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TAX LAW NEWS - TAX LITIGATION
From the category archives:
The tax-filing deadline may be months away, but it’s not too early to start thinking about tax preparation.
There’s lots of help available for taxpayers, said Dan Boone, regional spokesman for the Internal Revenue Service. The official IRS Web site, www.irs.gov, includes IRS forms and publications and the latest tax tips and answers to frequently asked [...]
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By KEN MILANI AND CLAUDE RENSHAW
This week, TAX TALK looks at some tax law changes that were enacted this year and might have an effect on you when preparing your tax return. Ordinarily, reading about changes in the tax law would be as exciting as reading about the history of canned food, but there are [...]
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More American homebuyers will get tax relief thanks to changes made to the First-Time Homebuyer Credit. H&R Block (NYSE: HRB) advises the popular credit is now more accessible to existing homeowners and first-time homebuyers in three ways:
1. Through a tax credit worth up to $6,500 for existing homeowners in the
market for a new home.
2. Through [...]
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On its Web site, Talbots boldly says it offers clothing “to flatter women of all shapes and sizes.” But the preppy Massachusetts-based retailer just failed in its effort to hide something else: taxable income from its home-state taxman.
In a recent little-noticed opinion full of fascinating detail, the Massachusetts Appellate Tax Board said Talbots ( TLB [...]
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Sen. Olympia Snowe says Congress and the Obama Administration should take advantage of the recession and reform the nation’s tax code. Snowe says trying to comply with the overly complex tax laws is costly for individuals and businesses and their complexity is causing the nation to lose as much as $340 billion in uncollected taxes.
“We [...]
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Filing your taxes jointly can provide many benefits as you probably know, but sometimes it can create problems. Innocent spouse tax relief can fix problems your spouse or ex spouse created with your taxes.
When you are married and file a joint return together it means that both individuals are jointly and individually responsible for the [...]
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CTIA, the wireless association, is throwing its full support behind legislation to do away with a 20-year-old law that taxes personal use of employer-provided cellphones, it said Tuesday in comments to the Internal Revenue Service.
While waiting for Congress to act, CTIA said the IRS should “consider suspending all audit activity on the taxation of the [...]
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From the IRS:
A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt.
If you do not pay your taxes (or make arrangements to [...]
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The Direct Taxes Code is being suggested as a replacement to the Income Tax Act 1961. What is the idea behind replacing something that has been around for close to 50 years and what is the strategy behind the exercise?
Why a replacement?
The direct taxes code is being designed to be a replacement rather than an [...]
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A new law that fully exempts veterans who suffered severe disabilities during military service will not shake up local tax rolls.
Final certified home values issued Friday by the Lubbock Central Appraisal District reported only slight changes in the estimated total values of property the district published in May, before the proposal became law.
Governments, including school [...]
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