A bankruptcy court holds that the taxpayers’ return was an honest and reasonable attempt to comply with the tax law.
Catherine Tindall is the founder of Dominion Enterprise Services. She specializes in advanced tax reduction and works with customers to help them save money on taxes while advancing their wealth-building and life goals. She is enthusiastic about helping clients reduce their overall tax burden through proactive strategies and advising.
The U.S. Supreme Court held that the Sec. 6330(d)(1) 30-day time limit to file a petition with the Tax Court after a Collection Due Process hearing determination is not a jurisdictional requirement. The Tax Court’s jurisdiction is conditioned on the petition’s filing and not its timeliness.
IRS blames old tech in destruction of information returns ... IRS audit rates decreased most for wealthy, GAO finds ... Staffing shortages, backlog hampered IRS in 2022 filing season, TIGTA says ... Inflation boosts HSA amounts for 2023 ... Helping build a better tax system (podcast)
The IRS also has posted general Superfund FAQs and tax rates for some chemical substances subject to the recently reinstated excise tax.
Administrative expenses and claims against estates allowable under Sec. 2053 beyond a three-year grace period would be discounted for current deduction, under proposed rules issued by the IRS.
Nonresident alien amended returns and those for Puerto Rico residents are added; superseding returns can be designated.
In her Objectives Report to Congress for fiscal 2023, National Taxpayer Advocate Erin Collins describes steps the IRS can take to improve its return and correspondence processing and telephone service to taxpayers.
By agreeing to hear a Romanian-born businessperson’s appeal, the Supreme Court will address a circuit split over how to stack maximum penalties for multiple nonwillful civil violations for failure to file the FBAR.
The IRS deploys more AI-powered phone abilities, enabling taxpayers calling the Service to authenticate their identifies and arrange to pay tax liabilities.
Small business owners describe scrambling to comply with varying sales tax compliance rules across a welter of jurisdictions.
EY’s Tony Nitti, CPA, shares a preview of general business update topics before his presentation at ENGAGE.
The US Government Accountability Office’s 25 top to-do items for IRS tax administration focus on service, tax fraud, cybersecurity, information reporting, audits and staffing.
Last week’s bump was the third midyear increase in the past 14 years, and it came after members of Congress wrote to the IRS about rising fuel prices.
The IRS highlights additional abusive taxpayer arrangements and tactics as its annual “Dirty Dozen” series ends.
Certain tax services do not violate US ban on provision of accounting services in relation to Russia sanctions
A document issued Thursday by Treasury offers clarity related to, for example, tax and management consulting services that would not be prohibited by the U.S. sanctions announced last month.
Acknowledging recent sharp increases in gasoline prices, the IRS announced a rare midyear increase in the standard mileage rate, starting July 1.
Emails appearing to come from the IRS or a tax software provider may aim to steal tax return preparers’ account and client information.
The IRS’s annual series continues with caveats about fake communications intended to bilk taxpayers out of their tax and financial information.
Sketchy operations target tax debtors for offers in compromise, and preparers who remain anonymous on returns generally have something to hide, the IRS says in its ongoing series.