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Tax Fans Tax Advise Center Archive

Significant Changes in New Draft Form 8857

[ad_1] We welcome as her second visit to the blog my colleague in the tax clinic at the Legal Services Center of Harvard Law School, Audrey Patten.  Audrey has developed a significant docket of innocent spouse cases and is currently working with Christine to write the third edition of A Practitioner’s Guide to Innocent Spouse Relief. 

CNC Machining

CNC Machining Everything before this topic is preparation. CNC Machining is where the rubber meets the road. All the steps of CNC before machining are just preparing for the machining phase of the project. A simple definition of machining is removing material. You remove material in various ways to come up with the part or

“With every move he makes, another chance he takes”

[ad_1] Today we have the pleasure of looking at an IRC 6751(b) opinion written by Judge Holmes.  For long time readers of this blog, the link between Judge Holmes and Graev consequences of not following the statutory language requiring approval of the immediate supervisor are well known.  His warning of Chai ghouls continues to haunt

New portal for opting out of advance payments

[ad_1] The IRS has opened an online site to enable taxpayers to unenroll from receiving advance payments of the 2021 child tax credit (CTC). The new “Child Tax Credit Update Portal” allows parents to view their eligibility, view their expected CTC advance payments, and, if they wish to do so, unenroll from receiving advance payments

Anti Injunction Act Bars Motion for Protective Order

[ad_1] US v Meyer presents a somewhat unusual context for a court’s application of the Anti Injunction Act. Meyer stems from an injunction action due to allegations that Meyer promoted “an abusive tax scheme that result[ed] in scheme participants claiming unwarranted federal income tax deductions for bogus charitable contributions.” In 2018, the parties settled that suit

Getting Perspective on DAWSON

[ad_1] 0 Flares Filament.io Made with Flare More Info“> 0 Flares × Today guest blogger James Creech brings a series of articles to our attention which illuminate the Tax Court’s case management transition from a different point of view. Whatever your thoughts about DAWSON, considering the transition

The Seven Deadly Tax Sins

The Seven Deadly Tax Sins It’s that time again, the April 15 tax deadline is looming large. If youre like most people, you havent gathered all of your tax records, let alone filled your return. Before you dig in and get started, take this opportunity to first review a list of a few tax deductions

When To Shove People Out To Make Way For CNC

When To Shove People Out To Make Way For CNC The normal businessman’s mind is always geared towards profit, profit, profit. No matter how much the company spends, at the end of the day, the revenues should exceed the expenses (including tax). Although innovation is a major requirement to a business’ growth, many small-time businesses

Supreme Court lets health care law stand

[ad_1] The U.S. Supreme Court held on Thursday that several states and other plaintiffs that sued, asking the federal courts to declare unconstitutional the so-called individual mandate in the Patient Protection and Affordable Care Act (PPACA), P.L. 111-148, did not have standing to sue because they could not show that they had suffered or would