The U.S. Supreme Court denied review on Jan. 17 of the court of appeals ruling that a Michigan woman who did not owe unpaid taxes to the United States but owned a home with her tax delinquent husband as tenants by the entirety could not prevent the government from selling the property in a tax lien foreclosure (Barczyk…
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Florida Poised to Pass an Internet Sales Tax?
According to an estimate by the National Conference of State Legislatures, Florida is projected to lose more than $1.4 billion in revenue in 2012 due to the online sales tax loophole. Florida policymakers are considering an “e-tax” law. If any of the pending online sales tax bills make their way through the redistricting-focused legislative session…
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IRS Recently Revised Form 2848 – Power of Attorney
The IRS recently revised Form 2848, Power of Attorney and Declaration of Representative, and instructions. While the instructions to the revised form do not preclude using the prior version of the form, it is recommended that Tax professionals familiarize themselves with the revised form and begin using it. Notable changes to Form 2848 include: Part…
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Groupons…anotheir State Sales Tax Headache
The Groupon and other online voucher sites have created some interesting tax consequences. How much is the sales price and who should pay it? Florida seems to have taken the position that the merchant is responsible for tax on the original price of the goods the purchaser of the voucher is entitled to receive. As…
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