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Can the IRS Levy My Bank Account?

The IRS can legally levy your bank account and other assets to satisfy a tax debt. When the IRS sends a tax levy to your bank, the levy attaches to all the funds in your account at the time. Your bank is required to give your money to the IRS once a 21 day period […]

Taxes From A To Z (2017): G Is For GI Bill

43 minutes agoBusiness & Finance / Taxes : Taxgirl

It's Taxes From A to Z (2017). Today: G is for GI Bill.

IRS Urged To Penalize — And Prosecute Payroll Tax Violations

Civil and criminal employment tax violations are on the rise, and a watchdog says the IRS should crack down hard.

Tax Roundup, 3/23/17: How to make sure the IRS visits your dental practice. Also: AHCA vote day in the links!

File in batches, IRS scratches. The IRS “DIF score” formula for choosing returns to audit is a closely-guarded secret. I’m pretty […]

Simplifying and targeting tax subsidies for child care

Two tax benefits—the child and dependent care tax credit (CDCTC) and the employer-provided child care exclusion—help families pay for work-related child care, but neither does...

Provost Removes Cincinnati Law School Dean Less Than Two Years Into Her Five-Year Term

Following up on my previous posts: Jennifer Bard Named Dean at Cincinnati (Mar. 4, 2015) Cincinnati Law School Dean Under Fire From Faculty: Ouster, Vote Of No Confidence Discussed As Provost Unveils 6-Month Plan To 'Restore Mutual Trust And Respect' And Dean Lawyers Up (Mar. 20, 2017) Cincinnati Dean Says...

NPR:Joe Bankman, Tax Hero

NPR Planet Money, Tax Hero: Imagine if you had to pay your credit card bill the way you pay your taxes. Each month, Visa would send you a blank form. The form would instruct you to gather all your receipts, write down every purchase you had made, and calculate the...

The Most Beautiful College In Every State

Travel+Leisure, The Most Beautiful College in Every State: When selecting the most enchanting school in every state, we considered the setting and scenery; the design of the buildings... ; and the upkeep of the campus grounds. And we took plenty of other details into account, too, including knowledge from...

Gamage & Shanske:Why A State-Level Carbon Tax Can Include Border Adjustments

David Gamage (Indiana) and Darien Shanske (UC-Davis), Why a State-Level Carbon Tax Can Include Border Adjustments, 83 State Tax Notes 583 (Feb. 13, 2017): This essay argues that U.S. state governments can permissibly levy state-level carbon taxes with border tax adjustments. In doing so, we respond to the general consensus...

Health Savings Accounts' medical and tax advantages

Health Savings Accounts, or HSAs, have increased in popularity since they were created in 2004. More than 20 million people now have these particular medical savings plans, according to a Kaiser Family Foundation (KFF) survey last fall. Show More Summary

Ring Presents Leak-Driven Law Today At Boston College

Diane Ring (Boston College) presents Leak-Driven Law, 65 UCLA L. Rev. __ (forthcoming 2018) (with Shu-Yi Oei (Tulane; moving to Boston College)) at Boston College today as part of its Tax Policy Workshop Series: Over the past decade, a number of well-publicized data leaks have revealed the secret offshore holdings...

Shanske Presents Equitable Apportionment And The State Corporate Income Tax Today At Duke

Darien Shanske (UC-Davis) presents Equitable Apportionment and the State Corporate Income Tax: Past, Present and Possible Future at Duke today as part of its Tax Policy Workshop Series hosted by Lawrence Zelenak: What a tough break for formulary apportionment. We are at a moment when there is apparently a real...

Yariv Brauner Named To Hugh Culverhouse Eminent Scholar Chair At Florida

Yariv Brauner has been named to the Hugh Culverhouse Eminent Scholar chair at Florida: Professor Brauner has been a member of the UF Law faculty, teaching in the Graduate Tax Program, since 2006. Prior to joining UF, he taught at the Arizona State University College of Law, Northwestern University School...

Avi-Yonah Posts Two Tax Papers on SSRN

Reuven S. Avi-Yonah (Michigan) & Haiyan Xu (Michigan), A Global Treaty Override? The New OECD Multilateral Tax Instrument and Its Limits: The new OECD Multilateral Instrument to amend tax treaties (MLI) is an important innovation in international law. Hitherto, international economic law was built primarily on bilateral treaties (e.g., tax...

Multiple Tax Proposals in Minnesota

With a projected surplus of $1.65 billion, some policymakers in Minnesota want tax reform. Several plans are being discussed in the state legislature, ranging from a $300 million tax cut proposed in the updated budget of Governor Mark Dayton (D) to a $1.35 billion tax cut proposed by House Republicans. The first plan from Senate […]

Streamlined Filing Procedures for Taxpayers Living Outside the United States

The IRS streamlined filing compliance procedures allow eligible taxpayers to avoid potentially disastrous penalties and resolve their offshore bank account problems. Taxpayers who have failed to file Foreign Bank Account Reports (FBARs)...Show More Summary

The AHCA’s Tax Changes And Transfers Would Benefit The Wealthy, Hurt The Lowest Income Households

The AHCA’s Tax Changes And Transfers Would Benefit The Wealthy, Hurt The Lowest Income Households The House Republican health plan—the American Health Care Act (AHCA)—would...

In Search Of Votes, GOP Makes Changes To Plan To Repeal & Replace Obamacare

The GOP's plan to repeal and replace Obamacare has been met with criticism, so in an effort to win votes, Congress went back to work. The new proposal has a number of changes that could affect taxpayers.

Tax Return Preparation as a Side Job

Though from time to time I find material for this blog when I watch television court shows, there are far more shows and episodes than I’ve had an opportunity to view. A reader sent me a link to an episode of Judge Faith, a show that I have not seen, which involved a dispute between two former friends. Show More Summary

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