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Why Does An Economist Want To Raise Taxes To 70% – 80% (Using Celebrities And Athletes To Do So)
By TaxConnections AdminThere is a Master Class being marketed to new generations of students online. This course teaches students they should rely on the government to take care of people; and raise taxes to 70% to 80%. […]IRS Updated Revenue Procedure For Reducing Or Avoiding Understatement Penalties And Tax Return Preparer Penalties
By Ryan DeanRecently, the IRS issued Revenue Procedure 2020-54, which updated Revenue Procedure 2019-42. Specifically, this new Revenue Procedure identifies circumstances under which the taxpayer makes an […]Federal Tax Guidance Considerations (No Time For Public Comment Was Provided)
By Annette NellenTo help figure out all of the COVID-19 tax law changes enacted since March 2020, we have seen a variety of guidance from the IRS. This includes FAQs and some items just posted to an IRS website. […]Tax Professional Alert: Protecting The Rights Of Taxpayers Who Rely On IRS Frequently Asked Questions
By National Taxpayer AdvocateConsider this: In the course of preparing your federal income tax return, you are wondering whether a particular expense is deductible. You go to the IRS website and find a “Frequently Asked […]Tax Court Denies Award In Recent Whistleblower Tax Case
By Jason FreemanKennedy v. Comm’r, T.C. Memo. 2021-3 | January 12, 2021 | Copeland, E. | Dkt. No. 5687-17W Opinion Short Summary: Petitioner appealed, pursuant to § 7623(b)(4), three determinations of the […]
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