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Last week, the Tax Court remanded a collection due process case to the IRS Appeals Office for consideration of an offer in compromise (OIC) on the grounds that the IRS had failed to adequately consider whether the OIC promoted effective tax administration. Bogart v....
1. The CUIABIf you have received a tax assessment from the California Employment Development Department (EDD), you may be considering filing a petition to contest that assessment with the California Unemployment Insurance Appeals Board (CUIAB). The CUIAB is a...
The Internal Revenue Service today reminded people with home-based businesses that this year for the first time they can choose a new simplified option for claiming the deduction for business use of a home. In tax year 2011, the most recent year for which figures...
The following FATCA Forms and Instructions for 2014 are now available on the IRS.GOV Forms and Publications Website:Form 1042 Form 8966 Form W-8BEN Instructions to Form W-8BEN Form W-8ECI• Instructions to Form W-8ECIClick here to access IRS.GOV Forms and...
Today the U.S. Tax Court issued an interesting opinion which provides a chapter-by-chapter refutation of Peter Hendrickson's book "Cracking the Code: The Fascinating Truth About Taxation in America." Waltner v. Commissioner, T.C. Memo. 2014-35. Cracking the Code is...
Today the IRS released statistics today regarding individual income tax returns filed so far during the 2014 filing season, an update from statistics released last week. The statistics reflect that 31,308,000 returns filed so far in 2014 showed refunds, up from...
The IRS released its annual Criminal Investigation report today concerning fiscal year 2013. The Criminal Investigation Division initiated over 5,000 cases and recommended over 4,300 for prosecution; the conviction rate of those cases prosecuted was 93 percent. This...
Today the IRS issued the annual "Dirty Dozen" list of tax scams for 2014, in which the IRS compiles a variety of common scams that taxpayers can encounter. See IR-2014-16. The release notes that while taxpayers can encounter these scams at any point during the year,...
Today the Financial Crimes Enforcement Network (FinCEN) issued guidance for financial institutions who seek to provide services to marijuana-related businesses in light of recent state initiatives to legalize certain marijuana-related activities. See FIN-2014-G001. A...
On Tuesday the U.S. Court of Appeals for the District of Columbia Circuit found that the IRS had exceeded its statutory authority when it attempted to regulate tax return preparers. Loving v. Internal Revenue Service, No. 13-5061 (Feb. 11, 2014).The Secretary of the...
