(888) 786-9829
On February 23rd, the U.S. Tax Court filed T.C. Memo. 2022-5 deciding whether the Office of Appeals abused its discretion in rejecting an offer-in-compromise (OIC)…
Read More
January 24, 2022 Owner of a network of health care and rehabilitation facilities willfully failed to withhold and pay over employment taxes on behalf of…
Read More
Tatiana Loughman, EA, ChE
On February 23rd, the U.S. Tax Court filed T.C. Memo. 2022-5 deciding whether the Office of Appeals abused its discretion in rejecting an offer-in-compromise (OIC) . The United States Tax Court found no abuse of…
Read More
January 24, 2022 Owner of a network of health care and rehabilitation facilities willfully failed to withhold and pay over employment taxes on behalf of his employees. Charged with tax evasion, and failing to file…
Read More
On December 28th, 2021 the US Tax Court reviewed and decided whether “the taxpayer has paid more than was owed, where such a determination is necessary for a correct and complete determination of whether the…
Read MoreForm 1116, Claim the Foreign Tax Credit Per IRS link https://www.irs.gov/instructions/i1116 , no requirement to file Form 1116 if all prerequisites are met: -(1) Your…
Sale of Partnership Interest [caption id="attachment_4469" align="alignnone" width="1014"] Sale of Partnership Interest[/caption] A partner sells some interest in the partnership. Entity theory Section 741. Business is treated as a separate business, and gain or loss…
Form 1116, Claim the Foreign Tax Credit Per IRS link https://www.irs.gov/instructions/i1116 , no requirement to file Form 1116 if all prerequisites are met: -(1) Your foreign source gross income was all passive income, such as…
On February 23rd, the U.S. Tax Court filed T.C. Memo. 2022-5 deciding whether the Office of Appeals abused its discretion in rejecting an offer-in-compromise (OIC) . The United States Tax Court found no abuse of…
January 24, 2022 Owner of a network of health care and rehabilitation facilities willfully failed to withhold and pay over employment taxes on behalf of his employees. Charged with tax evasion, and failing to file…
Taxability of Social Security Benefits. By Tatiana Loughman, EA (888) 786-9829 Docket No. 13970-19 December 6, 2021 US Tax Court petitioner resided in Colorado and filed her petition with the court in order to issue…
The IRS will send Letter 6419 (information letters) to taxpayers in 2022 with the total amount of advance CTC they received. To claim the third recovery/stimulus credit (if you have not received it), you'll need to submit a 2021 tax…
Disallowing Deductions. According to the United States Tax Court (Docket No. 329-19S) the IRS disallowed all deductions in the following circumstances. Facts of the case: The petitioner was stationed at Fort Sam Houston in San…
Source: https://www.irs.gov/individuals/itin-expiration-faqs You can renew your ITIN if it has expired when you file your tax return. You must send a completed Form W-7, Application for IRS Individual Taxpayer Identification Number, along with your U.S.…
When a husband says, “We are partners,” what does he REALLY mean? According to the United States Tax Court opinion (Docket No. 10417-18), on December 9th, 2021, a married (later divorced) couple got in trouble…
On December 28th, 2021 the US Tax Court reviewed and decided whether “the taxpayer has paid more than was owed, where such a determination is necessary for a correct and complete determination of whether the…
