Innovative Strategies For Tax Controversies, Business Structuring And Estate Planning
IRS Charges More For Installment Agreements The IRS has announced that effective Jan. 1, 2007, the following fees will increase: The fee for new direct debit installment agreements, where payments are deducted directly from a taxpayer’s bank account, will increase...
IRS Issues 2007 Mileage Rates The IRS issued the 2007 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning Jan. 1, 2007, the standard mileage rates for the use...
===========Question: I am interested in a franchise for WSI (Internet Consultants) They only offer non-exclusive territories to their franchisees. My first reaction is that this is not a good thing, but I could be wrong. I realize that this is in the franchisor’s...
Irwin Schiff, an antitax crusader, and an associate were found guilty on October 24, 2005 of multiple charges including conspiracy, tax evasion and tax fraud. Mr. Schiff, 77, who argues that paying taxes is voluntary, was handcuffed and led from United States District...
The New Jersey Supreme Court held on October 25 in a 4-3 decision that the state’s constitution requires that same-sex couples be granted the same legal rights as married heterosexual couples. However, the dissenters argued the majority didn’t go far enough in...
The new tax law requires an organization to meet the following new rules in addition to other non-profit legal requirements: Services – Must provide credit counseling services tailored to the specific needs and circumstances of the consumer; Loans – Cannot make loans...
A bill collector who cries wolf, making idle threats about how it could file lawsuits or refer a case to an attorney without intending to pursue either avenue, has more to worry about than not being taken seriously by debtors. According to the Philadelphia-based 3rd...
New Jersey may apply its corporation business tax notwithstanding a taxpayer’s lack of a physical presence in the state, according to the New Jersey Supreme Court. In a per curiam decision with national significance, the state high court held that the U.S. Supreme...
The federal government may not tax the money plaintiffs receive as compensation for emotional distress and other intangible injuries, a federal appeals court said Tuesday. The U.S. Court of Appeals for the D.C. Circuit struck down as unconstitutional a portion of the...
Like most laws containing tax provisions, the title of the newly passed Pension Protection Act of 2006 only tells part of the story. The legislation, which President Bush signed on August 17, 2006, does contain numerous provisions involving pension plans, but it also...
