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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

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

Amway Business Did Not Operate For Profit Says United States Tax Court

  If you own and operate your own business, please read on. James and Robyn Hess operated an Amway business selling products directly to consumers and sponsoring other Amway distributors.  Mr. and Mrs. Hess attended Amway training functions and met…

July 26, 2016

IRS Auditors Need More Training

Roger Harris, Padgett Business Services President and Chief Operating Officer, provided testimony before a House Small Business subcommittee June 22, 2016, regarding the need for more training for IRS auditors.  He stated that franchise owners have experienced inconsistent quality in…

July 24, 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

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

Government Releases Information on Online Taxpayer Identity Theft

The IRS previously offered an online service called IRS Get Transcript Online where taxpayers could obtain their IRS transcripts of account.   The Treasury Inspector General for Tax Administration recently provided updated numbers regarding the victims of identity theft using…

June 27, 2016

Congressional Act Allows IRS to Provide Taxpayer Information to Law Enforcement Officials

The IRS is generally prohibited from sharing taxpayer information with others in order to protect taxpayer privacy and to maintain voluntary tax compliance with the tax system.  The prohibition about information-sharing may be about to change. The House recently approved…

June 07, 2016

IRS Increases User Fee Cost

For many years now, the IRS has charged a user fee to taxpayers depending on the type of services or relief that they are seeking.  The IRS has implemented user fees to offset budget cuts forced upon the IRS by…

June 01, 2016

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