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In a tax court opinion out today, ALESSIO AZZARI, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE (136 T.C. No. 9) an IRS appeals officer was found to be wrong for failing subordinate a lien on behalf …
This is big news. I’ve commented before about how the IRS would file a tax lien even if it cost them more money to record it than the debt was worth. And that the IRS …
Here’s the official line from the IRS regarding the 2011 voluntary disclosure initiative. I’ll be talking about the voluntary disclosure initiative much…
The IRS has announced a second offshore Voluntary Disclosure initiative. This time, the deal is not as good as the first round, but could certainly …
Comments and concerns over a recent decision by the New York State Tax Appeal Tribunal seem misplaced. In Re: John and Laura Barker, the Commissioners ruled that through…
Will the 2011 Federal Income Tax Brackets actually tell you how much you owe the IRS?
We don’t recommend using the 2011 Federal Income Tax Brackets as a guide. The only way to figure out your tax bill is to prepare your tax form. Why? A big reason is that tax brackets assume all income is ordinary; that is income from wages, self-employment or short-term capital gain. Dividends and long-term capital gains are taxed at lower rates and certain types of income, like Muni-bonds, are tax free.
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