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taxgirl

taxgirl

Covers corporate, non-profit, estates, individual or international
taxes. By Kelly Erb.

http://www.taxgirl.com
  • Feb 08

    Hollywood's Tax Bill

    Hollywood's Tax Bill
    Vanity Fair has released its list of the top 40 Hollywood earners in
    2009. CNN has the entire list but here's a peek at the top 10: Michael
    Bay, producer-director ($125 million) Steven Spielberg,
    producer-director ($85 million) Roland Emmerich, producer-director
    ($70 million) James Cameron, producer-director ($50 million) Todd
    Phillips, director ($44 million) - no relation, sadly Daniel
    Radcliffe, actor ($41 million) Ben Stiller, actor ($40 million) Tom
    Hanks, actor ($36 million) J. J. Abrams, Posted on Monday, February 8, 2010 at 1:26 pm
  • Feb 08

    Gambing on Super Bowl XLIV

    Gambing on Super Bowl XLIV
    If you base it on the amount of screaming and jumping in my house
    alone, the most exciting moment in tonight's Super Bowl coverage was
    Carrie Underwood singing the national anthem. But then, to my
    knowledge, neither Peyton Manning nor Drew Brees has appeared in an
    evening dress at the same event as Taylor Swift so they can hardly
    compete with that. If you have young daughters in your house, you
    totally understand. That said, the Super Bowl this year is a pretty
    exciting match up. It's estimated that more Posted on Monday, February 8, 2010 at 1:26 pm
  • Feb 08

    Ask the taxgirl: Used Car Sales T ...

    Ask the taxgirl: Used Car Sales Tax Deduction
    Taxpayer asks: Just before Christmas, I bought a 2007 VW Jetta. It was
    a great deal since it had very low miles on it. When I bought it, the
    dealer said that I could deduct the sales tax from my taxes but I read
    on your site that the car has to be new, not just new to you. Was this
    just a slimy, used car salesman trick? Taxgirl says: The post you're
    referring to is this one and was specifically about whether the
    purchase of a new car qualified for the new sales tax deduction - the
    one that got all of the Posted on Monday, February 8, 2010 at 1:26 pm
Rank This Ths Week: 99

Tax Updates

Tax Updates

By Roth & Co.

http://www.rothcpa.com/
  • Feb 08

    Darkest secrets revealed

    Darkest secrets revealed
    At Going Concern: Five Questions with Joe Kristan... Posted on Monday, February 8, 2010 at 1:39 pm
  • Feb 08

    But he had to settle for second-best

    But he had to settle for second-best
    Clarence Thomas: If Not for the Supreme Court Gig, I'd Be ... A Tax
    Lawyer... Posted on Monday, February 8, 2010 at 1:39 pm
  • Feb 08

    And if you must fight, please don ...

    And if you must fight, please don't bleed on
    the carpet
    Sound tax client etiquette advice from Trish McIntire: Don't put the
    preparer in the middle of a family fight. The... Posted on Monday, February 8, 2010 at 1:39 pm
Rank This Ths Week: 121

The Tax Lawyer's Blog

The Tax Lawyer's Blog

Covers tax news, laws and cases. By Peter Pappas.

http://blog.pappastax.com
  • Feb 07

    If Bush Had Said It

    If Bush Had Said It
    Misunderestimated, stategery, nucular. Bush got pilloried for those
    malapropisms, and probably deservedly so. But the great orator, his
    Holiness the Dali Obama, speaking at a prayer breakfast this morning
    three times prounounced the word "corpsman" with a hard "p." Nary a
    word from the left. Not a shred of national embarrassment. No
    diagnoses of dyslexia. Now, I admit there [...] Posted on Sunday, February 7, 2010 at 4:18 am
  • Feb 07

    Taxes 101: Hobby or Legitimate Bu ...

    Taxes 101: Hobby or Legitimate Business? Good
    Records May Carry the Day
    If you own and operate a trade or business and have a history of
    losses, there is a very good chance the IRS will at some point
    disallow those losses, especially if you keep poor records. Although
    good bookkeeping is important in all cases, it is especially important
    for taxpayer's with businesses that have shown a pattern [...] Posted on Sunday, February 7, 2010 at 4:18 am
  • Feb 07

    Huge Middle-Class Tax Hike in Sen ...

    Huge Middle-Class Tax Hike in Senate
    Healthcare Bill
    So much for the promise not to raise taxes on the middle-class.
    Douglas Holtz-Eaken and Alex Brill have written an Op-Ed for the Wall
    Street Journal titled Another Obama Tax Hike: The Senate Health-Care
    Bill Would Raise Effective Marginal Tax Rates on Lower and
    Middle-Income Singles and Families up to 41%: [The Senate health care
    bill raises] to shocking [...] Posted on Sunday, February 7, 2010 at 4:18 am
Rank This Ths Week: 153

The Journal of the Business Law

The Journal of the Business Law Society

Covers recent developments affecting business law . By the students of
the University of Illinois College of Law.

http://www.law.uiuc.edu/bljournal/
  • Feb 04

    Illinois Business Law Journal Ina ...

    Illinois Business Law Journal Inaugural Issue
    The Illinois Business Law Journal is proud to share our inaugural
    issue. This publication of the University of Illinois College of Law
    acknowledges the work of our student body. This issue has compiled
    writings from relevant areas of law related to business. We hope to
    bring you a new edition of the Illinois Business Law Journal this
    spring. Please click on the link below to access the Issue: The
    Illinois Business Law Journal Fall 2009 Issue 1.pdf (468.23 kb) Posted on Thursday, February 4, 2010 at 4:46 am
  • Dec 23

    Comcast and NBC Universal: The Im ...

    Comcast and NBC Universal: The Implications
    of Big Media Mergers in an Increasingly
    Smaller World
    I. Introduction Comcast's proposed takeover of NBC Universal is
    expected to completely restructure the entertainment industry's
    landscape. Analysts, investors, and public interest groups alike have
    responded strongly to the anticipated agreement, which is expected to
    be finalized imminently. The merger of the largest American cable
    company with one of the largest entertainment enterprises in the world
    would give the combined entity control over approximately one out of
    every five viewing hours in the United Posted on Wednesday, December 23, 2009 at 3:29 pm
  • Dec 23

    2008/9 Financial Crisis: A Lot to ...

    2008/9 Financial Crisis: A Lot to Learn On
    Bailouts and Too Big To Fail Companies In
    Order To Draft New Regulation
    I. Introduction Some basic financial concepts and the facts
    surrounding the 2008/9 economic crisis constitute the first stage of
    this article. The analysis of certain characteristics and effects of
    the Bailouts and of having Too Big To Fail Companies in the market is
    what follows. Finally, I will go into different opinions and
    strategies addressing main issues that are a challenge for the
    regulation to be enacted in order to prevent these kind crises and
    deal with the legacy of the bailouts. What to do with Posted on Wednesday, December 23, 2009 at 3:29 pm
Rank This Ths Week: 337

MauledAgain

MauledAgain

Covers tax law, legal education, the First Amendment, religion, and
law generally. By Villanova law professor James Edward Maule.

http://mauledagain.blogspot.com/
  • Feb 08

    Back to the Internet Taxation Future

    Back to the Internet Taxation Future
    Several days ago, I received an email containing the text of an
    article by Eleanor Roberts, Main St. Needs Tax Loophole Closed. It was
    suggested that I take a look at the information on a web site that
    supports the same points that were made in the article, and makes even
    more errors in analysis, such as quoting politicians who conflate the
    sales tax and the use tax. According to Ms Roberts, Massachusetts,
    admittedly in dire need of tax revenue, is collecting less tax than it
    otherwise could reach because Posted on Monday, February 8, 2010 at 2:22 pm
  • Feb 06

    Repeals, Expirations, and Reinsta ...

    Repeals, Expirations, and Reinstatements: A
    Taxing But Critical Difference
    Words are precision instruments, but too often, even in the hands of
    professionals such as lawyers and journalists, they get used as though
    they are blunt instruments. In the hands of politicians, lobbyists,
    and special interest groups, words get transformed into sound bites,
    twisted assertions, and outright lies. An unfortunate, but telling,
    example has moved into the spotlight on account of what can be found
    in the President's proposed budget. In his proposed fiscal 2011
    budget, the President proposes to Posted on Saturday, February 6, 2010 at 4:25 am
  • Feb 03

    Tax Incentives Can Do Only So Much

    Tax Incentives Can Do Only So Much
    Last Wednesday, in his State of the Union address, the President put
    forth several specific suggestions for changes in the tax law: I'm
    also proposing a new small business tax credit - one that will go to
    over one million small businesses who hire new workers or raise wages.
    While we're at it, let's also eliminate all capital gains taxes on
    small business investment, and provide a tax incentive for all large
    businesses and all small businesses to invest in new plants and
    equipment. . . . . And to encourage Posted on Wednesday, February 3, 2010 at 3:20 pm
Rank This Ths Week: 370

IRS Problem Solver Blog

IRS Problem Solver Blog

Covers IRS problems and how to solve them. By Darrin Mish.

http://www.getirshelp.com/irsblog
  • Feb 09

    All about Tax, IRS Levy and your ...

    All about Tax, IRS Levy and your Bank Account
    status
    Prolonged refusal to pay your taxes will result in an IRS bank levy.
    This is a legal act in which the IRS freezes your bank accounts and
    deducts what you owe them from your bank balances. This is usually
    done only as a last resort after all other avenues have been
    fruitless. There are a few ways to get out of an IRS levy or bank
    account freeze, but you need to act fast. The most common way to
    prevent a bank levy is to agree to a payment plan. Even if you cannot
    afford the payment plan required by the IRS, Posted on Tuesday, February 9, 2010 at 5:41 am
  • Feb 09

    Tax Levy? No Problem

    Tax Levy? No Problem
    Did you know the government has the authority to freeze your bank
    accounts under certain circumstances? If you owe the IRS for a
    prolonged period of time despite their best efforts to retrieve what
    is their due, they may slap you with a tax levy. But the government
    can only freeze your money for 21 days and the freeze only applies to
    the money that is in your account at the time the levy is issued. Any
    deposits thereafter are not frozen. It would take a second levy to
    freeze deposits made after the initial Posted on Tuesday, February 9, 2010 at 5:41 am
  • Feb 09

    What to Do to Discharge Late File ...

    What to Do to Discharge Late Filed Taxes
    If you want to fully discharge your tax debt, you must have made your
    returns on time. However, fully discharging taxes that are from a
    return that was filed late is not possible. Tardy tax returns is
    likened to tax evasion; blaming a poor memory is no good, either. This
    is why it is not possible to obtain a full discharge if your returns
    are late. However, you may qualify for other forms of help from the
    IRS. Late taxes can be partially discharged through an Offer in
    Compromise. At present, there are three Posted on Tuesday, February 9, 2010 at 5:41 am
Rank This Ths Week: 428

Texas State & Local Tax Law Blog

Texas State & Local Tax Law Blog

Covers aircraft taxation, franchise tax, property tax, sales and use
tax, school finance litigation and tax reform. By Alan E. Sherman.

http://www.txsaltlaw.com/
  • There is no posts on this blog.
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Rank This Ths Week: 435

Rubin on Tax

Rubin on Tax

Covers tax and legal issues relating to federal and Florida tax,
estate planning, probate, and business matters. By Charles Rubin.

http://rubinontax.blogspot.com/
  • Feb 08

    WHEN WILL DISCLOSURE OF "AMOUNTS" ...

    WHEN WILL DISCLOSURE OF "AMOUNTS" ON A RETURN
    CONSTITUTE REASONABLE DISCLOSURE FOR AVOIDING
    PENALTIES?
    Taxpayers can avoid the Code §6662 penalty for substantial
    underpayment of income tax by adequately disclosing amounts on the
    income tax return. A recent Revenue Procedure provides details as to
    when the inclusion of "amounts" on a return constitutes adequate
    disclosure for this purpose. These rules will also apply for purposes
    of avoiding preparer penalties. The following summarizes the
    requirement of disclosure for "amounts" to meet the adequate
    disclosure requirements: A. The money amounts entered on the Posted on Monday, February 8, 2010 at 3:41 pm
  • Feb 08

    RUBIN ON TAX ON YOUR IPHONE

    RUBIN ON TAX ON YOUR IPHONE
    A number of readers have indicated they would like to be able to read
    Rubin on Tax while waiting in lines, such as at the grocery store.
    Okay, maybe not many. Maybe not any. Nonetheless, if you have an
    iPhone and would like to be able to read your dose of Rubin on Tax
    whenever and wherever you want, now you can do so. To get the app (its
    free), on your iphone or in the App Store search for 'rubinontax' (no
    spaces) and it should then be available for download and installation.
    If you like it, don't be afraid Posted on Monday, February 8, 2010 at 3:41 pm
  • Feb 06

    WHEN WATER IS AS THICK AS BLOOD [ ...

    WHEN WATER IS AS THICK AS BLOOD [FLORIDA]
    We all know the expression "blood is thicker than water." Presumably,
    that is what a trust settlor had in mind when she made a class gift to
    her grandchildren, and included language that such grandchildren would
    only include "descendants by blood." The settlor's son married his
    wife in 1966. Six months after the marriage, the son and his wife had
    a child. The birth certificate listed the settlor's grandchild as the
    son's child. The son and his wife divorced in 1971, and signed a
    marital agreement that Posted on Saturday, February 6, 2010 at 5:41 am
Rank This Ths Week: 489

TaxMama's TaxQuips

TaxMama's TaxQuips

Daily tax and small business podcast with tax and small business news
tidbits covering investment, inheritance real estate and more.

http://www.taxquips.com?cat=TaxQuips
  • Feb 09

    Adopting Two Girls

    Adopting Two Girls
    Today TaxMama hears from Charlotte in the TaxQuips forum, who tells
    us. "We adopted my niece's 2 children this year. But my husband's
    Social Security income wasn't taxed. So how do I get the child income
    tax credit? or can I? I don't work." Dear Charlotte, Congratulations
    on expanding your family. You say "my husband's social security income
    wasn't taxed federally"? Is that his only source of income? And you
    didn't work, right? So you're saying you have no earned income, right?
    You won't qualify for either Posted on Tuesday, February 9, 2010 at 7:14 am
  • Feb 09

    Prepaid Medical Insurance

    Prepaid Medical Insurance
    Today TaxMama hears from Elaine in the TaxQuips forum, who tells us.
    "I have a client that is retiring now at age 55. He will receive
    $185,000 in deferred compensation. The company will withhold $111,000
    for lifetime medical insurance for him. Can the whole $111,000 be
    deducted in the year paid?" Dear Elaine, Wow! Double WOW! Hey, who
    knows if the insurance company is even going to be in business for his
    whole life? This is SO not cool. Your client is having to pay the
    premiums himself? Then why pay it all Posted on Tuesday, February 9, 2010 at 7:14 am
  • Feb 04

    Computers for College

    Computers for College
    Today TaxMama hears from Linda in Kentucky with a reasonable question.
    "My son-in-law had on-line college classes that required him to have
    internet services and a computer. Do these count towards the tax
    credits? Also, how would he go about getting the books, supplies, gas,
    etc. credited?" Dear Linda, In a very odd and inconsistent twist, when
    Congress wrote the American Recovery and Reinvestment Act of 2009,
    they added computers and Internet access to the approved expenses for
    Code Section 529 education Posted on Thursday, February 4, 2010 at 7:11 am
Rank This Ths Week: 501

North Carolina Estate Planning Blog

North Carolina Estate Planning Blog

Covers legal issues relating to wealth transfer, asset preservation,
probate, and taxation. Published by Greg Herman-Giddens of Trust
Counsel, P.A.

http://www.ncestateplanningblog.com/
  • Feb 05

    IRS Issues Guidance for 2010 Gift ...

    IRS Issues Guidance for 2010 Gifts to Trusts
    Based on what appeared to be a giant "loophole" in the gift tax law
    applying to gifts made in 2010, taxpayers could arguably make gifts to
    a wholly-owned grantor trust free from gift tax. Last week at the
    Heckerling Estate Planning Institute, commentators said this was too
    good to be true, and opined that the IRS would soon close the
    loophole. No sooner said than done: Yesterday the IRS published Notice
    2010-19, which applies to taxpayers making gifts in trust during 2010.
    Under section 2511(c), a transfer Posted on Friday, February 5, 2010 at 12:36 am
  • Feb 05

    Tax Court Rules Gender Reassignme ...

    Tax Court Rules Gender Reassignment Expenses
    Deductible
    On February 2, 2010, in Ododonnabhain v. Commissioner of Internal
    Revenue, the U.S. Tax Court held that a transgender woman's expenses
    for hormone therapy and sex reassignment surgery were medically
    necessary and therefore deductible for federal income tax purposes.
    The court found that "gender identity disorder" is a disease, and
    ruled that gender transition-related healthcare is non-cosmetic,
    medically necessary healthcare. However, expenses for breast
    augmentation were found to be cosmetic as the surgery Posted on Friday, February 5, 2010 at 12:36 am
  • Feb 02

    Income Taxation of Estates - a Br ...

    Income Taxation of Estates - a Brief Overview
    In North Carolina it is not uncommon for persons to handle
    administration of a decedent's estate without hiring a lawyer or an
    accountant. Because of the complexity of the law and the likelihood
    that certain requirements or opportunities will be overlooked, I
    certainly don't recommend going it alone. This post is not intended to
    be a do-it-yourself guide, but simply an overview of the basic
    process. Complying with income tax requirements is the most complex
    part of the majority of estates. A deceased Posted on Tuesday, February 2, 2010 at 4:47 am
Rank This Ths Week: 612

Talking Taxes

Talking Taxes

Discusses federal, state and local tax reform, with an emphasis on
fair and adequate taxation. By the Citizens for Tax Justice.

http://www.ctj.org/blog/
  • Jan 31

    Nevada GOP Gubernatorial Candidat ...

    Nevada GOP Gubernatorial Candidate: Scrap the
    Caps
    GOP gubernatorial candidate Mike Montandon is making his views on
    Nevada property tax reform known-- and so far they all seem quite
    sensible. As reported by the North Lake Tahoe Bonanza, Montandon
    thinks: (1) it's absurd that Nevada remains the only state that values
    real property for tax purposes based on depreciated value (which
    depends primarily on how old your house is) rather than market value;
    (2) the "tax caps" enacted a few years ago, which restrict the amount
    by which a property's tax liability can Posted on Sunday, January 31, 2010 at 5:10 pm
  • Dec 23

    Louisiana Tax Amnesty: A $303 Mil ...

    Louisiana Tax Amnesty: A $303 Million
    Success?
    The count is in: the recently-ended Louisiana tax amnesty brought in
    $303 million in revenue for the state. The lion's share of the money--
    $277 million-- was paid by delinquent businesses, with individuals
    ponying up the remaining $26 million. This result raises three
    interesting policy questions. 1) Was the amnesty, taken on its own, a
    good deal for the state? Amnesties are often driven by the need to get
    revenue immediately at any cost, and all too often the result is that
    states agree to give up all Posted on Wednesday, December 23, 2009 at 3:18 am
  • Dec 23

    Louisiana: Can Property Tax be To ...

    Louisiana: Can Property Tax be Too Low?
    In Louisiana, the answer is probably "yes, they could." An excellent
    editorial in the Daily Advocate notes that the ten lowest-property-tax
    counties in America in 2006-2008 (for residential property) were all
    in Louisiana. The main reason for this is pretty straightforward:
    every owner-occupied home in Louisiana receives an exemption for the
    first $75,000 of home value. In practice, this amount covers something
    close to half of all properties in the state. The topic is being
    raised right now because there Posted on Wednesday, December 23, 2009 at 3:18 am
Rank This Ths Week: 646

Pension Protection Act Blog

Pension Protection Act Blog

Discusses PPA's impact on ERISA and qualified retirement plans. By
Suzanne L. Wynn.

http://qualifiedpensionconsulting.com/ppablog
  • Jan 08

    Restating a Defined Contribution ...

    Restating a Defined Contribution Plan Prior
    to Terminating
    Now that the annual -6 Revenue Procedure has been released - Rev.
    Proc. 2010-6 - I'm starting to receive a lot of questions about
    Section 12.07 of that Rev. Proc. Does it really say that a terminating
    plan does not need to be restated??? A quick check of Section 12.07
    shows that it says exactly that. It states: "Restatement not required
    for terminating plan .07 A terminating plan generally does not have to
    be restated. However, see .06 above." I've bolded the "However" in
    Section 12.07 because it is one of Posted on Friday, January 8, 2010 at 4:44 pm
  • May 14

    Annual Limitation on Deductions f ...

    Annual Limitation on Deductions for Health
    Savings Accounts for 2010
    Today, the IRS released Revenue Procedure 2009-29 containing the
    inflation adjusted amounts for Heath Savings Accounts (HSAs) as
    determined under Code section 223 for 2010. For calendar year 2010,
    the annual limitation on deductions under Code section 223(b)(2)(A) is
    $3,050 for an individual with self-only coverage under a high
    deductible health plan. For an individual with family coverage under a
    high deductible health plan, the annual limitation on deductions under
    Code section 23(b)(2)(B) for calendar Posted on Thursday, May 14, 2009 at 8:43 pm
  • May 13

    DOL and SEC Schedule Joint Hearin ...

    DOL and SEC Schedule Joint Hearing on Target
    Date Funds
    The Dept. of Labor and the Securities and Exchange Commission have
    announced a joint one-day hearing on target date or lifecycle funds
    and other investment options. The hearing is scheduled for June 18,
    2009. It will be held at the Dept. of Labor, 200 Constitution Ave NW,
    Washington, D.C. The press release from the DOL and SEC which
    announced the hearing states that witnesses will include
    representatives of plan participants and beneficiaries, plan sponsors,
    investor organizations, academia and the Posted on Wednesday, May 13, 2009 at 8:35 pm
Rank This Ths Week: 656

Corporate Securities Law Blog

Corporate Securities Law Blog

Focuses on complliance, corporate governance, disclosure, mergers and
tax issues. By Sheppard Mullin.

http://www.corporatesecuritieslawblog.com/
  • Feb 04

    Tax Provisions in President Obama ...

    Tax Provisions in President Obama's Budget
    Proposal; Expiring Tax Provisions
    The following is a brief summary of certain tax provisions included in
    President Obama's budget proposal. Following this summary is a list of
    certain tax provisions that expired at the end of 2009 or will expire
    at the end of 2010 if Congress doesn't act to extend them. Tax
    proposals relating to individuals Reinstating in 2011 the 36% tax rate
    for married taxpayers with taxable income above $250,000 ($200,000 for
    single taxpayers) and the 39.6% tax rate for all taxpayers with
    taxable income above $373,650. Posted on Thursday, February 4, 2010 at 6:20 pm
  • Feb 01

    Lower Filing Thresholds for HSR A ...

    Lower Filing Thresholds for HSR Act Premerger
    Notifications and Interlocking Directorates
    Announced
    1. Lower Thresholds For HSR Filings On January 19, 2010, the Federal
    Trade Commission announced revised, lower thresholds for premerger
    filings under the Hart-Scott-Rodino Antitrust Improvements Act of
    1976. The filing thresholds are revised annually, based on the change
    in gross national product. For the first time, the thresholds have
    been reduced. They will be effective thirty days after publication in
    the Federal Register. Publication is expected to occur this week. Thus
    the new thresholds will most Posted on Monday, February 1, 2010 at 9:33 pm
  • Jan 20

    Reminder For Corporations To Issu ...

    Reminder For Corporations To Issue Annual
    ISO/ESPP Information Statements To Employees
    By January 31
    Employers must furnish employees who exercised incentive stock options
    ("ISOs") or sold or otherwise transferred shares acquired under an
    employee stock purchase plan ("ESPP") during 2009 with a detailed
    information statement by January 31, 2010. As we reported in our
    November 19, 2009 blog article, the Internal Revenue Service recently
    issued final regulations regarding the information return and
    information statement requirements under Section 6039 of the Internal
    Revenue Code. Section 6039 was amended in Posted on Wednesday, January 20, 2010 at 5:21 pm
Rank This Ths Week: 728

Waller Blog

Waller Blog

Offers insights on current business and legal issues in the areas of
executive cmpensation and the healthcare industry. By Waller Lansden
Dortch & Davis.

http://blog.wallerlaw.com/
  • Feb 09

    Sustainable Sunday - Living in cars

    Sustainable Sunday - Living in cars
    By Lena Babaeva Coradini First, the Sunday Times took the Tesla
    Roadster for a test drive and came away impressed. Despite the
    $155,850 price tag, the Times noted that "the Tesla Roadster works
    pretty much as promised. And, as such, it is worthy of a measure of
    acclaim as an automotive pioneer." Later in the day during the Super
    Bowl, Audi debuted its must-see Green Police commercial for the "clean
    diesel" A3 TDI, which was recently named 2010 green car of the year by
    GreenCar.com. Posted on Tuesday, February 9, 2010 at 10:55 am
  • Feb 07

    Turning landfill space into solar ...

    Turning landfill space into solar power
    By Lena Babaeva Coradini Republic Services, one of the largest haulers
    of waste and the operator of 213 landfills, it is installing
    photovoltaic solar collection strips on one of its landfills. That PV
    array, combined with other waste-to-energy system on the landfill,
    will produce an impressive 9 megawatts of power, enough to power 5,500
    homes. It's important to differentiate what is referred to as landfill
    cover. While all landfills feature a daily cover consisting of organic
    material or other waste that Posted on Sunday, February 7, 2010 at 1:22 am
  • Feb 07

    Navy plans to increase use of biofuel

    Navy plans to increase use of biofuel
    By Lena Babaeva Coradini The U.S. Navy is making a commitment to
    increase military biofuel use, currently through sigining a Memorandum
    of Understanding between the Navy and the USDA: The Navy has plans to
    cut its fossil fuel use and switch everything from bases to ships and
    aircraft to alternative energy. The Navy is laying out a series of
    targets; most of the key goals don't take effect until 2015 or 2016,
    when President Barack Obama would be at the end of his second term, if
    he gets one. The memorandum Posted on Sunday, February 7, 2010 at 1:22 am
Rank This Ths Week: 775

IRS-Hitman

IRS-Hitman

Covers IRS tax problems. By Richard Close.

http://irs-hitman.blogspot.com/
  • Feb 09

    Everything About IRS Collection S ...

    Everything About IRS Collection Statutes
    Free at Last: Ten long years have passed since the IRS first
    discovered your Tax Debt. Somehow, you've made it this far without
    being levied, bullied, and laid to rest. But now the IRS can't collect
    from you anymore! Right? Actually, They can. Contrary to popular
    belief, the IRS can continue to collect after ten years have elapsed
    on your tax debt. It Starts: The IRS ten-year statute of limitations
    period starts when the IRS officially determines you owe the debt.
    After ten years, your IRS case is closed Posted on Tuesday, February 9, 2010 at 10:59 am
  • Feb 09

    Tax Audit Tips: Documents You'll ...

    Tax Audit Tips: Documents You'll Need to Stay
    Ahead
    If the IRS doubts an expense you list on your tax returns, they'll ask
    for supporting documents. Many taxpayers e-mail me asking how they can
    get documentation for expenses for the IRS. Here's a quick refrence
    list: How to get Documents for Common Allowable Expenses:
    Rent/Mortgage: Show your monthly statement to the IRS. You can call
    your mortgage company or contact your land lord for this information.
    Electric, Water/Sewer, Gas: Call your respective providers to obtain
    the statements for these expenses. Posted on Tuesday, February 9, 2010 at 10:59 am
  • Feb 07

    Offer in Compromise Facts and Tips

    Offer in Compromise Facts and Tips
    The Harsh Truth: The IRS wants the entire tax liability paid in full.
    After all, millions of Americans manage to do this every year, why
    shouldn't you? The IRS will evaluate every single detail of your IRS
    case and situation before they even consider your offer. Here's what
    you need to know before your submit an Offer in Compromise to the IRS.
    • You don't qualify: If you have the ability to pay the Tax Debt in
    full or pay it in monthly payments with an Installment Agreement, you
    don't qualify for an Offer Posted on Sunday, February 7, 2010 at 1:27 am
Rank This Ths Week: 859

California Tax Attorney Blog

California Tax Attorney Blog

Covers tax controversies involving the IRS and California Franchise
Tax Board, as well as California probate, estate planning matters and
business transactions. By Mitchell A. Port.

http://www.californiataxattorneyblog.com/
  • Feb 09

    The IRS And YouTube

    The IRS And YouTube
    There exists an official YouTube channel of the Internal Revenue
    Service. It features videos produced by the IRS on various tax
    administration topics. Information is available about all kinds of
    topics, including the the appeals examination process, appeals
    collection process, tax tips, record keeping, choosing a tax preparer,
    how to track your tax refund, how to check your tax withholding and
    the homeowner credit claim. Posted on Tuesday, February 9, 2010 at 7:45 am
  • Feb 04

    The Best And Most Wealth Friendly ...

    The Best And Most Wealth Friendly States For
    Trusts
    A post on January 23, 2010 in Wills, Trusts & Estates Prof Blog
    provides a chart listing the best states for trusts. The ranking
    factors considered are (1) state income tax in the state, (2) directed
    trust statute, (3) asset protection trust availability, (4) dynasty
    trust ability, and (5) the number of trust companies in the state. The
    top four states include Alaska, Delaware, Nevada and South Dakota. The
    next best include three states: Florida, New Hampshire and Wyoming.
    Finally, the last group of Posted on Thursday, February 4, 2010 at 8:00 am
  • Jan 29

    Dying In California Without A Wil ...

    Dying In California Without A Will Or Heirs
    A recent article published in the Los Angeles Times addresses "Selling
    What the Dead Leave Behind". If you die in Los Angeles County without
    a will or heirs, your belongings will probably end up in a warehouse
    in the City of Industry. There, the walls are stacked with hundreds of
    wooden crates. County employees and private auctioneers divide the
    contents into lots and sell them at daylong auctions held on the
    second Saturday of the month, typically 10 times a year. Proceeds go
    back into the estate and often Posted on Friday, January 29, 2010 at 1:36 am
Rank This Ths Week: 966

China Tax Insights

China Tax Insights

Discusses developments in China tax law. By Matthew McKee.

http://chinataxinsights.com
  • Feb 08

    The chickens coming home to roost.

    The chickens coming home to roost.
    In a clear sign that China is getting increasingly bold in its
    response to an ongoing trade dispute with the U.S., Chinese
    authorities Friday slapped preliminary import duties of as much as
    105.4% on U.S. chicken products. The Ministry of Commerce which
    announced the decision said U.S dumping is hurting China's domestic
    poultry industry. Once the [...] Posted on Monday, February 8, 2010 at 6:22 am
  • Feb 08

    Theft is not always theft … at le ...

    Theft is not always theft … at least for
    tax purposes.
    Australian tax law permits a deduction in taxable income where a
    taxpayer 's income is stolen. In particular, section 25-45 of the
    Income Tax Assessment Act 1997 provides that a taxpayer can deduct a
    loss in respect of money if: the taxpayer discovers the loss in the
    income year, the loss was caused by theft, stealing, embezzlement,
    [...] Posted on Monday, February 8, 2010 at 6:22 am
  • Feb 05

    What is an international tax lawyer?

    What is an international tax lawyer?
    On the weekend I came across an old post (circa April 2008) from Dan
    Harris over at China Law Blog in which Dan made the following comment:
    Nobody should dabble in international tax. It is hugely complicated,
    and should be handled only by attorneys and accountants who specialize
    in it. Incredibly few do. Gary Tober here [...] Posted on Friday, February 5, 2010 at 7:59 pm
Rank This Ths Week: 1,021

Start Making Sense

Start Making Sense

Tax and budget policy by Dan Shaviro

http://danshaviro.blogspot.com/
  • Feb 08

    More events at NYU Law School

    More events at NYU Law School
    On Thursday at the Tax Policy Colloquium, Michael Devereux presented
    his paper, Taxation of Outbound Direct Investment. He, my co-convenor
    Mihir Desai, and I all agree that, if you think about tax policy going
    forward on a fresh start basis, exemption is the most rational system
    for outbound investment by resident corporations, reflecting (in
    Michael's and my way of thinking about it, more than Mihir's) the
    point that newly becoming a U.S. corporation for tax purposes verges
    on being an election. But I Posted on Monday, February 8, 2010 at 4:12 am
  • Feb 05

    My e-mail interview with a Polish ...

    My e-mail interview with a Polish news
    magazine
    Here are their questions and my answers, the latter composed more or
    less at the limit of my typing speed. My answers are shown here in
    italics: 1. USA has to deal with budget problems, so does Germany,
    Greece, Poland, France, Japan, Russia, etc… it seems the public
    finance is now the main interest of world's politicians and economist.
    You probably know of various solution proposed by different countries
    (including USA, of course). How do you perceive them? Most of them are
    based on simple ideas of public Posted on Friday, February 5, 2010 at 5:58 pm
  • Feb 05

    UNC Tax Conference last week

    UNC Tax Conference last week
    One but not both of these photos is from the UNC Tax Conference last
    week. I prefer the rogue, which was distributed to the group by
    another conference attendee, not just for artistic and sentimental
    reasons, but also because the actual photo makes me look too short. I
    was down a step from people near me, creating the false impression
    that I have shrunk to perhaps about 5'3". Posted on Friday, February 5, 2010 at 5:58 pm
Rank This Ths Week: 1,069

Section 1031 Tax Deferred Exchanges

Section 1031 Tax Deferred Exchanges Blog

Discusses Section 1031 of the Internal Revenue Code, which deals with
tax deferral of profits from investment property or property used in a
trade or business. By Stephen A. Wayner.

http://blog1031.com/
  • Sep 21

    YOU DON'T HAVE TO BE RICH TO BE A ...

    YOU DON'T HAVE TO BE RICH TO BE AUDITED BY
    IRS
    The following is an excerpt from an article that appeared in the April
    2009 issue of Smart Money--it confirms what I already knew--"The IRS's
    job is to enforce the tax laws enacted by Congress and to collect
    what's due. Its primary weapon? the Audit, whose use has more than
    doubled since 2000, to surpass 1 percent of all returns, according to
    the Transactional Records Access Clearinghouse, a Syracuse University
    data-research organization. The increase can be attributed to the
    rising number of so-called Posted on Monday, September 21, 2009 at 3:24 am
  • Sep 21

    YOU DON'T HAVE TO BE RICH TO BE A ...

    YOU DON'T HAVE TO BE RICH TO BE AUDITED BY
    IRS
    The following is an excerpt from an article that appeared in the April
    2009 issue of Smart Money--it confirms what I already knew--"The IRS's
    job is to enforce the tax laws enacted by Congress and to collect
    what's due. Its primary weapon? the Audit, whose use has more than
    doubled since 2000, to surpass 1 percent of all returns, according to
    the Transactional Records Access Clearinghouse, a Syracuse University
    data-research organization. The increase can be attributed to the
    rising number of so-called Posted on Monday, September 21, 2009 at 3:24 am
  • Sep 17

    ARE THERE DIFFERENT TYPES OF SECT ...

    ARE THERE DIFFERENT TYPES OF SECTION 1031
    EXCHANGES? THE SIMPLE ANSWER IS YES !!
    The Federation of Exchange Accommodators explains: What are the
    different types of exchanges? Simultaneous Exchange: The exchange of
    the relinquished property for the replacement property occurs at the
    same time. Delayed Exchange: This is the most common type of exchange.
    A Delayed Exchange occurs when there is a time gap between the
    transfer of the Relinquished Property and the acquisition of the
    Replacement Property. A Delayed Exchange is subject to strict time
    limits, which are set forth in the Treasury Posted on Thursday, September 17, 2009 at 3:20 am
Rank This Ths Week: 1,135

ataxingmatter

ataxingmatter

Tax law and economics by Linda Beale

http://ataxingmatter.blogs.com/tax/
  • Feb 08

    Tax Literacy Project

    Tax Literacy Project
    In this age of instant information, as we all know, there is a great
    deal of instant misinformation. Add to that a basic lack of
    understanding in the population at large of critical economic,
    budgetary and tax concepts, and it is not hard to see that it is
    relatively easy for an well-funded advocacy oriented organization to
    use slick materials, frequent repetition and catchy themes to convince
    people about their particular position, even though it may be against
    ordinary American's interest to support that Posted on Monday, February 8, 2010 at 6:54 am
  • Feb 05

    Limit Banks' Proprietary Trading? ...

    Limit Banks' Proprietary Trading? Links Worth
    Noting on Possible Reprise of Glass Steagall
    Maybe
    Obama takes on America's banks with new Glass-Steagall act,
    Guardian.co.uk, Jan. 21, 2010 President Obama came out in support of
    the "Volcker rule" intended to stop depositary banks from running
    hedge funds and using their money to bet on the markets. I
    particularly like the part that recognizes that allowing banks to
    merge into bigger and bigger consolidated enterprises is not likely to
    be in the public interest. (I've actually proposed we severely
    restrict tax-free reorganizations generally.) About time Posted on Friday, February 5, 2010 at 8:31 pm
  • Feb 05

    State adaptations to the 2010 bli ...

    State adaptations to the 2010 blip in the
    estate tax
    Readers will recall that the Bush Congress passed an estate tax bill
    that decreased the rate and increased the exempt amount from
    2001-2009, leaving last year's exemption amount at 3.5 million
    (meaning you wouldn't have to pay a penny of estate tax unless your
    estate was worth more than $3.5 million, and then you would only pay
    the statutory rate on amounts in your estate in excess of $3.5
    million). Then the tax disappears for one year this year and spring
    back to life in 2011 exactly as it was in 2001 Posted on Friday, February 5, 2010 at 8:31 pm
Rank This Ths Week: 1,160

Taxable Talk

Taxable Talk

Covers estate taxes, payroll taxes, sales taxes, tax evasion and tax
fraud. By Russ Fox.

http://www.taxabletalk.com/
  • Oct 01

    An Interesting Gambling Case

    An Interesting Gambling Case
    With the blog move still in limbo (the posts have been moved to the
    new site but appear written, for the moment, in invisible ink) here's
    one last post at the... Posted on Thursday, October 1, 2009 at 3:10 pm
  • Sep 25

    Important Blog Issues

    Important Blog Issues
    I will be moving the blog over the next few days. This means that it
    is possible that we'll be down, and it's almost certain that there
    will be no posting... Posted on Friday, September 25, 2009 at 9:09 pm
  • Sep 23

    We're Still #3!

    We're Still #3!
    As I prepare to head to Sacramento for a conference, the Bronze Golden
    State found that it held fast this past year as the third worst
    business tax climate in the... Posted on Wednesday, September 23, 2009 at 7:09 am
Rank This Ths Week: 1,189

Nonprofit Law Blog

Nonprofit Law Blog

Covers legal issues affecting nonprofit and tax-exempt organizations.
By Gene Takagi.

http://www.nonprofitlawblog.com/home/
  • Feb 07

    Tweets of the Week - 2/5/10

    Tweets of the Week - 2/5/10
    Here are some of my favorite tweets from the past week: GTak: Why
    hybrid corps? Blended value missions are not protected by traditional
    corp laws. Typical mission anchors are not rock solid. GTak: Vermont
    BSR Legislative Initiative: For-Benefit Corporations -
    http://is.gd/7JyWc GTak: Changing Ecosystem of Change: B-certified
    Corp, Benefit Corp, Flexible Purpose Corp, L3C. Thanks @p2173,
    @philosopher20 for the meeting. GTak: From NTEN Community Call: admin
    and fundraising expenses allocations deviate widely Posted on Sunday, February 7, 2010 at 4:47 am
  • Feb 01

    Nonprofit Corporation Legal Audit

    Nonprofit Corporation Legal Audit
    All too often, the issue of legal compliance receives attention from a
    nonprofit corporation only after a conflict arises. Instead, a
    nonprofit corporation can better prevent conflicts and protect itself
    through regular legal audits. Financial audits alone, while important,
    will not sufficiently account for the bigger issue of overall
    compliance with state and federal laws. A legal audit will include a
    wide range information-gathering, such as: Organizational and
    Operation-related Documents Articles of Posted on Monday, February 1, 2010 at 4:58 pm
  • Jan 29

    Citizens United Ruling

    Citizens United Ruling
    On January 21, 2009, the United States Supreme Court ruled in Citizens
    United v. Federal Election Commission that corporations (including
    nonprofit corporations and unions) may make direct expenditures on
    political advertising in support of or in opposition to a candidate
    for public office. While nonprofit leaders and commentators are still
    analyzing what this means for the nonprofit sector, there is no doubt
    that this 5-4 split decision will have tremendous impact on future
    campaigns and heighten the Posted on Friday, January 29, 2010 at 2:01 pm
Rank This Ths Week: 1,303

Tax Problem Attorney Blog

Tax Problem Attorney Blog

Covers topics such as sales and payroll tax problems, offers in
compromise, tax audits, tax debt, tax disputes, tax fraud, tax
litigation and tax controversy, and tax preparer penalties. By Los
Angeles, California attorneys, Brager Tax Law Group.

http://www.taxproblemattorneyblog.com/
  • Jan 23

    Taxpayer Advocate Reports Tax Lie ...

    Taxpayer Advocate Reports Tax Liens as
    Serious Tax Problem
    The Internal Revenue's (IRS ) tax lien filing polices were in the
    Taxpayer Advocate's 2009 Report to Congress listed as the second most
    serious tax problem facing taxpayers today. This is not a big surprise
    to those tax lawyers who deal with IRS tax collection problems on a
    regular basis. I often tell clients that the most difficult objective
    is to try and get the IRS to release a tax lien prior to making full
    payment of a delinquent tax liability. The Taxpayer Advocate's Report
    details how the IRS files Posted on Saturday, January 23, 2010 at 11:26 am
  • Jan 23

    UBS Offshore Account Owner Wins C ...

    UBS Offshore Account Owner Wins Case Against
    Internal Revenue Service (IRS)
    The owner of a UBS offshore account has won a lawsuit in the Swiss
    Administrative Court barring UBS from turning over her name to the
    Internal Revenue (IRS). The reasoning of the Court was that the only
    evidence of tax fraud was the failure to submit IRS Form W-9, and this
    by itself was not sufficient to establish tax fraud, or the like which
    is a precondition to supplying information to the IRS under the terms
    of the Swiss Tax Treaty. The Swiss Government has indicated that it
    will respond to the decision Posted on Saturday, January 23, 2010 at 11:26 am
  • Jan 20

    Swiss Court Finds Certain UBS Dis ...

    Swiss Court Finds Certain UBS Disclosures of
    Offshore Accounts Illegal
    The Swiss Federal Administrative Court ruled that the order to UBS by
    the Swiss Financial Market Supervisory Authority (FINMA) to turn over
    the names of 250 United States UBS customers accused of committing tax
    fraud or tax evasion was illegal. The decision may be appealed to the
    Swiss Supreme Court. You will remember that early last year UBS turned
    over the names of 250 of its U.S. customers with offshore accounts;
    the IRS Criminal Investigation Division (CI) reportedly began
    investigations of about 150 of Posted on Wednesday, January 20, 2010 at 7:16 pm
Rank This Ths Week: 1,371

Tax Info Blog

Tax Info Blog

Covers taxes. By Ryan Ellis & Associates.

http://www.taxinfoblog.com/
  • Mar 10

    The End of Tax Info Blog

    The End of Tax Info Blog
    As you can tell from the date posts on this blog, I haven't updated in
    awhile. After months of telling myself I would, I just don't think I'm
    going to be able to consistently deliver content. Between the day job,
    the tax business, and my growing family, I no longer have the time.
    Feel free to contact me at taxplaya@gmail.com with any questions. Any
    clients reading this, I'm of course still going to do the tax
    business. Posted on Tuesday, March 10, 2009 at 1:17 pm
  • Sep 15

    Glut of Posts Will Be Up Later Th ...

    Glut of Posts Will Be Up Later This Week
    Sorry I've been slow to post--lots going on moving-wise. Posted on Monday, September 15, 2008 at 11:09 pm
  • Sep 02

    Moving Expense or Medical Expense?

    Moving Expense or Medical Expense?
    Q: I have to move from my second floor condo to a ground floor because
    the steps are too much for me as I have a medical issue. Are my moving
    expenses tax deductible ? What if I were to install an elevator? Mary
    Kate A: As a moving expense, no way. For one thing, it doesn't even
    pass the distance test. However, not all is lost. It sounds to me like
    the elevator might be a deductible medical expense. Here's what IRS
    Publication 502, "Medical Expenses" has to say... You can include in
    medical expenses amounts Posted on Tuesday, September 2, 2008 at 3:39 pm
Rank This Ths Week: 1,378

The 1031 Exchange Blog

The 1031 Exchange Blog

Covers delayed, reverse and improvement 1031 exchanges.

http://www.1031exchangeinstitute.org/1031-exchange-blog/
  • Feb 05

    Tax Strategy: Buy Parents' Reside ...

    Tax Strategy: Buy Parents' Residence; Then
    Parents Rent Back
    Personal Sale and Leaseback This is the personal version of the
    corporate or commercial sale and leaseback strategy for real estate
    that can be a very useful and powerful cash and tax planning tool that
    can help your parents generate liquidity (cash) on a tax free basis.
    No More Tax Benefits From Home Ownership Let's assume, for example,
    that your parents are in their 70's and own a single family house in
    which they live as their primary residence. Their home has appreciated
    significantly over the years. Posted on Friday, February 5, 2010 at 2:49 am
  • Jan 30

    Federal Reserve Bank Holds Rates ...

    Federal Reserve Bank Holds Rates Steady
    The Federal Reserve Bank's Federal Open Market Committee ("FOMC") held
    its benchmark short-term interest rate ("Fed Fund Rate") at the
    historic lows again today and pledged to keep the interest rates low
    for an "extended period" of time to nurture the economic recovery that
    is now in progress and to help lower unemployment. The Federal Reserve
    Bank's FOMC did not address signs of improvement in the U.S. housing
    market, which it had after its previous FOMC meeting. The Federal
    Reserve Bank said that it still Posted on Saturday, January 30, 2010 at 2:08 am
  • Jan 23

    Economic Comments on Housing Mark ...

    Economic Comments on Housing Market From
    UBS's David Goldberg
    Housing (real property) in the United States will begin to gradually
    recover (read "crawl" out of the hole) in the second half of 2010
    according to David Goldberg, home-building analyst for UBS, a global
    financial services firm. We thought that we would whare their 10
    predictions for housing in the United States for 2010: "Fundamentals
    will remain 'choppy' in the first half of the year, with conflicting
    data points making it difficult to ascertain whether we've actually
    reached the trough in housing." Posted on Saturday, January 23, 2010 at 8:45 pm
Rank This Ths Week: 1,386

Wisconsin Estate Planning and Tax

Wisconsin Estate Planning and Tax Law Blog

Commentary on estate planning, tax law, and elder law. By Nathan J.
Dosch.

http://www.wisconsinestateandtaxblog.com/
  • Feb 04

    Federal Estate Tax in 2010

    Federal Estate Tax in 2010
    I intentionally waited until after President Obama's State of the
    Union Address to post my commentary of current state of the federal
    estate tax because a part of me was hoping that either Congress or the
    President would have clarified the situation by now. Unfortunately for
    me, my fellow estate planning attorneys, and everyone affected or
    potentially affected by the estate tax, things are no clearer today
    than they were on January 1, 2010. The reality is this: At the present
    time there is no federal estate Posted on Thursday, February 4, 2010 at 9:24 pm
  • Dec 12

    Two New Estate Tax Bills Introduced

    Two New Estate Tax Bills Introduced
    The week before Thanksgiving 2009 was a busy one for some legislators
    with an eye on our country's estate tax system. Through November 20,
    2009 the tally of estate tax related bills has reached 20, including
    the two newest bills discussed below. The eleventh month does not
    translate into the eleventh hour, but we are quickly approaching what
    we would naturally think is the last possible time to act since the
    estate tax as we know it is set to change dramatically on January 1,
    2010. I do not believe that the Posted on Saturday, December 12, 2009 at 4:30 am
  • Oct 22

    Widespread Fraud and Abuse of Fir ...

    Widespread Fraud and Abuse of First Time Home
    Buyer Tax Credit
    This item can probably best be filed under the category, "News We
    Expected." As reported by the Wall Street Journal online in "Tax
    Credit Abuse and the Four-Year-Old Home Buyer" the Inspector General
    for Tax Administration, Russell George, testified before Congress
    today in regards to fraud and potential abuse of the home buyer tax
    credit. Mr. George testimony comes at a time when the current home
    buyer tax credit is set to expire in less than 6 six at the end of
    November and with the real estate lobby Posted on Thursday, October 22, 2009 at 12:48 pm
Rank This Ths Week: 1,484

Tax Exempt Law Student Blog

Tax Exempt Law Student Blog

Covers the law of tax exempt entities. By Jedediah Bodger.

http://taxexemptlaw.blogspot.com/
  • Mar 01

    Another Blow to the Perpetual Stu ...

    Another Blow to the Perpetual Student!
    The Tax Court held that a taxpayer could not deduct the $33,000 cost
    of obtaining a Harvard M.B.A. as an educational expense under Reg. §
    1.162-5. Foster v. Commissioner, T.C. Summ. Op. 2008-22 (2/28/08). The
    court concluded that her Harvard M.B.A. both (1) met the minimum
    education requirements of her position as Vice- President of Marketing
    at Reshreshment Brands (at an $117,500 annual salary Posted on Saturday, March 1, 2008 at 3:36 am
  • Mar 01

    More Unrelated Business Income fo ...

    More Unrelated Business Income for Charities
    in Economic Downturn
    When the economy starts to hit the skids, as is currently happening,
    people tightent their belt, and superfluous spending such as
    charitable donations is heavily reduced. As a result, charities engage
    in more business activity to hold them over until donations flow
    again. That speculation seems to have been concerned by a recent
    article in the 2008 Winter Statistics of Income Bulletin. The Posted on Saturday, March 1, 2008 at 3:31 am
  • Mar 01

    Guidance on the 990 Postcard

    Guidance on the 990 Postcard
    On February 25, 2008, the IRS issued guidance on the Form 990-N, the
    "e-Postcard," filing requirement of small tax-exempt organizations
    (i.e., those with gross receipts annually of $25,000 or less). The
    Pension Protection Act of 2006 requires such organizations to file the
    e-Postcard starting in 2008 for tax years beginning with 2007. Small
    tax-exempt organizations are now required to make Posted on Saturday, March 1, 2008 at 3:27 am
Rank This Ths Week: 1,516

Los Angeles California Tax Attorney

Los Angeles California Tax Attorney Blog

Covers bankruptcy, fraud and criminal tax, offer in compromise, and
other tax news and updates. Published by Los Angeles attorney, Victor
Yoo of the Tax Lawyers Group.

http://www.irstaxlawattorney.com/
  • Feb 05

    Los Angeles Tax Attorney - Tax Co ...

    Los Angeles Tax Attorney - Tax Court Rules
    that Late Filed Document Not Taxpayer's Fault
    - May Apply to Late Filed FBAR Voluntary
    Disclosure
    Los Angeles Tax Attorney: Here is a quick summary of a recent US TAX
    COURT case against the Internal Revenue Service . The ruling on this
    case may apply to other documents filed with the tax court or the IRS
    including late filed FBAR Voluntary Disclosure Program. Tax Court
    Petitioners MADDOX v. COMMISSIONER OF Internal Revenue Service TAX
    PROBLEM: This case seems to reflect the current trend by IRS Attorneys
    when dealing with tax court petitions that they receive 90 days after
    issuance of Notice of Posted on Friday, February 5, 2010 at 1:50 pm
  • Feb 05

    Foreign Banks Worried About IRS - ...

    Foreign Banks Worried About IRS - All Foreign
    Banks Will Disclose US Taxpayers - Voluntary
    Disclosure Attorney
    California Tax Attorney: Last year Democrats Proposed 30% Tax on
    Foreign Banks that refuse to disclose US Taxpayers as part of
    continuing efforts by the IRS to quash offshore asset protection and
    tax evasion strategies conjured up by various financial planners. US
    Taxpayers with offshore or foreign bank account are required to
    disclose this information by filing IRS Foreign Bank Account Report.
    The Baucus-Rangel bill proposed to impose a thirty percent (30%)
    withholding tax on income from U.S. financial Posted on Friday, February 5, 2010 at 1:50 pm
  • Feb 05

    UBS Client Pleads Guilty to IRS T ...

    UBS Client Pleads Guilty to IRS Tax Case FBAR
    - Did Not File Voluntary Disclosure or FBAR
    California Tax Attorney: Internal Revenue Service IRS catches another
    tax evader. Another UBS client pleaded guilty today in a criminal IRS
    tax case concerning FBAR and Offshore Bank Accounts. According to the
    Wall Street Journal, US Taxpayer Barouh operated a watch business
    since 1976 and hid some of his unreported income in various UBS
    offshore accounts. A Florida man pleaded guilty to filing a false tax
    return by failing to report income on money held in UBS AG (UBS) Swiss
    bank accounts. In addition to Posted on Friday, February 5, 2010 at 1:50 pm
Rank This Ths Week: 1,616

Oregon Debt Relief Weblawg

Oregon Debt Relief Weblawg

Covers bankruptcy and federal and state tax matters. By Kent Anderson.

http://www.eugenebankruptcylawyer.com/blog
  • Feb 08

    Haiti Donations and Your 2009 Tax ...

    Haiti Donations and Your 2009 Tax Return
    Did you know that if you make a donation for Haiti relief efforts from
    January 11, 2010 to March 1, 2010 you can claim the tax deduction on
    your individual 2009 tax return? The IRS enacted a special relief
    provision on January 22, 2010 that allows you to deduct any cash
    donations made to a qualified charity for Haiti relief on your 2009 or
    2010 Schedule A. What does "cash" donation mean, and what is a
    "qualified" charity? A cash donation includes any donation made via a
    check, credit card, debit card or Posted on Monday, February 8, 2010 at 6:37 pm
  • Feb 08

    Education Credits, The New Americ ...

    Education Credits, The New American
    Opportunity Credit
    For tax years 2009 and 2010 undergraduate students may qualify for the
    Hope Credit (now called the American Opportunity Credit) for four
    years instead of two and be eligible for a refund of this credit up to
    40% of the credit. Also what qualifies as education expenses for the
    Hope Credit has been expanded. This is great news since the Hope
    Credit offers the largest amount of credit - up to $2,500.00 per
    student. Previous to tax year 2009, this credit was only available for
    the first two years of Posted on Monday, February 8, 2010 at 6:37 pm
  • Feb 08

    How do I get my Tax Refund FAST?

    How do I get my Tax Refund FAST?
    The quickest way to get your refund is to e-file your tax return and
    have your refund directly deposited to your checking and/or savings
    account. The IRS has certain dates on which they send direct deposits
    and when they mail paper checks. There is a seven day delay between
    the two dates which means that your direct deposit will be sent to
    your account(s) seven days before a paper check is even put in the
    mail. The sending of your direct deposit refund could take as few as
    six days or as many as 15 days Posted on Monday, February 8, 2010 at 6:37 pm
Rank This Ths Week: 1,671

Kevin A. Pollock BLAWG

Kevin A. Pollock BLAWG

Covers wills, trusts & estates, guardianships, tax and asset
protection planning.

http://willstrustsestates.blogspot.com/
  • Feb 06

    Free Seminar

    Free Seminar
    Aging: Myths, Facts and Superstitions Wednesday, February 17, 2010 4pm
    until 5pm Join us! The Stony Brook Assisted Living Community is
    hosting three experts in the field of aging who will discus
    need-to-know issues critical to your loved one's medical, legal and
    emotional health. Polypharmacy: Multiple prescriptions + multiple
    medical conditions = medical disaster. Learn ways to avoid this
    serious health threat. By Dr. Priti Gujar, a physician with Geriatric
    Treatment Resources LLC in Pennington, NJ. Legal Posted on Saturday, February 6, 2010 at 8:08 pm
  • Jan 22

    2010 SSI Monthly Payment Amounts

    2010 SSI Monthly Payment Amounts
    Last year was a difficult economic year for many, including the
    government. As a result there will not be any cost of living
    adjustment to anyone's monthly payments this year. For a detailed
    lists of New Jersey payout amounts, click here. For a detailed lists
    of Pennsylvania payout amounts, click here. For a detailed lists of
    New York payout amounts, click here. For a detailed lists of Florida
    payout amounts, click here. Posted on Friday, January 22, 2010 at 3:31 pm
  • Dec 29

    Understanding Basis

    Understanding Basis
    If you want to sell an asset, particularly a valuable asset, no one
    should do so without first understanding what the tax consequences of
    that sale might be. The tax that most often affects the sale of a
    valuable asset (in a non-business setting), is the capital gains tax.
    To understand this capital gains tax consequence, you must first
    understand and appreciate the incredible importance of "Basis". An
    asset's basis is often referred to as the amount an asset cost when
    you buy it. For example, if you buy Posted on Tuesday, December 29, 2009 at 8:50 am
Rank This Ths Week: 1,675

Cincinnati Tax Problem Attorney Blog

Cincinnati Tax Problem Attorney Blog

Covers tax and estate planning issues. By Paul A. Nidich.

http://www.cincinnatitaxproblemattorneyblog.com/
  • Feb 08

    The Estate Tax Mess -- When Membe ...

    The Estate Tax Mess -- When Members of
    Congress are More Concerned with Politics
    than Governing
    As the year 2010 approached, most people believed that Congress would
    clean up the mess made by it by passing President Bush's 2001 estate
    tax changes. Estate Plans were drafted with attorneys and clients
    convinced that Congress would act, and the draconian changes scheduled
    to occur in 2010 would not take place. They were dead wrong. As
    Republicans tied up Congress with their strategy of "No," and
    Democrats ignored the realities of the situation, no change of the
    Bush estate tax mess ever took place. What Posted on Monday, February 8, 2010 at 6:07 pm
  • Feb 03

    Tax Problem -- IRS Notice of Inte ...

    Tax Problem -- IRS Notice of Intent to Levy
    (CP504)
    The IRS uses a variety of collection methods to collect delinquent
    taxes. Some of those methods include issuing levies on wages, business
    accounts receivable, social security benefits, and bank accounts.
    Before the IRS can issue a levy, however, it first must give the
    taxpayer a Notice of Intent to Levy (CP504). Perhaps the most frequent
    Notice taxpayers receive is CP504. This Notice says, "Urgent! We
    intend to levy certain assets." This Notice is intended to scare the
    taxpayer, as the IRS cannot actually Posted on Wednesday, February 3, 2010 at 4:52 pm
  • Feb 03

    Tax Problem -- IRS Final Notice o ...

    Tax Problem -- IRS Final Notice of Intent to
    Levy
    As I mentioned in my first entry on Notice of Intent to Levy (CP504),
    the IRS must give the taxpayer a formal Notice of Intent to Levy,
    before it can actually issue a levy against a taxpayer's wages,
    accounts receivable, social security benefits, and bank accounts. This
    Final Notice of Intent to Levy is that formal Notice. Of at least
    equal importance is the fact that the taxpayer now has the right to a
    Collection Due Process Hearing. The Notice, usually either CP90 or
    CP297, reads: Final Notice Notice Of Posted on Wednesday, February 3, 2010 at 4:52 pm
Rank This Ths Week: 1,690

Jensen Law Office Blog

Jensen Law Office Blog

Covers estate plans, probates, trust, business and elder law. By
Jensen Law Office, PLLC.

http://www.jensenestatelaw.com/
  • Feb 05

    Pre-Pay Estate Tax

    Pre-Pay Estate Tax
    Would you be willing to prepay estate taxes while you are alive, in
    exchange for a lower tax rate? This is the idea from Washington's
    own Sen. Maria Cantwell and it could lead to a permanent compromise on
    the on the Federal Estate Tax. (Dow Jones Newswire) As anyone who has
    studied the Roth IRA conversions can tell you, sometime pre-paying a
    tax makes sense. Pre-paying estate taxes isn't a new idea. In fact we
    have a special name for it. The Federal Gift Tax. Currently taxable
    gifts are taxed at the same Posted on Friday, February 5, 2010 at 6:50 pm
  • Feb 03

    The President's 2011 Budget and G ...

    The President's 2011 Budget and Groundhog's
    Day
    When I reviewed the President Obama's Budget, I felt like I was in the
    Bill Murray movie. Please Punxsutawney Phil, give us guidance! When it
    comes to the estate tax, this year's budget is a lot like last year's
    budget. They both assume that the 2009 estate tax exemption of $3.5
    million and tax rates continued into the future. Just like last year
    we are waiting for congressional action. And like last year, we will
    see another change in the law next year if congress and the President
    are unable to pass an Posted on Wednesday, February 3, 2010 at 3:32 am
  • Jan 31

    Will We Get a Two Year Extention?

    Will We Get a Two Year Extention?
    Something interesting happened today. The Senate passed a paygo or
    pay-as-you-go bill. The purpose of this legislation is to force some
    fiscal discipline on the legislative and executive branch. Although
    that sounds like a good idea, the legislation was only passed as part
    of a compromise to obtain support for the debt level increase from
    Senate Democrats and House Blue Dog Democrats. The Republicans are
    opposed to it, calling it "swiss-cheese-go" (Republican Judd Gregg)
    because of its exemptions. It is the Posted on Sunday, January 31, 2010 at 1:13 am
Rank This Ths Week: 1,709

Estates of Mind

Estates of Mind

Covers estate planning and wealth preservation. By Mark A. Ziebold.

http://estatesofmind.blogspot.com/
  • Jan 24

    Next Asset Protection Society Mee ...

    Next Asset Protection Society Meeting on 3/16
    The next meeting of the Asset Protection Society in Orange County will
    be held on Tuesday, March 16, at 7:00 PM at our offices located at
    3737 Birch Street, Suite 400, Newport Beach, California 92660. Our
    speakers will be Hilary Schneider and Marc Nelson of ESOP Corporate
    Resources and they will be speaking about various uses of ESOPs for
    employee compensation planning, asset protection, tax planning, and
    much more. If you would like to attend this meeting, please contact me
    to RSVP at Posted on Sunday, January 24, 2010 at 10:28 am
  • Jan 24

    The Next Business Killers Present ...

    The Next Business Killers Presentation on
    2/18
    The next Business Killers presentation will be held on Thursday,
    February 18 from 11:30 AM to 1:00 PM. This presentation covers
    important topics for business owners that I regularly see in my
    practice. Some of these topics are buy/sell agreements, key person
    insurance, valuations of businesses, business succession planning, and
    many others. If you are interested in learning more, then you can read
    about the presentation here: ( http://www.businesskillers.com ). If I
    can answer any questions about these Posted on Sunday, January 24, 2010 at 10:28 am
  • Jan 24

    Speaking at Signature Resources o ...

    Speaking at Signature Resources on 2/18
    I will be speaking at Signature Resources ( www.signatureresources.net
    ) on February 18, 2010, at 5:30 PM. The topic for this presentation is
    the changes to the estate tax laws, along with planning
    recommendations during this year that will benefit your estate no
    matter what changes ultimately occur in the future. If you are
    interested in attending this presentation, contact Wil Smith at
    Signature Resources at 949-794-1006 or wsmith@srifs.com . You may also
    contact me at mziebold@ferruzzo.com and I can give Posted on Sunday, January 24, 2010 at 10:28 am
Rank This Ths Week: 1,743

Death and Taxes - The Blog

Death and Taxes - The Blog

Covers charitable giving, estate and trust administration, estate tax,
gift tax, guardianships, probate, real estate and will contests. By
Joel A. Schoenmeyer.

http://www.deathandtaxesblog.com/
  • Feb 03

    A Little Advice For Young Attorneys

    A Little Advice For Young Attorneys
    I was recently asked by a 3rd year law student for some advice on how
    to succeed upon graduation. Basically, what I told her can be summed
    up in three words: "find your niche." I realize that this isn't a
    revolutionary idea, but I think too many young attorneys don't realize
    the importance of marketing yourself. What unique thing do YOU as a
    young attorney bring to the table? It can't just be intelligence and
    hard work -- most attorneys have those qualities. So how do you find
    your niche? The easiest way is Posted on Wednesday, February 3, 2010 at 11:20 am
  • Jan 28

    Movement in the Cook County Proba ...

    Movement in the Cook County Probate Court
    Attention Cook County probate practitioners: Judge James W. Kennedy of
    the Cook County Probate Court has retired, effective as of last Friday
    the 22nd of January. To replace him, Judge Mary Ellen Coghlan has
    moved over into deceased estates from guardianship, leaving the
    following judges for deceased estate matters: Calendar #2: Judge
    Budzinski (Chief Judge of the Probate Division), Room 1803 Calendar
    #8: Judge Coleman, Room 1804 Calendar #7: Judge Coghlan, Room 1802
    Calendar #11: Judge Malak, Room 1801 Posted on Thursday, January 28, 2010 at 2:24 am
  • Jan 28

    Property Schedules in Trusts

    Property Schedules in Trusts
    Here's a question I get a fair amount: "Should we list all of our
    property on a schedule attached to our living trusts?" I see trusts
    (usually older ones) with schedules attached, but my answer is
    typically "no." Property changes -- we buy a new house, switch our
    investment accounts from one custodian to another, and change our life
    insurance policies. To my mind, the schedule can raise confusion --
    why does it list Schwab account #12345678 when no records for this
    account can be found? A better solution is Posted on Thursday, January 28, 2010 at 2:24 am
Rank This Ths Week: 1,830

Atlanta Estate Planning Lawyer Blog

Atlanta Estate Planning Lawyer Blog

Covers powers of attorney, trusts, wills, and health care directives.
By The Adams Law Offices, LLC.

http://www.atlantaestateplanninglawyer.com/
  • Aug 28

    ATLANTA, GEORGIA, FIDUCIARY LAWYE ...

    ATLANTA, GEORGIA, FIDUCIARY LAWYERS SEE POWER
    OF ATTORNEY EXPLOITATION, MISUSE, AND ABUSE
    ON THE RISE - THIS IS ESPECIALLY TRUE WITH
    THE ELDERLY -- THERE IS LEGAL ACTION YOU CAN
    TAKE!
    The Atlanta, Georgia, fiduciary and Estate Litigation lawyers have
    seen a striking increase in the exploitation of the elderly through
    powers of attorney. Make no mistake about it; abusing the fiduciary
    duty imposed under Georgia law for the holder of a power of attorney
    is tantamount to stealing. It is white-collar crime at its worst. Our
    Atlanta, Georgia breach of fiduciary duty lawyers have significant
    experience in rectifying the misuse and abuse of a power of attorney.
    Our Firm is also aggressive in Posted on Friday, August 28, 2009 at 10:13 pm
  • Aug 07

    ATLANTA, GEORGIA, ELDER LAW, PROB ...

    ATLANTA, GEORGIA, ELDER LAW, PROBATE, AND
    ESTATE LITIGATION LAWYERS -- BEST PRACTICE
    GUIDANCE TO PROTECT THOSE WHO CANNOT PROTECT
    THEMSELVES -- BAILEY V. EDMUNDSON CASE STUDY
    Our Atlanta, Georgia, probate, estate, and fiduciary litigation law
    Firm has experienced a remarkable increase in the number of Georgia
    breach of fiduciary duty lawsuits we have litigated (or are presently
    litigating) over the past several years. Likewise, our wills, trusts,
    and estate attorneys have also seen a significant increase in the
    number of Georgia will contest lawsuits we have litigated (or are
    presently litigating). Perhaps the increase in Georgia breach of
    fiduciary duty and will contest Posted on Friday, August 7, 2009 at 3:20 pm
  • Aug 01

    ATLANTA, GEORGIA, WILLS, TRUSTS, ...

    ATLANTA, GEORGIA, WILLS, TRUSTS, AND ESTATE
    LITIGATION LAWYER: UNDUE INFLUENCE AND THE
    WILL CONTEST - BEST TO FIND OUT BEFORE IT IS
    TOO LATE
    As an Atlanta, Georgia wills, trusts and estate litigation lawyer, I
    am often asked by potential clients to determine if any undue
    influence has occurred with respect to a Georgia will, trust, power of
    attorney; or, other legal document. Our Atlanta, Georgia probate and
    estate lawyers have pending will contest cases in Atlanta, Georgia
    (Fulton County) Decatur, Georgia (DeKalb County), Marietta, Georgia
    (Cobb County), Lawrenceville, Georgia (Gwinnett County) and Macon,
    Georgia (Bibb County). As such, I have Posted on Saturday, August 1, 2009 at 7:30 pm
Rank This Ths Week: 1,857

Atlanta Tax Lawyer

Atlanta Tax Lawyer

Covers federal and state taxation of income, estates, gifts and
trusts. By Gary Britt.

http://www.atlantataxlawyer.info/
  • Jan 27

    The Health Coverage Tax Credit an ...

    The Health Coverage Tax Credit and the COBRA
    Subsidy
    The Health Coverage Tax Credit and the COBRA Subsidy Some people who
    are eligible for the COBRA subsidy, which has been extended through
    Feburary also qualify for the health coverage tax credit (HCTC) and
    may want to choose this more generous benefit, instead. The HCTC pays
    80 percent of health insurance premiums for those who qualify.
    Eligible individuals must be receiving Trade Adjustment Assistance
    benefits or be over the age of 55 and receiving pension payments from
    the Pension Benefit Guaranty Posted on Wednesday, January 27, 2010 at 1:13 pm
  • Jan 27

    Claiming The First-Time Home Buye ...

    Claiming The First-Time Home Buyer Credit
    IR-2010-6, Jan. 15, 2010 WASHINGTON - The Internal Revenue Service
    today released the new form that eligible home buyers need to claim
    the first-time home buyer credit this tax season and announced
    processing of those tax returns will begin in mid-February. The IRS
    also announced new documentation requirements to deter fraud related
    to the first-time home buyer credit. The new form and instructions
    follow major changes in November to the home buyer credit by the
    Worker, Homeownership, and Business Posted on Wednesday, January 27, 2010 at 1:13 pm
  • Jan 27

    Tax Credit Helps Pay for Higher E ...

    Tax Credit Helps Pay for Higher Education
    Expenses
    The American Recovery and Reinvestment Act was passed in early 2009
    and created the American Opportunity Credit. This educational tax
    credit - which expanded the existing Hope credit - helps parents and
    students pay for college and college-related expenses. Here are the
    top nine things the Internal Revenue Service wants you to know about
    this valuable credit and how you can benefit from it when you file
    your 2009 taxes. The credit can be claimed for tuition and certain
    fees paid for higher education in 2009 Posted on Wednesday, January 27, 2010 at 1:13 pm
Rank This Ths Week: 1,934

Tax & Business Law Commentary

Tax & Business Law Commentary

Comments on tax and business law developments. By Stuart Levine.

http://taxbiz.blogspot.com/
  • Jan 19

    Whips and Chains?

    Whips and Chains?
    The following question was posed on the Maryland State Bar
    Association's Small and Solo Practice listserv discussion group: Hello
    List, First let me start by saying I hope my question doesn't offend
    anyone but I wanted to hopefully find someone who could point me in
    the right direction. I had a potential client call today and ask me to
    draft a "Domination Contract." I had no idea what that was until the
    client explained that she has been requested to be a Dominatrix by
    someone else and she would like me to Posted on Friday, January 19, 2007 at 3:48 am
  • Jan 13

    Original Intent on Representing t ...

    Original Intent on Representing the Unpopular
    In 1770, a prominent Boston lawyer represented the Capt. Thomas
    Preston and the British soldiers after the Boston Massacre. They were
    immensely unpopular. This account of that lawyer's recollection of his
    retention for the defense was posted on October 20, 2006, on the blog,
    Boston 1775: The next Morning I think it was [i.e., 6 March 1770],
    sitting in my Office, near the Steps of the Town house Stairs, Mr.
    [James] Forrest came in, who was then called the Irish Infant. I had
    some Acquaintance with him. With Posted on Saturday, January 13, 2007 at 3:16 am
  • Jan 11

    Housekeeping

    Housekeeping
    This post is just to clear a problem between Blogger and Bloglines. Posted on Thursday, January 11, 2007 at 12:42 pm
Rank This Ths Week: 1,969

South Florida Estate Planning Law

South Florida Estate Planning Law

Covers South Florida estate planning, probate and tax law issues. By
David Shulman.

http://www.sofloridaestateplanning.com/
  • Feb 08

    States Struggle to Deal with Cong ...

    States Struggle to Deal with Congress's
    Shameful Estate Tax Mess
    The Year Without an Estate Tax continues. As I have previously
    written, due to Congress's extreme irresponsibility and inability to
    get anything done at all, the Estate and Generation Skipping taxes are
    repealed in 2010, but for one year and one year only. Last December,
    in a post entitled, The Real Danger of the Expiring Estate Tax:
    Existing Documents, I discussed that the biggest concern among estate
    planners is that none of the documents that we've been drafting for
    clients make any sense. They don't Posted on Monday, February 8, 2010 at 1:11 am
  • Feb 05

    Obama's Budget Proposal Reinstate ...

    Obama's Budget Proposal Reinstates Estate Tax
    at 2009 levels
    President Obama released his 2011 proposed budget yesterday. In it,
    the estate tax will be returned to the 2009 levels of a $3.5 million
    exemption and a 45% rate. Of course, a budget proposal is just that.
    Stay tuned Posted on Friday, February 5, 2010 at 2:48 pm
  • Feb 05

    Another Taxpayer Victory in a Fam ...

    Another Taxpayer Victory in a Family Limited
    Partnership Case
    On February 3, 2010, the Tax Court released it's decision in Estate of
    Shurtz v. Commissioner, This case is interesting for a number of
    reasons. First, even though it involves a family limited partnership,
    the case is not about the estate taking substantial discounts. In
    fact, the word "discount" is not even mentioned in the decision. Here,
    the IRS tried to argue that under section 2036, the full value of all
    the underlying assets contributed by the Decedent to the partnership
    should be included in the Posted on Friday, February 5, 2010 at 2:48 pm
Rank This Ths Week: 1,994

The Tax Law Forum

The Tax Law Forum

Covers Federal and Wisconsin tax law issues. By Rob Teuber.

http://www.taxlawforum.com/
  • Feb 07

    Friday's Tax Quote - February 5, 2010

    Friday's Tax Quote - February 5, 2010
    "There's nothing wrong with the younger generation that becoming
    taxpayers won't cure." - Dan Bennett Posted on Sunday, February 7, 2010 at 12:47 pm
  • Feb 02

    So You Received A Letter From The IRS

    So You Received A Letter From The IRS
    If the Internal Revenue Service is posting videos on YouTube, it
    certainly means that we are now truly and forever locked into the
    digital age. This being said, I like what it is that the IRS is doing
    with its video series. They recently posted the video below to help
    people who have received a notice from the IRS. I really believe that
    the IRS believes that they are helping. This is why I like this video.
    The video is set in the context of a letter that asserts an additional
    tax debt. So I will discuss it Posted on Tuesday, February 2, 2010 at 2:55 am
  • Jan 30

    IRS Allows 2009 Deductions for Ha ...

    IRS Allows 2009 Deductions for Haiti
    Contributions.
    The IRS has released information about the deductibility of
    contributions made to help those devastated by the earthquake in
    Haiti. In short, if you make a charitable contribution in support of
    Haiti relief efforts (by traditional means or by text message) before
    the end of February 2010, you can take a charitable contribution
    deduction on your 2009 tax return. Details are provided in the video
    below. More information can be found in the information from an IRS
    news release beneath the video and on Posted on Saturday, January 30, 2010 at 12:55 am
Rank This Ths Week: 1,999

Los Angeles Estate, Probate And Tax

Los Angeles Estate, Probate And Tax Law Blog

Covers estate planning, tax and probate law. Published by Moravecs, a
Professional Law Corporation.

http://losangelesestateprobatelawyer.blogspot.com/
  • Feb 02

    Potential Estate Tax Implications ...

    Potential Estate Tax Implications Of J.D.
    Salinger's Death
    "If you really want to hear about it, the first thing you'll probably
    want to know is where I was born, and what my lousy childhood was
    like, and how my parents were occupied and all before they had me, and
    all that David Copperfield kind of crap, but I don't feel like going
    into it, if you want to know the truth." "Catcher In The Rye" by J.D.
    Salinger (who passed away on January 28, 2010 at age 91 when there is
    no federal estate tax under current law) Famously reclusive, Salinger
    withdrew from public life, Posted on Tuesday, February 2, 2010 at 8:35 pm
  • Jan 27

    What Can Happen When Beneficiarie ...

    What Can Happen When Beneficiaries Fight Sale
    Of Asset Or Proposed Distribution In Bad
    Faith?
    A recent California Court of Appeal decision serves as a reminder that
    beneficiaries need to consider the downside if they decide to oppose
    the sale of an asset and proposed distribution. In other words,
    beneficiaries need to analyze whether their opposition to a proposed
    sale or distribution is "objectively" in "good faith." An experienced
    probate litigation attorney, trust and estate attorney or beneficiary
    attorney can often help beneficiaries see the "objective" viewpoint.
    Sometimes, however, emotions Posted on Wednesday, January 27, 2010 at 10:45 am
  • Jan 21

    NYT Article: "A Bizarre Year For ...

    NYT Article: "A Bizarre Year For The Estate
    Tax Will Require Extra Planning"
    Given the uncertainty in the estate tax this year which I have written
    about previously, estate planning may require new strategies for
    various wealth levels. Paul Sullivan has authored an article in the
    January 8, 2010 New York Times entitled "A Bizarre Year For The Estate
    Tax Will Require Extra Planning." This article is a good summary of
    current thinking on this issue and includes some common sense advice
    such as having one's will and estate plan reviewed in these uncertain
    times. The consensus among Posted on Thursday, January 21, 2010 at 3:43 pm
Rank This Ths Week: 2,153

Tax Information for People with

Tax Information for People with Disabilities
by Paul Nidich, J.D., LL.M.

Covers tax matters affecting people with disabilities. By Paul Nidich.

http://paulnidich.blogspot.com/
  • Dec 21

    Informative Comments on Health Ca ...

    Informative Comments on Health Care Reform by
    California Nurses Association
    Once again, Medical News Today publishes a timely and informative
    comment about the recently House passed Health Care reform bill. Rose
    Ann DeMoro, Executive Director of the California Nurses
    Association/National Nurses Organizing Committee, issued a statement
    on November 9th noting some of the strengths and shortcomings: Of all
    the torrent of words that followed House passage of its version of
    healthcare reform legislation in early November, perhaps the most
    misleading were those comparing it to enactment Posted on Monday, December 21, 2009 at 9:21 pm
  • Dec 21

    REPUBLICAN OBSTRUCTIONISM

    REPUBLICAN OBSTRUCTIONISM
    Senator Judd Gregg (R - NH) has written a letter to his Republican
    colleagues reminding them of most, if not all, Rules of the Senate
    that can be used to prevent a final vote on any bill being considered
    by the Senate, but directly aimed at the current Health Care Reform
    bill. When one looks at these devices, it is clear that the "Greatest
    Deliberative Body" can be tied into knots by even one reckless
    Senator, much less all Republicans acting in concert. So far, the
    Republicans' bark is worse than its bite. Posted on Monday, December 21, 2009 at 9:21 pm
  • Dec 21

    UNEMPLOYMENT FALLS IN NOVEMBER

    UNEMPLOYMENT FALLS IN NOVEMBER
    Contrary to the expectation of economists and the wishes of the
    Republican leadership in Congress, unemployment fell in November from
    10.2% to 10.0%. The number of jobs lost in November fell from 190,000
    in October to just 11,000 in November. Read the article in "The Hill." Posted on Monday, December 21, 2009 at 9:21 pm
Rank This Ths Week: 2,194

Future of the Federal Estate Tax

Future of the Federal Estate Tax

Covers estate tax reform. By Hani Sarji.

http://mhs.typepad.com/threepointfive-45/
  • Jan 10

    For farmers and ranchers, a repea ...

    For farmers and ranchers, a repealed estate
    tax may not bring relief
    The post titled Federal Estate Tax in Limbo for 2010 on the OSU
    Extension Farm Succession Blog provides at least three reasons why the
    repeal of the federal estate tax might not provide relief for farmers
    (and ranchers) in 2010: Limited step-up in basis. "[T]here will be
    only a limited step-up in basis." The following reminder from the post
    is important: "As a reminder, tax liability due to capital gain is not
    triggered until sale of the appreciated asset." Record keeping
    nightmare. "The Executor will be Posted on Sunday, January 10, 2010 at 10:58 pm
  • Jan 10

    Roundup of some recent posts and ...

    Roundup of some recent posts and articles on
    the federal estate tax
    Below are a few of the many posts and articles on the federal estate
    tax: Richard Behrendt,On the Money: Don't count on an estate tax
    repeal, BizTimes (1/8/10). Stating, "[t]he chances that Congress will
    make the repeal of the estate tax permanent beyond 2010 are somewhere
    between slim and none." This statement is true, but the chances of the
    federal estate tax being repealed in 2010, even temporarily, were
    thought to be "between slim and none." So, at this point I think even
    Congress doesn't know what its Posted on Sunday, January 10, 2010 at 10:58 pm
  • Jan 10

    NY Times: estate tax requires ext ...

    NY Times: estate tax requires extra planning
    in 2010
    On January 8, 2010, the New York Times published, A Bizarre Year for
    the Estate Tax Will Require Extra Planning, by Paul Sullivan. The NY
    Times explains that Sullivan "writes about strategies that the wealthy
    use to manage their money and their overall well-being." As indicated
    by its subheadings, this article is also targeted to the wealthy, but
    it also has information that has broader application. Sullivan quotes
    Christopher Zander, a partner at Evercore Wealth Management, who
    explains that the law in Posted on Sunday, January 10, 2010 at 10:58 pm
Rank This Ths Week: 2,325

Tax Plus Blog

Tax Plus Blog

Covers UK tax issues. By Mercer & Hole.

http://taxplus.mercerhole.co.uk/
  • Dec 10

    Pre-Budget Report 2009 - offshore ...

    Pre-Budget Report 2009 - offshore accounts
    200% penalties
    Buried in one of the consultative documents that accompanied the
    Pre-Budget Report are proposals to charge penalties of up to 200% in
    respect of offshore bank accounts. Posted on Thursday, December 10, 2009 at 7:23 am
  • Dec 09

    Pre-Budget Report 2009

    Pre-Budget Report 2009
    Until this morning I, along with many of my colleagues, was
    anticipating a comprehensive Pre Budget Report, which would set out
    Labour's stall in advance of the election next year. Posted on Wednesday, December 9, 2009 at 11:08 am
  • Dec 09

    Pre-Budget Report 2009 - furnishe ...

    Pre-Budget Report 2009 - furnished holiday
    lets
    The Chancellor has confirmed that the furnished holiday lettings rules
    will be withdrawn from 2010/11. Posted on Wednesday, December 9, 2009 at 6:46 am
Rank This Ths Week: 2,337

Wealth Law Blog

Wealth Law Blog

Covers building, protecting and distributing wealth. By Samuels Yoelin
Kantor Seymour & Spinrad LLP.

http://www.wealthlawblog.com/
  • Feb 03

    Estate Tax Legislative Update

    Estate Tax Legislative Update
    On January 20, 2010, the U.S. Senate took an unusual procedural step
    in placing HR 4154, the "Permanent Estate Tax Relief for Families,
    Farmers, and Small Businesses Bill of 2009" directly on the Senate
    calendar. In taking this action, the Senate is in the position to
    completely... Posted on Wednesday, February 3, 2010 at 12:33 pm
  • Jan 28

    Recent Legislation: Oregon Unifor ...

    Recent Legislation: Oregon Uniform Adult
    Guardianships
    From time to time, we will publish blurbs on recent local court
    opinions and state legislation: Senate Bill 238 Oregon Senate Bill 238
    enacts the Uniform Adult Guardianship and Protective Proceedings
    Jurisdiction Act. It is broken into five different articles that
    provide a uniform procedure... Posted on Thursday, January 28, 2010 at 3:12 am
  • Jan 22

    Recent Legislation: Elective Spou ...

    Recent Legislation: Elective Spouse Share
    From time to time we will publish recent cases and legislation: House
    Bill 3077 (pdf) House Bill 3077 completely revamps the spousal
    elective share statute in Oregon. Oregon is one of several states to
    enact a more modern elective share statute which attempts to account
    for the... Posted on Friday, January 22, 2010 at 3:40 am
Rank This Ths Week: 2,469

Tax Law and Business Organization

Tax Law and Business Organization Strategy

Providing information and updates on tax law. Published by Sprouse
Schrader Smith PC.

http://taxlaw.sprouselaw.com/
  • Dec 16

    Costs of Forming and Maintaining ...

    Costs of Forming and Maintaining Entities
    I form and maintain many entities each year for my clients. Since I am
    located in Texas, I form mostly Texas entities. But I am frequently
    asked to form entities elsewhere -- mainly Nevada and Delaware. I
    always assumed that the filing fees and simlar charges made by Nevada
    and Delaware were less than those in Texas (not counting the cost of
    maintaining a registered office if you weren't actually located
    there). But the other day, I was informed that Nevada was going to
    start strictly enforcing its charges Posted on Wednesday, December 16, 2009 at 11:30 am
  • Sep 10

    Joint Committee on Taxation Descr ...

    Joint Committee on Taxation Description of
    Business Tax Changes in President's 2010
    Budget
    The staff of the Joint Committee on Taxation has released a
    comprehensive study on the business tax changes included in the
    President's FY 2010 budget proposal, as submitted to Congress on May
    7, 2009. For a list of the proposed business tax changes, read on. For
    tax years beginning after 2010, keeping the Code Sec. 179 expensing
    amount and investment-based phaseout at $125,000 and $500,000
    respectively (under current law, after 2010, the amounts will fall to
    $25,000 and $200,000, respectively). For Posted on Thursday, September 10, 2009 at 3:18 pm
  • Aug 27

    Ninth Circuit rules that ESOP Tru ...

    Ninth Circuit rules that ESOP Trustees'
    Payment of Excessive Executive Compensation
    Could be Breach of Fiduciary Duty
    The Ninth Circuit has ruled that, where one of an ESOP's trustees was
    also the company's president, and on its board of directors, the
    trustees' "business decisions" leading to the payment of excessive
    executive compensation to the company president could constitute a
    breach of ERISA fiduciary responsibility to the ESOP. Johnson v.
    Couturier, (2009, CA9) 572 F.3d 1067. The court also ruled that ERISA
    preempted the indemnification agreements provided by the company to
    the president as a director and ESOP Posted on Thursday, August 27, 2009 at 2:38 pm
Rank This Ths Week: 2,521

You and Yours Blawg

You and Yours Blawg

Covers business law, elder law, estate planning and tax law. By
Deirdre R. Wheatley-Liss.

http://youandyoursblawg.blogspot.com/
  • Feb 18

    Tax Law Changes in Stimulus Bill

    Tax Law Changes in Stimulus Bill
    Category: Tax Law and Planning Well, the bohemoth stimulus package has
    passed - what now? and how will it efftect you? A summary of the tax
    law changes in the bill curtesy of JH Cohn. Economic Stimulus Bill
    Contains Numerous Tax Changes On February 17, 2009 President Obama
    signed The American Recovery and Reinstatement Act of 2009 into law.
    The legislation commonly referred to as the economic stimulus bill is
    a close to $800 billion stimulus package that includes nearly $300
    billion in tax relief. The major Posted on Wednesday, February 18, 2009 at 10:59 pm
  • May 05

    Survey Says! Majority of American ...

    Survey Says! Majority of Americans don't have
    Wills
    Category: Estate Planning In looking for some statistical evidence of
    the extent to which Americans don't have an estate plan, I came across
    this Lexis-Nexis Press Release: Majority of American Adults Remain
    Without Wills, New lawyers.comSM Survey Finds. Of note: "[O]ver half
    (55 percent) of all adult Americans do not have a will, a new survey
    shows, a percent that has remained virtually unchanged over the past
    three years." "Among non-white adults, the lack of wills is even more
    pronounced. Only one in Posted on Monday, May 5, 2008 at 10:03 am
  • Oct 08

    When do I need to look at my Will ...

    When do I need to look at my Wills again?
    Category: Estate Planning Congratulations! Unlike the vast majority of
    Americans, you have a Last Will and Testament. You have created an
    appropriate distribution scheme to take into account your family,
    assets, and goals. Now what? To continue to fit your needs, a Last
    Will and Testament, and indeed your entire Estate Plan, need to evolve
    over time. Not only does the law change, but you change - your family
    situation, your financial situation, your goals. Courtesy of Florida
    Estate Planning Lawyer Blog, Posted on Monday, October 8, 2007 at 2:22 am
Rank This Ths Week: 2,554

409A Dismay

409A Dismay

Covers IRS regulations regarding deferred compensation. By Richard S.
Meisner.

http://409adismay.blogspot.com/
  • Jan 29

    BNA Webinar Provides Some Clarity ...

    BNA Webinar Provides Some Clarity on Notice
    2010-6
    Guidance provides reasonable solutions as to how to fix plan document
    problems, and possibly avoid or limit tax penalties. However, rules
    are complex and even more guidance will be needed to outline the
    correction procedures. Mr. Tackney indicated a revenue procedure may
    be issued down the road. BNA - Groom Law Release HERE Posted on Friday, January 29, 2010 at 2:27 pm
  • Jan 26

    Exec Comp Audits to leave "No Sto ...

    Exec Comp Audits to leave "No Stone Unturned"
    6,000 audits will be "deeper" and "more intensive" than typical audits
    - Article HERE "The 6,000 exams, to be conducted over three years,
    will be deeper than typical audits and look at fringe benefits such as
    executive use of corporate jets, company cars and other reimbursements
    arrangements, Arcidiacono said. "The examiners have been instructed to
    leave no stone unturned," he said on a recent call with clients. The
    IRS has not taken a systematic focus on employment issues in decades,
    according to tax Posted on Tuesday, January 26, 2010 at 11:10 am
  • Jan 23

    Webinar on 409A Audits and Enforc ...

    Webinar on 409A Audits and Enforcement
    I wanted to share this information regarding a BNA webinar relating to
    the IRS' audit activities on January 28, 2010. HERE "The IRS is
    signaling more §409A enforcement. The agency's recent audit activity
    and document requests requiring comprehensive disclosures about plans
    and individuals subject to §409A confirm this trend. Plan document
    and operational errors should be identified and corrected to avoid
    heavy tax penalties. Our panel of experts from the IRS and a leading
    law firm will analyze new IRS Posted on Saturday, January 23, 2010 at 11:24 am
Rank This Ths Week: 2,646

The Property Tax Blog

The Property Tax Blog

Covers tax decisions and property tax reform. By Jonathan M.
Bernstein.

http://www.thepropertytaxblog.com/
  • Feb 07

    Revaluation Appeal Deadline is Ma ...

    Revaluation Appeal Deadline is May 1, 2009
    If you live in a town in New Jersey that is having a revalution, the
    deadline to file your appeal in May 1, 2009. When a town performs a
    municipal revaluation, the assessment is at 100% of market value. The
    date of valuation is October 1, 2008. A property owner has the right
    to challange the assessor's valuation by filing an appeal by May 1,
    2009. The appeal must be in the office of the County Tax Board or the
    office of the Administrator of the New Jersey Tax Court located in in
    Trenton, New Jersey by 4PM Posted on Saturday, February 7, 2009 at 5:56 pm
  • Feb 01

    Assessment Cards Are In The Mail

    Assessment Cards Are In The Mail
    Tax assessment cards are now in the mail. Pursuant to N.J.S.A.
    54:4-38.1, every municipal tax assessor, prior to February 1, shall
    provide, by mail, each taxpayer with the current assessment on the
    taxpayer's property and the property taxes that were levied on the
    property the preceding year. Thereafter, the assessor or county board
    of taxation shall notify each taxpayer by mail within 30 days of any
    change to the assessment. Accordingly, all property owners should now
    be on the lookout for their assessment Posted on Sunday, February 1, 2009 at 8:35 am
  • Jan 29

    A State-Wide Reassessment of Homes?

    A State-Wide Reassessment of Homes?
    A Letter from New Jersey Senator Robert Singer (R-30) and New Jersey
    Senate Republican Leader Tom Kean (R-21) was recently sent to New
    Jersey Governor Jon Corzine which urged a state-wide reassessment of
    homes. At first blush, such a proposal seems to violate the New Jersey
    Constitution's Uniformity Clause (art. VIII, sec. 1, para. 1(a)), as
    the proposal would irrationally treat residential and commercial
    properties differently. Nonetheless, it is a novel concept and one
    that only underscores the dire Posted on Thursday, January 29, 2009 at 3:54 pm
Rank This Ths Week: 2,726

Tax Blog

Tax Blog

Covers IRS and Colorado tax issues. By W.L. Henry LLC.

http://wlhenry.com/tb
  • Sep 28

    Our Five Favorite Frivolous Tax A ...

    Our Five Favorite Frivolous Tax Arguments
    As attorneys, we see a variety of legal issues and novel legal
    theories each day. Sometimes, our prospective clients have their own
    ideas of good legal theories. In the tax realm, there seems to be an
    abundance of websites and paid consultants to "help" the misguided
    taxpayer. Here are our top five frivolous tax arguments guaranteed to
    get you in hot water with the IRS: 1. Filing and Paying Income Tax is
    Voluntary: The argument goes that the IRS itself, even in its own
    publications, states that filing a tax Posted on Monday, September 28, 2009 at 3:20 pm
  • Jan 30

    Will I have to pay tax if I lose ...

    Will I have to pay tax if I lose my home in a
    foreclosure?
    Every mortgage loan has two parts, a note and a deed of trust. The
    note is your debt to the mortgage company. The deed of trust is the
    document secures the debt with your home. If you get behind on your
    payments, the mortgage company may foreclose on your home and sell it
    at an auction. The difference between your loan amount and what the
    mortgage company sold it for can create a deficiency. (For example, if
    you have a $300,000 mortgage loan and the house sells for $200,000 at
    a foreclosure auction, there Posted on Friday, January 30, 2009 at 9:24 pm
  • Jan 19

    How does $56.4 billion sound?

    How does $56.4 billion sound?
    The IRS recently released its annual enforcement figures for its 2008
    fiscal year. The bottom line-$56.4 billion in enforcement revenue
    collected. Collecting the billions required the IRS to issue over 2.6
    million tax levies (IRS garnishments and bank levies) and 750,000 tax
    liens on taxpayers' property. Many of these levies and liens occurred
    after taxpayers failed to file their tax returns or pay tax. Tax
    levies and lien normally occur after numerous notices from the IRS.
    Taxpayers can stop tax levies and Posted on Monday, January 19, 2009 at 8:39 pm
Rank This Ths Week: 2,758

Texas State & Local Tax Law Blog

Texas State & Local Tax Law Blog

Insight and commentary on Texas state and local tax developments.
Published by Alan E. Sherman, Attorney at law.

http://www.txsaltlaw.com/
  • Feb 05

    The Combs v. Chevron opinion is o ...

    The Combs v. Chevron opinion is out, and it's
    big news for the Texas state tax world
    Today's sales tax opinion from the Texas Third Court of Appeals in
    Austin, Combs v. Chevron USA, Inc., No. 03-07-00127-CV, is big news
    for its treatment of both substantive tax law and tax procedure. The
    substantive issue was whether temporary scaffolding supplied by a
    third party to a refinery undergoing maintenance was a nontaxable
    service or the taxable rental of tangible personal property. The
    procedural question was whether a court can consider a refund issue
    that was presented to the Texas Comptroller Posted on Friday, February 5, 2010 at 8:13 pm
  • Jan 30

    Too much product modification cou ...

    Too much product modification could cost a
    seller its favorable tax rate
    As mentioned in a previous post captioned "Amended Comptroller rules
    solve the rental income flow-through problem and make other changes,"
    the Texas Comptroller of Public Accounts recently amended several
    administrative rules applicable to the revised franchise tax, or
    "Margin Tax." One of the amended regulations, Rule 3.584 ("Margin:
    Reports and Payments"), includes a change that would double the tax
    rate - from 0.5% to 1% - for any wholesaler or retailer that earns
    more than half of its revenue from Posted on Saturday, January 30, 2010 at 3:00 am
  • Jan 04

    Predicting some Texas tax develop ...

    Predicting some Texas tax developments in
    2010
    Now that the New Year has begun, it's time to look into our crystal
    ball and make some predictions about Texas tax developments during
    2010. A few developments expected from the Comptroller of Public
    Accounts, the state Courts and the Legislature are summarized below.
    Future posts will cover them in more detail when - and if - they
    actually occur. The Comptroller. During 2009, the agency circulated
    many draft administrative rules for comment by practitioners and other
    interested parties. A few of the drafts Posted on Monday, January 4, 2010 at 7:14 am
Rank This Ths Week: 2,775

Towson Tax Attorney

Towson Tax Attorney

Covers taxes, business law, and estate planning. By Jeffrey Rogyom.

http://towsontax.com
  • Feb 03

    Tax Installment Agreements - Paym ...

    Tax Installment Agreements - Payment Plans
    If you are unable to pay the Internal Revenue Service for taxes you
    owe, you may be able to qualify for a tax payment plan. The IRS calls
    such payment plans an Installment Agreement. Your state, including
    Maryland, also may offer similar tax payment plans. While most would
    prefer to obtain an offer in compromise, which reduces the total tax
    debt, many will not qualify because either their income is too high
    (by IRS standards) or the taxpayer has too many assets, which includes
    home equity. Thus, that Posted on Wednesday, February 3, 2010 at 12:27 am
  • Jan 09

    Where Should You Form Your Entity?

    Where Should You Form Your Entity?
    When forming a new LLC or corporation many contemplate whether it's
    better to form their entity in their home state or in another, such as
    Delaware or Nevada. For most small businesses, the best state for
    formation is its home state. Many believe their businesses will
    receive tax or legal benefits for forming in an alternative state, and
    legal document mills often perpetuate these beliefs to sell
    incorporation packages. While some businesses benefit from the
    differing tax laws of other states, the vast Posted on Saturday, January 9, 2010 at 4:34 pm
  • Jan 09

    Form a Maryland LLC for Real Esta ...

    Form a Maryland LLC for Real Estate
    Investments
    When purchasing real estate for investment, you should be concerned
    about the liability your investment property can create. Often, your
    biggest worry will be paying the mortgage, but don't think that's the
    extent of your possible liability. A personal injury attorney could
    turn your retirement investment into a wealth destroying nightmare
    unless you protect your assets. The most common way to minimize your
    potential liabilities would be to have your properties held by and
    managed by a separate entity with Posted on Saturday, January 9, 2010 at 4:34 pm
Rank This Ths Week: 2,800

New York Trusts & Estates Law

New York Trusts & Estates Law Blog

Covers New York wills, trusts, estates, and elder law. By Saul
Elnadav.

http://trustsestateslaw.com
  • Jan 21

    Will Congress' inaction on the es ...

    Will Congress' inaction on the estate tax
    cause more deaths in 2010?
    Paul L. Caron, the TaxProf blogger, provided the following chart from
    a 2006 article by Joshua S. Gans and Andrew Leigh, "Toying with Death
    and Taxes: Some Lessons from Down Under". The chart purports to show
    that a significant number of the deaths in Australia were shifted from
    the week before to the week after July 1, 1979, the date on which the
    estate tax was abolished in Australia. I haven't read the article by
    Gans and Leigh, and statistics and interpreting raw data are not my
    areas of expertise. I was Posted on Thursday, January 21, 2010 at 8:04 pm
  • Jan 09

    Will contests: surviving summary ...

    Will contests: surviving summary judgment
    Surrogate Calvaruso of Monroe County issued a decision in Matter of
    Feller on January 4, 2010, worth reading for its succinct summary of
    some of the burdens of proof and presumptions that have to be overcome
    to survive summary judgment in a will contest. In Feller, the
    decedent's will left her estate to 10 charities and 4 individuals in
    equal shares. Eight of her 11 distributees filed objections based upon
    due execution, testamentary capacity and undue influence. The Attorney
    General, on behalf of the Posted on Saturday, January 9, 2010 at 5:45 pm
  • Dec 25

    Halachic Wills & Estates Seri ...

    Halachic Wills & Estates Series by the
    Bais HaVaad
    The Bais HaVaad Institute of Talmudic Law is presenting a seven part
    internet lecture series on halachic wills and estates. I mentioned the
    introductory lecture by Rabbi Ari Marburger in my post on the Estate
    of Max Feinberg. The second lecture, also by Rabbi Marburger, surveyed
    the various principles that are relevant to the halachic
    enforceability of wills, including whether a valid kinyan
    (transaction) can be accomplished by executing a will, the extent to
    which halacha incorporates domestic law (dina Posted on Friday, December 25, 2009 at 8:47 pm
Rank This Ths Week: 2,848

Tax Masters Blog

Tax Masters Blog

Discusses IRS tax relief, tax representation, and topical tax
information. By Patrick Cox.

http://www.txmstr.com/blog
  • Jan 04

    Filing Delinquent Tax Returns

    Filing Delinquent Tax Returns
    Have a Delinquent Tax Return… or Two… or Three? Delinquent tax
    returns can mean big trouble for US taxpayers. With the current
    administration calling for more revenue officers and the IRS ramping
    up audits and looking to trim the tax gap, taxpayers who have not
    filed past-due tax returns are at serious risk. If you or someone you
    know did not file a 2008 tax return, you need to take action now and
    file that delinquent return before the IRS contacts you. The penalties
    and interest the IRS assess can increase Posted on Monday, January 4, 2010 at 7:28 am
  • Oct 20

    Random Employment Tax Audits Rising

    Random Employment Tax Audits Rising
    We learned recently at TaxMasters, Inc. (TAXS) that more tax audits
    are on the horizon. With the current tax gap weighing heavily on the
    IRS, agents are looking for revenue wherever they can find it. IRS
    audits are always a source of heartburn for the taxpayer being
    audited, but when a business gets audited, the potential for disaster
    threatens not just one person, but every person who depends on that
    business for income, products, and services. If your business is
    facing an audit, TaxMasters offers the tax Posted on Tuesday, October 20, 2009 at 1:16 pm
  • Sep 23

    Have an October 15 Tax Problem?

    Have an October 15 Tax Problem?
    October 15 Tax Problems So you waited until the last minute and
    couldn't get all your documentation in order on Monday or Tuesday. By
    the time Wednesday, April 15 arrived, you knew you were too late and
    weren't going to meet the IRS income tax filing deadline. Odds are you
    filed an extension using IRS Form 4868. If you did that, pat yourself
    on the back. Too many taxpayers simply let the filing go and don't
    look back until the IRS forces them to. Do You Have Unfiled Tax
    Returns? If you did not file your Posted on Wednesday, September 23, 2009 at 7:55 am
Rank This Ths Week: 2,866

Los Angeles Business and Tax Lawyer

Los Angeles Business and Tax Lawyer Blog

Covers bankruptcy, business and tax law in California. By Greenberg
Glusker.

http://www.losangelesbusinesstaxlawyer.com/
  • Nov 02

    Security Interests In Partnership ...

    Security Interests In Partnership or LLC
    Interests
    If you have a security interest in a partnership or LLC interest, you
    probably perfected that security interest by filing a UCC financing
    statement against the debtor. And if you were the first to file
    against most partnership or LLC interests, you had first priority upon
    filing. However, you would probably be shocked to find out that a
    party who subsequently obtains a security interest can jump your
    priority. In broad terms, this problem arises if the interest in the
    partnership or LLC becomes a Posted on Monday, November 2, 2009 at 10:33 am
  • Nov 02

    IRS Pre-Submission Conferences

    IRS Pre-Submission Conferences
    If you are considering requesting a private letter ruling from the
    IRS, there is a process which can save you significant time and
    expense. Prior to submitting an extensive private ruling request, you
    can first file a request for a pre-submission conference. This
    procedure allows the IRS to evaluate a brief overview of the issue,
    after which the IRS will recommend that you (a) schedule a conference
    with IRS attorneys to discuss the matter further, (b) submit a
    full-fledged private ruling request, or (c) not Posted on Monday, November 2, 2009 at 10:15 am
  • Jul 27

    Involuntary Bankruptcies

    Involuntary Bankruptcies
    Los Angeles has recently seen a spate of involuntary bankruptcies.
    What is an involuntary bankruptcy? An involuntary bankruptcy is a
    bankruptcy filed not by the debtor, but by the debtor's creditors.
    Thus the "involuntary" bankruptcy. There are certain circumstances
    which must exist for a creditor or group of creditors to be allowed to
    put their debtor into bankruptcy. First, these petitioning creditors
    must have claims which are both (a) not contingent as to liability,
    and (b) not subject to a bona fide Posted on Monday, July 27, 2009 at 11:37 am
Rank This Ths Week: 2,900

A Taxing Blog

A Taxing Blog

Focuses on tax policy. By University of Colorado law professor Vic
Fleischer.

http://vic.typepad.com/taxingblog/
  • Jul 07

    Making Work Really Pay

    Making Work Really Pay
    For those of you who may still be wandering around A Taxing Blog out
    of habit or errant Google searches, I'm posting over at Conglomerate
    now. Today's installment -- liveblogging Stephen Holt's paper on
    Making Work Really Pay at the American Tax Policy Institute. Posted on Thursday, July 7, 2005 at 8:22 pm
  • Jul 05

    Conglomerate

    Conglomerate
    It's official: I will be posting over at Conglomerate starting today.
    I'll keep this site active and post occasionally with thoughts that
    are too tax-nerdy for a general audience. And perhaps, if and when the
    tax reform commission comes out with something interesting this fall,
    I'll organize a MoBlog here. 'Til then, come visit at Conglomerate. Posted on Tuesday, July 5, 2005 at 8:07 am
  • Jun 30

    Merger Rumors

    Merger Rumors
    Conglomerate has launched a takeover bid, apparently trying to become
    the WalMart of the business blogosphere. See below: Merger Talks Spark
    Debate for Blog Governance Reform By Mark Felt, Staff Reporter The
    Blawgosphere was rocked today by takeover rumors surrounding A Taxing
    Blog, a niche blog with a small but devoted readership. Taxing Blog, a
    privately-held entity, has been an enormously successful start-up in
    recent weeks, unless one considers profitability, influence, or
    traffic. The purported Posted on Thursday, June 30, 2005 at 12:52 pm
Rank This Ths Week: 2,996

DEHNEN.Blog

DEHNEN.Blog

Covers German tax news.

http://www.dehnenblog.com/eng
  • Jan 24

    German Tax Audit - mere size of c ...

    German Tax Audit - mere size of company does
    not justify one-year term of tax audit
    In early October, the Finance Court of Cologne published its decision
    of 7 July 2009 regarding the lawfulness of short-term tax audits. In
    the case under consideration, the taxpayer was classified as a "large"
    firm based on its profit and turnover. The local tax authority chose
    the plaintiff for a tax audit that would cover only the year 2007. The
    plaintiff appealed against the order asking for a preliminary
    injunction (vorläufiger Rechtsschutz) against the conduct of the tax
    audit. The court granted the Posted on Sunday, January 24, 2010 at 10:15 am
  • Jan 21

    Tax Audits: No Unlimited Right to ...

    Tax Audits: No Unlimited Right to Request
    Data
    On 23 September 2009, the German Federal Fiscal Court published a
    decision from 24 June 2009 in which it held that the German tax
    authorities' right to request data within the scope of a tax audit
    does not exceed the taxpayer's obligation to keep records and that the
    tax authorities have no right to demand additional data which a
    taxpayer creates voluntarily if such data is not required by law. In
    the case under consideration, the taxpayer kept records to the extent
    legally required and also used an Posted on Thursday, January 21, 2010 at 8:06 pm
  • Jan 21

    Act for the Acceleration of Econo ...

    Act for the Acceleration of Economic Growth
    Announced
    On 9 November 2009, the German government announced a draft Act for
    the Acceleration of Economic Growth (Gesetz zur Beschleunigung des
    Wirtschaftswachstums or Wachstumsbeschleunigungsgesetz, hereinafter
    the "Economic Growth Act". This act is intended to implement some of
    the election pledges of the newly elected coalition government. The
    Economic Growth Act therefore contains several amendments to recent
    legislation intended to limit the negative consequences to the German
    economy resulting from the current Posted on Thursday, January 21, 2010 at 8:06 pm
Rank This Ths Week: 3,105

Tax Blog

Tax Blog

Discusses tax law, tax legislation, and other IRS tax happenings. By
Kreig Mitchell.

http://www.irstaxtrouble.com
  • Aug 04

    Using a Subchapter S Corporation ...

    Using a Subchapter S Corporation to Reduce
    Payroll Taxes for a Sole Proprietorship or
    Partnership?
    Sole proprietors and partners who provide services to their
    partnership business have to pay self-employment taxes on the income
    they earn from the business. Self-employment taxes include Social
    Security and Medicare taxes. The owner of the sole proprietorship is
    then able to deduct one half of this amount in determining his federal
    income tax liability. With [...] Posted on Monday, August 4, 2008 at 6:40 pm
  • Aug 01

    IRS Provides Guidance on Whistleb ...

    IRS Provides Guidance on Whistleblower
    Informant Program
    The IRS whistleblower program allows taxpayers to obtain payment from
    the IRS for providing information about alleged tax wrongdoing by
    other taxpayers. According to the new guidance issued by the IRS,
    there has been a significant increase in the number and quality of
    informant claims. The guidance sets out a three-step process for
    handling whistleblower [...] Posted on Friday, August 1, 2008 at 2:41 am
  • Jul 30

    Hiring A Tax Attorney to Abate A ...

    Hiring A Tax Attorney to Abate A Tax Penalty
    Tax penalties present taxpayers with unique issues to consider. Wilson
    v. Commissioner, T.C. Summary Opinion 2008-91, describes the situation
    where a tax attorney represents a taxpayer with a tax penalty that was
    imposed for a tax return prepared by the attorney's firm. The issue
    that the case describes is the conflict of interest that the [...] Posted on Wednesday, July 30, 2008 at 4:19 am
Rank This Ths Week: 3,202

from milan to mumbai

from milan to mumbai

Post and riposte from a resolutely cranky but creative law professor,
emphasizing international and comparative tax law... by Michael
Livingston

http://mikelivingston.blogspot.com/
  • Jan 27

    the state of the union

    the state of the union
    I'm not quite sure what to think. He seems to be moving back to the
    middle, talking about things like tax cuts and competition and so
    forth, and that's a good thing. But he's very, very diffuse and seems
    weirdly detached from the political environment, a little bit like he
    was still a candidate rather than a second-year president. I still
    think he needs to reshuffle his staff so as to offload the job of
    prime minister and focus on what he does best: providing a general
    theme and direction to the country Posted on Wednesday, January 27, 2010 at 9:05 pm
  • Jan 24

    a bad week for the liberal consensus

    a bad week for the liberal consensus
    When I went to law school in the late 70s-early 80s we learned a
    pretty coherent view of the world. Religion, and values generally,
    were private matters. The economy was capitalist, but that was OK,
    because the long-term trend was toward more Government intervention on
    behalf of the poor and defenseless and likely to stay that way.
    Individual rights--the right to birth control, abortion, sexual
    preference, and a virtually unlimited right of free speech--would
    continue to grow, with the First Amendment, Posted on Sunday, January 24, 2010 at 8:06 pm
  • Jan 22

    china, google, and tom friedman

    china, google, and tom friedman
    In the "same newspaper, same day" category: Tom Friedman has a column
    today on how effectively China's leaders are managing their economy,
    while page A1 of the Times has a story on how Google--not known for
    political courage--may leave China in response to censorship by the
    Chinese Government. It seems that someone, presumably with Government
    approval, launched a sophisticated barrage of cyberattacks aimed at
    shutting down the gmail [Google] accounts of political dissidents. The
    Times and other news outlets Posted on Friday, January 22, 2010 at 2:05 am
Rank This Ths Week: 3,249

EU & Italian International Tax

EU & Italian International Tax Law Blog

Provides updates on EU and Italian international tax matters. By Marco
Rossi.

http://www.euitalianinternationaltax.com/
  • Dec 25

    Italy Extends Statute of Limitati ...

    Italy Extends Statute of Limitation for
    Foreign investments and CFCs
    Italian parliament passed a new law which extends the statute of
    limitation for assessment of taxes due on income arising from foreign
    investments and controlled foreign companies. The general statute of
    limitation period is five years from the year in which the return is
    filed. The special statute of limitation for income from foreign
    assets and controlled foreign companies is extended to nine years. The
    new measure is part of the package of measures which includes and
    extension of deadlines for the tax Posted on Friday, December 25, 2009 at 4:51 pm
  • Dec 25

    E&Y Italian Desk in New York ...

    E&Y Italian Desk in New York Comments on
    New US-Italy Treaty
    The Italian Desk of Ernst & Young in New York has published
    comments on the new US-Italy Tax Treaty. The new Treaty entered to
    force with the exchange of instruments of ratification on December 17,
    2010. Posted on Friday, December 25, 2009 at 4:51 pm
  • Dec 11

    No participation exemption in the ...

    No participation exemption in the absence of
    an active business
    On August 18, 2009 Italy's tax administration issued resolution n.
    226/E (published only on December 6, 2009), which concerns the
    application of the Italian participation exemption rules to gains from
    sale of stock of an intellectual property holding company (Rul_ 226_E
    - Aug_ 18, 2009.PDF). Italy operates a very favorable participation
    exemption regime, pursuant to which 95 percent of the amount of gains
    realized from the sale or exchange of stock is exempt from tax. The
    remaining 5 percent is taxed at the Posted on Friday, December 11, 2009 at 4:44 am
Rank This Ths Week: 3,303

The Legal Fixer

The Legal Fixer

Covers tax, probate, and bankruptcy law. By Steven J. Feldman.

http://www.thelegalfixer.com
  • Dec 21

    Our Loan Modification Help

    Our Loan Modification Help
    Let my law office get you the best payment plan. We take care of the
    details. We keep a record of contacts and email them to you. We
    understand the numbers. We keep the lender honest. We negotiate the
    best outcome. We give you an honest appraisal of your situation.
    Share/Save Posted on Monday, December 21, 2009 at 10:06 pm
  • Oct 04

    Debtors Can No longer Retain Vehi ...

    Debtors Can No longer Retain Vehicle by
    Making Monthly Payments Without Reaffirming
    or Redeeming
    Dumont v. Ford Motor Credit Company (In re Dumont) 9th Circuit Court
    of Appeals Case No. 08-60002, September 15, 2009 Ford Motor Credit
    Company repossessed a Chapter 7 debtor's vehicle, without any warning,
    about three months after discharge, when she was current on her
    post-petition monthly payments. (The record is unclear whether she had
    ever defaulted on payments pre-petition.) The balance on the loan
    exceeded the value of the vehicle. The contract contained an "ipso
    facto" clause, stating that debtor's Posted on Sunday, October 4, 2009 at 11:54 am
  • Jul 28

    How To Deal With Bankrupt Busines ...

    How To Deal With Bankrupt Business Buyers
    Clipped from Forbes.com with edites: 06.23.09, 6:00 PM ET Getting paid
    is getting harder. Not because more customers are trying to conserve
    cash by extending payment terms, but because they are going out of
    business altogether. According to BankruptcyData.com, a research firm
    that tracks such filings, 114 publicly held U.S. companies filed for
    bankruptcy so far this year, versus 57 during the first six months of
    2008, and 33 in the same period of 2007. Sadly, this year's $368
    billion of write offs thus far Posted on Tuesday, July 28, 2009 at 8:53 am
Rank This Ths Week: 3,335

Arizona Tax Lawyer Blog

Arizona Tax Lawyer Blog

Covers Arizona tax controversy and tax litigation issues. By Michael
S. Anderson P.C.

http://www.arizonataxlawyerblog.com/
  • Feb 22

    Taxpayer Indicted in Florida for ...

    Taxpayer Indicted in Florida for Selling "Tax
    Escape Service"
    Carel A. Prater, also known as Chad Prater, was indicted by a Florida
    Grand Jury a few weeks ago. The charges were based on Mr. Prater's
    business which was built apparently around the notion that income is
    not taxable. He would in support of this, prepare false tax returns
    and bogus documents for his clients, tell them to conceal assets and
    income from the IRS by setting up "shell limited liability companies"
    and "unincorporated business trust organizations", and by transferring
    ownership of assets to Posted on Sunday, February 22, 2009 at 12:44 pm
  • Feb 15

    Koko Taylor Loses Her Offer In Co ...

    Koko Taylor Loses Her Offer In Compromise
    Challenge in Tax Court
    Many reading this entry are likely wondering who "Koko Taylor" is. at
    least those who don't follow "Blues" singers. To tell the truth, I
    didn't know either until I read this forbes article. Apparently, Koko
    Taylor is a blues singer who has won at least one Grammy as well as 25
    "Blues Music Awards." In the 90s, she had some good years income wise,
    and just didn't withhold enough income tax resulting in a rather large
    tax debt. She is now about 80 years old and you'll probably agree
    that, her name is cool. Posted on Sunday, February 15, 2009 at 9:26 pm
  • Feb 11

    Serious IRS Debt in Arizona - Dis ...

    Serious IRS Debt in Arizona - Disadvantages
    of Using Bankruptcy
    Should bankruptcy be considered a last resort in dealing with IRS
    debt? In my opinion, yes. It should however, always be carefully
    considered. The potential benefits of a bankruptcy can be undeniable
    in relation to a taxpayer's potentially less effective options. Having
    said that, bankruptcy does have some obvious negatives for the
    taxpayer with serious income tax debt. The more common are as follows:
    1. Bankruptcy Costs Money There is the attorney who is analyzing your
    case and representing you, the court Posted on Wednesday, February 11, 2009 at 3:48 pm
Rank This Ths Week: 3,465

Weiss Berzowski Brady LLP

Weiss Berzowski Brady LLP

Weiss Berzowski Brady has produced legal podcasts on a variety of
topics.

http://www.wbb-law.com/podcast/
  • Mar 13

    Business Succession Planning - Mi ...

    Business Succession Planning - Michael M.
    Berzowski
    Mike Berzowski discusses the importance of developing a business
    succession plan. A successful business succession plan will provide
    for the effective transfer of a business to future owners and an exit
    strategy for the current owners. This podcast includes a discussion of
    the key steps in developing such a plan. Posted on Tuesday, March 13, 2007 at 3:07 am
Rank This Ths Week: 3,524

Frederick Focke Mischler

Frederick Focke Mischler

Reviews accounting, tax, and legal issues that face businesses and
business owners in Ohio.

http://fredmischler.blogs.com/frederick_focke_mischler_/
  • Apr 13

    Health Care Powers of Attorney

    Health Care Powers of Attorney
    Below is copied an old email message I sent out to some friends. It is
    difficult to recall the precise emotions as I watched the Schiavo
    family and their tragedy rehashed ad nauseum in the media. In the end,
    I hoped the public awareness of Terri's situation would inspire some
    of us to take steps to avoid a similar fate. Only then can we say that
    Terrri's passing would not have been in vain and little more than a
    circus ring used by others in media and politics to push their own
    agenda. -----Original Posted on Thursday, April 13, 2006 at 6:15 am
  • Apr 04

    Ohio Real Estate Deeds

    Ohio Real Estate Deeds
    The Deed is a document that transfers title in real estate. In the
    sale of a piece of property, the seller is the "grantor" and the buyer
    is the "grantee". There are 6 statutory forms for deeds in Ohio.
    General Warranty Deed Limited Warranty Deed Quit Claim Deed
    Survivorship Tenancy Transfer on Death Deed Executor or Trustee Deed
    The General Warranty Deed is used when the grantor will provide to the
    buyer warrantee promises that the grantor lawfully owns the property
    to be transferred, that the property is Posted on Tuesday, April 4, 2006 at 8:40 am
  • Mar 21

    Tax Evasion Arguments

    Tax Evasion Arguments
    Here's a post from the National Association of Tax Professionals, that
    says it as well as I think I can. Most of these arguments are good for
    a chuckle or two. It continually amazes me how people can put forth
    these ideas and appear to sincerely believe them. But, I guess that is
    all a testament to human nature, greed, and that we tend to believe
    what we want to hear. -- FM Lawsuit-Happy Tax Protesters Tax the Legal
    System The Verdict - Pay What You Owe National Association of Tax
    Professionals (NATP) Posted on Tuesday, March 21, 2006 at 10:37 am
Rank This Ths Week: 3,549