Married Couple Improperly Deducted Self-Employment Tax

In a recent case before the United States Tax Court, a married couple who improperly deducted one-half of their alleged self-employment tax for two years was denied this deduction.  The husband was a Certified Public Accountant who ran an accounting…

August 14, 2020

2016 Democratic Party Platform Proposes Raising Taxes and Setting up New Entitlement Programs

  The 2016 Democratic Party platform revealed its position on tax policy which, in part, addresses income equality and tax fairness. However, it brings with it tax increases and new entitlement programs. Although the Democrats promise to keep the national…

August 10, 2016

Can the Tax Code Help Fight Obesity?

Can the tax code help fight obesity and diabetes by not giving tax breaks to businesses that market junk food to children? At least one U.S. Representative thinks so. Rep. Rosa L. DeLauro, D-Conn., recently co-sponsored the Stop Subsidizing Childhood Obesity…

August 10, 2016

Ex-Attorney Held Liable for the Fraud Penalty

In a recent Tax Court case, a convicted and disbarred attorney was held liable for the fraud penalty.  Further, his ex-wife’s Request for Innocent Spouse Relief was also denied. In the case of Jack R. Durland, Jr., et al. v….

August 02, 2016

Republican Party Platform Calls for the IRS to be Abolished

On July 18, 2016, the Republican Party platform was adopted by the Republican National Convention which included the following: Simplifying the tax code and reducing corporate tax rates, a recurring Republican goal If the tax code is simplified, “the IRS…

July 31, 2016

If Elected, Trump Plans Massive Tax Reform

In a speech made at one of Drumpf’s hotels in New York City on June 22, 2016, presumptive Republican presidential nominee Donald Drumpf promised “massive tax reform” in the first 100 days of his administration, if elected.  Drumpf stated that…

July 28, 2016

Business Deductions Disallowed For Lack of Proof

If you are a business owner with business expenses, you must keep accurate records of your business income and business expenses in order to claim them on your tax returns. In a recent case before the United States Tax Court,…

July 18, 2016

IRS Allowed to Take Enforced Collection Action Against a Taxpayer

If the IRS disagrees with a position that you took on a tax return, and if this issue cannot be amicably settled or if you do not respond, the IRS will issue a document called a Notice of Deficiency.  A…

July 16, 2016

Proposed Legislation Will Adjust Estimated Tax Payment Deadlines

If you are self-employed, you are required to make estimated tax payments to the IRS on a quarterly basis.  However, the dates are not exactly quarterly.   Currently, estimated tax payments are due on April 15, June 15, September 15…

July 14, 2016

IRS Won’t Abate Frivolous Position Penalty for Mental Incompetence

An individual suffering from mental incompetence filed a tax return stating that he is a private governmental entity and not subject to taxation.  He also stated that the levy placed by the IRS on his disability pension payments violates due…

July 01, 2016

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