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TAX LAW NEWS - TAX LITIGATION
From the category archives:
What is IRS Wage Garnishment?
IRS wage garnishment occurs when you owe taxes and the IRS is no longer willing to wait to collect them. The IRS will deduct the taxes you owe from your paycheck, usually between 30 and 70 percent.
First, the IRS is going to send you a notice of past due taxes [...]
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Two tax provisions in the health-care bill voted on by the House Ways and Means Committee earlier this summer have gained significant attention. One would impose a surtax on high-income earners. The other would force individuals (or their employers) who do not have approved health-insurance plans to pay a tax penalty. But there are other [...]
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Sovereign Bancorp Inc. is suing the IRS to recover $235.2 million in taxes and penalties it says it was “erroneously and illegally’’ required to pay on a loan arrangement with Barclays Bank of England, according to a lawsuit filed Wednesday in US District Court in Boston.
The tax dispute arose from $1.2 billion in financing Sovereign [...]
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Tax penalties present taxpayers with unique issues to consider. Wilson v. Commissioner, T.C. Summary Opinion 2008-91, describes the situation where a tax attorney represents a taxpayer with a tax penalty that was imposed for a tax return prepared by the attorney’s firm. The issue that the case describes is the conflict of interest that the [...]
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Tax penalties present taxpayers with unique issues to consider. Wilson v. Commissioner, T.C. Summary Opinion 2008-91, describes the situation where a tax attorney represents a taxpayer with a tax penalty that was imposed for a tax return prepared by the attorney’s firm. The issue that the case describes is the conflict of interest that the [...]
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