Analysis: How the IRS decides who to auditJUAN WILLIAMS
Under the updated guidance, if an LLC is treated as a partnership, the person authorized to sign a POA submitted to the IRS on its behalf depends upon whether the tax item at issue is determined at the partner or partnership level, whether the tax item is subject to...
One of the most gut-tightening phrases for taxpayers is "IRS audit," but years of underfunding and a decline in staffing at the tax agency have pushed the audit rate to adecade-long low. That could soon change under theInflation Reduction Act, the bill that proposes to give $80 billion ...
Occupancy taxes typically apply to short-term lodging rentals, and go by many names, such as hotel tax, hotel/motel tax, lodging tax and transient room tax. The laws that impose these taxes typically define the length of stay subject to the tax. In California, for example, transie...
Supreme Court held that statutory interpretation is a judicial function and that courts may not defer to an agency’s interpretation merely because a statute is unclear, calling into question all of the IRS’s tax guidance. A continuation of Chevron. Obama tells allies to quit wokeism after ...
specifically tax evasion. After all, tax evasionaccording to the IRS“involves some affirmative act to evade or defeat a tax, or payment of tax.” Not knowing how to file a tax return, or even the necessity of filing a tax return in the first place, doesn’t sound like an affirmative ...
I've heard about the IRS fresh start program (offer in compromise tax settlement) - what is that exactly? Does Ohio have one too? What other options are there if I owe back tax? I'm under audit by the IRS or the State of Ohio. Can you help me?
I've heard about the IRS fresh start program (offer in compromise tax settlement) - what is that exactly? Does Ohio have one too? What other options are there if I owe back tax? I'm under audit by the IRS or the State of Ohio. Can you help me?
“Anyone still dumb enough to pay Jewish income taxes should examine the back of his canceled check to the IRS. It will say, ‘Pay to the order of the Federal Reserve Bank of New York.’ Why do you suppose it doesn’t designate the IRS or Treasury Department? Why does your tax money...
Tax Amnesty The Dangers OfDefanging The IRS Seeking revenue to help fill a gaping budget hole, officials in New Jersey two years ago made an offer to tax cheats: Those who owed could come dean and pay up, with no penalties and no questions asked. The state's tax authorities initia......