This past Friday, December 19, 2014, President Obama signed into law the Tax Increase Prevention Act of 2014 (HR 5771) which passed the the Senate on December 16th, 2014, that retroactively extended certain tax incentives which had expired on December 31, 2013 for one year. Individual Tax Extenders: Research and experimentation credit; 50% first-year bonus depreciation;…
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The IRS Is Barred from Collection Procedures Where an Installment Agreement Exists – Tax Court
Procedurally Taxing has a post Appeals Fumbles CDP Case and Resulting Resolution Demonstrates Power of Installment Agreement which analyzes the recent Tax Court decision Jurate Antioco v. Comm. TC Memo. 2013-35 dated November 17, 2014; where the Tax Court brought to an end the Collection Due Process (CDP) case of Jurata Antioco. The order also grants…
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Court Authorizes IRS to Issue Summonses For Records of U.S. Taxpayers Who Used Sovereign Management & Legal Ltd. to Conceal Offshore Accounts, Assets or Entities
On December 19, 2014 the DoJ announced that U.S. District Judge Vernon S. Broderick entered an order on December 18, 2014 authorizing the IRS to issue summonses requiring: Federal Express Corporation, doing business as FedEx Express, FedEx Ground Package System Inc., aka FedEx Ground, DHL Express (DHL), United Parcel Service Inc. (UPS), Western Union Financial…
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