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Bill Henderson: Goodbye, But Not Farewell; Jerry Organ Joins TaxProf Blog

ABA Journal, Legal Industry-Focused Blog to Go Dark: Prof Plans New Site Focused on Legal Productivity: The Legal Whiteboard, a blog with data-focused posts about U.S. law schools and the legal profession, is coming to an end April 30, editor Bill Henderson posted there Monday. “I am shutting down The...

NYU Tax Law Review Publishes New Issue

The Tax Law Review has published a new issue (Vol. 69, No. 4 (Summer 2016)): Joseph Bankman (Stanford), Clifford Nass (Stanford) & Joel Slemrod (Michigan), Using the "Smart Return" to Reduce Evasion and Simplify Tax Filing, 69 Tax L. Rev. 459 (2016) Jason S. Oh (UCLA) & Chris Tausanovitch (UCLA),...

Should I Take Advantage of the IRS Offshore Voluntary Disclosure Program?

The IRS Offshore Voluntary Disclosure Program (OVDP) offers taxpayers with unreported income from foreign financial accounts a chance to come into compliance with the law. The program benefits taxpayers by offering lower penalties and eliminating the threat of criminal prosecution for failing to file Foreign Bank Account Reports (FBARs). Failure to file an FBAR can […]

The IRS Classification Settlement Program Can Reduce Your Tax Debt

The IRS Classification Settlement Program (CSP) is designed to allow businesses to settle a tax debt owed due misclassifying employees as independent contractors. Along with safe harbor relief under Section 530, the CSP can be an effective tool for businesses involved in payroll tax disputes. The Costs of Misclassifying Employees Many businesses would like to […]

What Are the Qualifications to File FBARs Under the IRS Streamlined Offshore Reporting Procedure?

The IRS expanded its streamlined filing compliance procedures in 2014 to allow more taxpayers with offshore bank accounts to take advantage of the program. The procedures are now available to some taxpayers living in the United States, as well as many U.S. taxpayers living outside the country. Benefits of Streamlined Filing Compliance Procedures The main […]

The IRS Scandal, Day 1441:Lois Lerner Remains Relevant On Tax Day

Forbes: Lois Lerner, Former IRS Official, Remains Relevant On Tax Day, by Robert W. Wood: President Trump is still facing a big backlash over his tax returns. Despite big protests, he has not released them, and there is no sign that he will. As this Tax Day passes, it seems...

Do I Have to File an FBAR If I’m Not a U.S. Citizen?

The Bank Secrecy Act may require you to file a FinCEN 114, Report of Foreign Bank and Financial Accounts (FBAR), even if you are not a U.S. Citizen. The FBAR must be filed annually by all “United States Persons”, which includes U.S. citizens, U.S. residents, and certain entities. The FBAR must be filed if your […]

What Can Cause an Investigation by the Office of Professional Responsibility?

The IRS Office of Professional Responsibility (OPR) regulates tax practitioners, including tax lawyers, CPAs, and enrolled agents. OPR has exclusive responsibility for practitioner conduct and sanctions. Causes of an OPR Investigation OPR usually does not initiate its own investigations. Show More Summary

The Public Does Not Seem To Be Clamoring For A Tax Cut

Just as politicians and pundits are talking more about a tax cut and less about tax reform, the public seems happier with...

Galle Presents Design And Implementation Of A Charitable Regulation Regime Today At Georgetown

Brian Galle (Georgetown) presents Design and Implementation of a Charitable Regulation Regime at Georgetown today as part of its Tax Law and Public Finance Workshop Series hosted by John Brooks and Itai Grinberg: Charitable organizations are often billed as private alternatives to the governmental provision of public goods (Weisbrod 1975)....

WSJ:How $100 Of Your Taxes Are Spent

Wall Street Journal, How $100 of Your Taxes Are Spent: With April 18 nearly here, U.S. taxpayers are likely asking themselves: Where exactly are my tax dollars going? To answer the question, here is a “Taxpayer Receipt” showing how each $100 of taxes was spent, both for 2016 and five...

5 tips for folks submitting their tax returns by snail mail

The U.S. Postal Service has evolved since the days when Texas Panhandle residents depended on mule mail. That's a good thing, since millions of taxpayers still insist on using today's postal system to send their annual tax returns to the Internal Revenue Service. Show More Summary

Sen. Flake Releases Report on 'Outlandish Tax Rackets'

Sen. Jeff Flake (R-AZ), Tax Rackets: Outlandish Loopholes to Lower Tax Liabilities (press release): As Tax Day approaches and Congress considers long-overdue tax reforms, the report is intended to highlight loopholes that create fake markets for unnecessary or unwanted goods and services; encourage more borrowing, spending, and taxing by local...

Potential Colorado Ballot Measure Shows How Not to Design a Sales Tax

Colorado voters have only been asked to approve a new tax at the ballot box once before, and that was to legalize and tax marijuana. Therefore, HB 17-1242, which cleared the House and is pending in Senate Finance, represents something new in Colorado taxation. The legislation, which would require voter approval, increases the state’s sales […]

Form 4868, the tax procrastinator's best friend

You've got until midnight your time to get your 2016 tax return to the Internal Revenue Service, either by hitting "send" on your computer or getting your paper form to a Post Office where it can be postmarked today. Or, if it becomes...Show More Summary

Trump Tax Returns Are Still No Holy Grail

Tax Day Protests confirmed that many still care about Trump's tax returns. Yet even if they were disclosed, just what would they reveal?

Lois Lerner, Former IRS Official, Remains Relevant On Tax Day

IRS scandals are destructive to the tax system and undermine taxpayer confidence. And political targeting is particularly worrisome.

What Are Taxpayers Willing To Do To Avoid Paying Taxes?

What would you do to avoid paying taxes? Here are the results from a recent GOBankingRates survey.

Tax Roundup, 4/18/17: Filing day – what to do, how to do it.

It matters. So today’s the tax filing deadline. What’s the big deal? After all, extensions are easily available. The dreaded FBAR deadline […]

Tax Freedom Day 2017 is April 23rd

Tax Freedom Day® is the day when the nation as a whole has earned enough money to pay its total tax bill for the year. This year, Tax Freedom Day falls on April 23rd, 113 days into the year.

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