes to raise income tax exemption limit from 1.6 lakh to 2 lakh, leaving more money in the hands of individuals, and a lower tax rate for companies.
The much-awaited Direct Taxes Code, or DTC, Bill, which seeks to replace [...]
{ 0 comments }
The Supreme Court’s decision this year in Citizens United, which lifted campaign spending restrictions for companies and interest groups, has indirectly thrust the Internal Revenue Service into the more prominent role of overseeing those expenditures.
The ruling largely tied the hands of the Federal Election Commission to force companies or groups that are funding political or [...]
{ 0 comments }
The Ugandan government is planning to amend its Income Tax law to enable it to tax profits from oil production slated to start in the next couple of years, government officials said Wednesday.
Uganda’s minister of state for finance, Fred Omach, tabled the 2010 Income Tax Amendment Bill in parliament Tuesday, and the new bill requires [...]
{ 0 comments }
More than 150 local nonprofits, including popular charities, volunteer fire departments, Knights of Columbus and American Legion groups, will have their tax-exempt status revoked in October if they don’t file a tax form with the Internal Revenue Service.
That’s because the Pension Protection Act of 2006 requires even the smallest nonprofit groups to have filed a [...]
{ 0 comments }
he state’s nonpartisan budget analyst testified Wednesday that a revenue-raising plan proposed by legislative Democrats would result in a net tax increase for most taxpayers with incomes from $20,000 to $200,000 a year, but joined other experts in praising the idea of changing state tax policy to take better advantage of federal tax law.
The plan [...]
{ 0 comments }
WASHINGTON — The Internal Revenue Service today announced that starting with next year’s tax filing season it will no longer provide tax preparers and associated financial institutions with the “debt indicator,” which is used to facilitate refund anticipation loans (RALs).
“As we prepare for tax season every year, we look at past practices and consider whether [...]
{ 0 comments }
Aug 05, 2010 (The Sedalia Democrat – McClatchy-Tribune Information Services via COMTEX) — Shoppers will be out in full force this weekend purchasing school related items as Pettis County participates in the statewide Back to School Sales Tax Holiday.
Beginning at 12:01 a.m. Friday, shoppers can stock up on school supplies, computers and clothing that will [...]
{ 0 comments }
WASHINGTON — The Internal Revenue Service today released proposed regulations that would establish a fee for individuals who apply for a preparer tax identification number (PTIN). Proposed regulations that were issued in March would require certain tax return preparers to obtain a PTIN. The IRS is working to finalize those proposed regulations, which are the [...]
{ 0 comments }
