ollowing the passage of the extenders legislation, the Internal Revenue Service announced it anticipates opening the 2015 filing season as scheduled in January. The IRS will begin accepting tax returns electronically on Jan. 20. Paper tax returns will begin processing at the same time. The decision follows Congress renewing a number of "extender" provisions of…
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Tax Cases To Watch In 2015?
According to Law360 -- The U.S. Supreme Court is poised to decide three weighty tax cases in 2015 that could implicate: How states assess income taxes, Whether taxpayers can challenge state tax reporting requirements in federal court, How discrimination is defined in federal tax statutes, As well as a high-profile transfer pricing case and 2 economic substance…
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Two Weeks To Benefit from the Recently Passed Tax Extenders Bill!
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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