Innovative Strategies For Tax Controversies, Business Structuring And Estate Planning
IRS temporarily stops mailing some automated collection notices Note: The IRS is not mailing some normal notices to Taxpayers and their tax lawyer because the IRS is behind in processing millions of original and amended tax returns. This problem started in 2020...
Rev Rul 2016-20 The Applicable Federal Rates for September 2016 are reproduced below. Table 1 Applicable Federal Rates (AFR) for September 2016 Period for Compounding Annual Semiannual Quarterly Monthly Short-Term AFR .61% .61% .61% .61% 110% AFR .67% .67% .67% .67%...
Talk about beating a dead horse! Yes, that is the IRS position before the courts as to why it can regulate and control tax return preparers. The district court properly struck down the IRS attempt to control tax preparers as being outside its authority under law....
The head of the exempt organizations operation of the IRS has invoked her Fifth Amendment privilege not to testify before Congress. After giving a several minutes statement saying she was “not guilty of violating IRS rules and regulations.”, Lois Lerner then declared...
Congress refused for over a decade to make the Estate and Gift Tax law changes. They only passed a last-minute 2 year extension in December. The Internal Revenue Code was last overhauled in 1986 in the Reagan era attempt toward simplification. Since then, more than...
