Taxes

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  • Got debts? They could eat into your tax refund

    Don't Mess With Taxes
    skbell1
    23 Apr 2014 | 10:11 pm
    Your federal income tax refund finally arrived and it was less than you expected. What's the deal? It could be debts you owe. The U.S. Treasury, which is boss to the Internal Revenue Service, is able to nab part or all of your refund to pay some outstanding federal or state debts you have. This ability comes thanks to the Treasury Offset Program, or TOP, which is run by the Bureau of Fiscal Service, or BFS. Debts that are collected this way typically include past-due child support, unpaid student loan amounts and due state income tax. Since 2010, TOP also has been collecting certain…
  • Tax Roundup, 4/24/14: A(m)way to deduct your car? And: shame on you for doing my bidding!

    Roth & Company, P.C
    Joe Kristan
    24 Apr 2014 | 6:56 am
    Can an Amway distributorship ever be taxed as a legitimate business?   It must be possible, but I’ve yet to see one win in Tax Court.  A case decided this week illustrates common tax problems seen with “downline” folks involved in Amway and other multi-level marketing ventures. A doctor and his wife got involved with Amway, an MLM operation that sells household, nutritional and cosmetic products.  In addition to the medical practice income, they reported Amway results on a Schedule C.  We can guess from the results how they attracted IRS notice: The Tax Court case…
  • Beware of Tax-Time Scams!

    PRO-TAX
    7 Mar 2014 | 5:00 am
      Although there are always scammers trying to divert our money away from us, the worst of these seem to take place during the income tax filing season. This season is no different. The IRS has provided us with the following scam warnings so we can protect ourselves and avoid becoming victims of these criminals.Don’t fall for phone and phishing email scams that are using the IRS as a lure. Identity thieves often pose as the IRS using a fake refund scheme, or blasting you with warnings to pay past-due taxes.Remember that the IRS doesn’t initiate contact with taxpayers by…
  • Tax Saving Tips for Parents

    PRO-TAX
    11 Apr 2014 | 5:00 am
    ____________________________________________________________ Your children are such a great part of your life; they're smart, funny, and they say and do amazing things all the time, don't they? On top of all that, they may help you qualify for some valuable tax benefits. We want you to be aware - if you aren't already - of eight ways your children might save you some money on your taxes. (All of the forms and documents referred to below can be read or downloaded from irs.gov by clicking the links): Your children may be your Dependents.  In all but a few cases, you can claim your…
  • Tax-News.com: TCI Considers Public Beneficial Ownership Register

    Tax-News.Com Live Tax Headlines
    24 Apr 2014 | 1:07 pm
    Tax-News.com: The Turks and Caicos Islands Government has invited comments on proposals to introduce a central register showing the ultimate ownership of offshore companies, and is considering whether this information should be publicly available.
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    PRO-TAX

  • Tax Saving Tips for Parents

    11 Apr 2014 | 5:00 am
    ____________________________________________________________ Your children are such a great part of your life; they're smart, funny, and they say and do amazing things all the time, don't they? On top of all that, they may help you qualify for some valuable tax benefits. We want you to be aware - if you aren't already - of eight ways your children might save you some money on your taxes. (All of the forms and documents referred to below can be read or downloaded from irs.gov by clicking the links): Your children may be your Dependents.  In all but a few cases, you can claim your…
  • It's Not Too Late to File - for 2010!

    4 Apr 2014 | 5:00 am
    How many deadlines happen on April 15?Just about everybody knows that the federal income tax returns for 2013 are due April 15 of each year. Of course, the IRS generally grants an extension to file the Form 1040—although any taxes due still need to be paid by April 15 – see below for more information on extensions. Did you file a return for 2010?There is another important deadline for April 15, 2014; it is also the last day for anyone who did not yet file for the 2010 tax year to get it done. The law provides a three-year window for taxpayers to send in their returns, and that…
  • ACA News: Extra Time for Enrollment in Health Insurance!

    28 Mar 2014 | 7:36 am
    If you have been planning to purchase insurance on the health insurance marketplace (or “exchange”) in your state, but haven’t yet done it, you may have a little more time. On March 26, 2014, Health and Human Services (HHS) announced that although they are not officially changing the March 31 individual enrollment period for everyone, they will provide a grace period to consumers who start the individual application on the HealthCare.gov website by March 31, but are unable to complete the process by the end of that day. "We are experiencing a surge in demand and are…
  • Affordable Care Act - Open Enrollment Ends 3/31/2014

    11 Mar 2014 | 10:21 am
    This is to remind you about Open Enrollment for health insurance. If you don’t have coverage yet, or even if you do have it but want to find out about other options, help is available at the Health Insurance Marketplace for your state (also called "the Exchange"). No taxpayer is required to use the Marketplace, but if you need health insurance, it may be right for you. The Marketplace is where you can find coverage options that fit your budget and meet your needs. To find the Marketplace that serves your state, go to www.healthcare.gov,  The federal…
  • Beware of Tax-Time Scams!

    7 Mar 2014 | 5:00 am
      Although there are always scammers trying to divert our money away from us, the worst of these seem to take place during the income tax filing season. This season is no different. The IRS has provided us with the following scam warnings so we can protect ourselves and avoid becoming victims of these criminals.Don’t fall for phone and phishing email scams that are using the IRS as a lure. Identity thieves often pose as the IRS using a fake refund scheme, or blasting you with warnings to pay past-due taxes.Remember that the IRS doesn’t initiate contact with taxpayers by…
 
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    Don't Mess With Taxes

  • Got debts? They could eat into your tax refund

    skbell1
    23 Apr 2014 | 10:11 pm
    Your federal income tax refund finally arrived and it was less than you expected. What's the deal? It could be debts you owe. The U.S. Treasury, which is boss to the Internal Revenue Service, is able to nab part or all of your refund to pay some outstanding federal or state debts you have. This ability comes thanks to the Treasury Offset Program, or TOP, which is run by the Bureau of Fiscal Service, or BFS. Debts that are collected this way typically include past-due child support, unpaid student loan amounts and due state income tax. Since 2010, TOP also has been collecting certain…
  • IRS awarded $1 million in bonuses to tax-owing employees

    skbell1
    23 Apr 2014 | 10:28 am
    The Internal Revenue Service's policy that allows it to award bonuses to employees who haven't paid their taxes is wrong. So is rewarding employees who faced disciplinary action. That, however, is what happened. A Treasury Inspector General for Tax Administration (TIGTA) audit found that the IRS paid $2.8 million in bonuses to employees with recent disciplinary problems. Just more than $1 million of those rewards went to workers who owed back taxes. In addition to cash rewards, the employees in question also received additional time off from work as bonuses. Source: Awards data from the…
  • Rough roads ahead as Highway Trust Fund runs out of money

    skbell1
    22 Apr 2014 | 12:47 pm
    Since my mom moved to the Austin area three years ago, I've been driving the 100 or so round-trip miles every other week to visit her. I am very glad I filled up my Chevy before the last visit and that it gets good mileage. Earlier in April, regular gasoline was just a nickel more than $3 per gallon. Now at some Central Texas stations, the pump price is pushing $3.60 a gallon. Fuel costs are on my mind today not only because it's almost time to hit the road to mom's again, but also because today is Earth Day. Since its inception in 1970, April 22 has been dedicated to…
  • How are you spending your federal tax refund?

    skbell1
    21 Apr 2014 | 3:45 pm
    Just days before the April 15 filing deadline, the Internal Revenue Service reported that most taxpayers had already submitted their returns. Of the almost 113 million returns the IRS had in its hands on April 11, more than 85 million resulted in refunds. The latest federal tax refunds are a bit bigger than those received by players of early Monopoly games. The average refund amount as tax-filing season was winding down was $2,751. That's slightly larger than the average refund a year ago. It's also this week's By the Numbers figure. Have your received your refund from Uncle…
  • Easter faith, films and tax breaks

    skbell1
    20 Apr 2014 | 2:38 pm
    Many folks spent Easter, either the full weekend starting on Good Friday and ending on this important Christian holiday, going to church services and/or visiting family. But sometimes, a break is welcome. A good one on this Easter Sunday is to take in an appropriately themed movie. Faith-based movies are in vogue right now, with several recent releases, including Noah, Heaven is Real and Son of God doing well at the box office. Hey, believing is important, but so is paying real-life bills. Check your local Cineplex to see if these flicks are still on the wide screen in your town. If there…
 
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    About.com Tax Planning: U.S.

  • Tax Reform Act of 2014, Part 6, Retirement Plans

    23 Apr 2014 | 10:20 pm
    House Ways and Means Committee Chairperson Dave Camp released draft legislation, the Tax Reform Act of 2014, proposing a wide variety of changes to America's tax system. In part 6 of a series, we look at proposals for changing retirement plans....Read Full Post
  • Obamas, Bidens Release 2013 Tax Returns

    21 Apr 2014 | 10:20 pm
    President Obama and Vice President Biden released their tax returns for the year 2013 to the public on April 11, 2014. The tax returns are available to download on the White House blog as PDF files....Read Full Post
  • Tax Reform Act of 2014, Part 5, Employee Benefits

    16 Apr 2014 | 10:20 pm
    House Ways and Means Committee Chairperson Dave Camp released draft legislation, the Tax Reform Act of 2014, proposing a wide variety of changes to America's tax system. In part 5 of a series, we look at proposals for changing employee benefits....Read Full Post
  • What To Do if You Missed the Tax Deadline

    15 Apr 2014 | 8:30 pm
    Filing a tax return after the April 15th deadline typically isn't any different than the normal procedures. Be sure you have all your tax-related documents for income and deductions, prepare your tax returns, review the return for completeness and accuracy, and file the tax return with the IRS. Tax software is still available. Web-based Free File tax software also remain operative through October 15th. (After October 15th, Web-based tax software will go offline to transition to next year's software system.)...Read Full Post
  • Tax Day

    15 Apr 2014 | 3:40 am
    Today, April 15th, 2014, is the day that tax returns are due to the IRS. You either need to file your tax return or file an extension. I recommend filing an extension. An extension is a formal request for additional time to file a tax return. The IRS automatically grants extensions, as long as you file Form 4868 to ask for one....Read Full Post
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    Tax Policy Center: The Numbers

  • Extend the American Opportunity Tax Credit, Earned Income Tax Credit and Child Tax Credit

    16 Apr 2014 | 10:00 pm
    This set of estimates consists of the following related tables: (T14-0006) Extend American Opportunity Tax Credit (AOTC) Baseline: Current Law Distribution of Federal Tax Change by Expanded Cash Income Level, 2018 (T14-0007) Extend American Opportunity Tax Credit (AOTC) Baseline: Current Law Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2018 (T14-0008) Extend American Opportunity Tax Credit (AOTC) Baseline: Current Law Distribution of Federal Tax Change by Expanded Cash Income Level, 2023 (T14-0009) Extend American Opportunity Tax Credit (AOTC) Baseline: Current Law…
  • Sen. Mike Lee (R-UT)'s Tax Reform Plan: The Family Fairness and Opportunity Tax Reform Act

    3 Mar 2014 | 9:00 pm
    Distributional analysis and an estimate of the revenue impact of Sen. Mike Lee (R-UT)'s tax reform plan, The Family Fairness and Opportunity Tax Reform Act. This set of estimates consists of the following related tables: (T14-0001) Sen. Mike Lee (R-UT)'s Tax Reform Plan: The Family Fairness and Opportunity Tax Reform Act; Impact on Tax Revenue (billions of current dollars), 2014-2023; Baseline: Current Law (T14-0002) Sen. Mike Lee (R-UT)'s Tax Reform Plan: The Family Fairness and Opportunity Tax Reform Act; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash…
  • Individual Income Tax Expenditures

    17 Dec 2013 | 9:00 pm
    Distributional estimates of the benefits of various individual income tax expenditures for the year 2015. This set of estimates consists of the following related tables: (T13-0294) Tax Benefit of Certain Retirement Savings Incentives under Cash-flow Approach ; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Level, 2015 (T13-0254) Tax Benefit of Certain Retirement Savings Incentives; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Level, 2015 (T13-0252) Tax Benefit of the Partial Exclusion of Social Security Benefits;…
  • Options for the Child and Dependent Care Credit

    5 Dec 2013 | 9:00 pm
    Options include indexing maximum eligible expenses, indexing AGI phasedown threshold and step size, and making the credit fully refundable. This set of estimates consists of the following related tables: (T13-0293) Options for the Child and Dependent Care Credit, Change in Individual Income Tax Revenue, 2014-2023 ($ billions) (T13-0277) Make the Child and Dependent Care Credit Fully Refundable, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Level, 2015 (T13-0279) Make the Child and Dependent Care Credit Fully Refundable, Baseline: Current Law, Distribution…
  • Distribution of Individual Income Tax on Long-Term Capital Gains and Qualified Dividends

    2 Oct 2013 | 10:00 pm
    The following tables show the distribution of income from long-term capital gains and qualified dividends and the individual income taxes paid on that income. The distribution is estimated under current law for calendar years 2012, 2013, 2014, and 2023. This set of estimates consists of the following related tables: (T13-0243) Distribution of Individual Income Tax on Long-Term Capital Gains and Qualified Dividends by Expanded Cash Income Level, 2012 (T13-0244) Distribution of Individual Income Tax on Long-Term Capital Gains and Qualified Dividends by Expanded Cash Income Percentile, 2012…
 
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    THE WANDERING TAX PRO

  • WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’ - TUESDAY EDITION

    22 Apr 2014 | 2:00 am
    BUZZ, BUZZ.  The BUZZ is back!* Donald Rumsfield, Secretary of Defense from 1975 to 1977 under Gerald Ford and again from 2001 to 2006 under Dubya, agrees that the US Tax Code is a mucking fess.  He shares his frustration with the complexity of the Code in a letter to the IRS.  Click here to read the letter. * Fellow tax-blogger Joe Kristan of THE ROTH AND COMPANY TAX UPDATE BLOG is interviewed by a local Iowa news station on a unique state tax credit.  Click here to see Joe on tv. * Kay Bell of DON’T MESS WITH TAXES, the yellow rose of taxes, talks about the 2013…
  • THAT WAS THE TAX SEASON THAT WAS

    21 Apr 2014 | 2:00 am
    43 down – 7 to go!The 2014 tax filing season (for filing 2013 returns) once again got off to a late start – also once again caused by the actions of the idiots in Congress.  This time the delay was a result of the October 1 – 16, 2013 government shutdown.  The IRS needed “time to program and test tax processing systems following the 16-day federal government closure”.  The Service announced it “would start accepting and processing 2013 individual tax returns no earlier than Jan. 28 and no later than Feb. 4”.And, once again, the delay did not affect me one…
  • THANK GOD IT'S OVER!

    15 Apr 2014 | 2:00 am
    THANK GOD IT'S OVER!!!! I AM OFF TO THE JERSEY SHORE TO RECOVER - AND TO WRITE MY ANNUAL "THAT WAS THE TAX SEASON THAT WAS" POST.
  • WHERE THE FAKAWI?

    15 Mar 2014 | 3:53 am
     It has not gotten that bad yet . . . Only one month to go and I have either completed, received, or heard from all but about a dozen clients (that I expect to attempt to file on time).  The "to be done" boxes are chock-a-block.   Forget the corn - the pile of 1040s to do is as high as an elephant's eye! I had at one point cleaned out the "red file" box (need more info), but it has grown again.  I am getting them done as the missing information arrives. There are 14 returns received in February that must be done before I begin on packages received in…
  • THE FIRST WHERE THE FAKAWI OF THE TAX SEASON

    1 Mar 2014 | 4:15 am
    One month down - one and a half to go!As I say good-bye to February I have either done, received, or made arrangements with 55% of my client list – a bit ahead of last year.  I have completed 84 returns, the same number as last year at this time.  So I am not behind on that front.  However that is only an average of 3 per day.  I need to double that average!  Receipt of tax preparation income is up 39.5% from last year.  The fees have not increased, but some returns cost more this year because of additional work.  That is certainly good (although some of…
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    Start Making Sense

  • I weigh in on one of the great issues of the day

    24 Apr 2014 | 12:42 pm
    See the news article here on a current legal controversy under the New York State sales tax.It is probably fair to say that, while as quoted in the article it sounds as if I consider the legal issues closely balanced, in fact I would need very heavy odds to consider betting on the taxpayer.  Although I'm not a constitutional specialist, the argument for the state that I describe certainly sounds hard to challenge.  In addition, the question of fact under the applicable statute - whether "presentational dance entertainment" of a certain type should count as a "dramatic…
  • NYU Tax Policy Colloquium, week 12: Kim Clausing's "Lessons for International Tax Reform from the U.S. State Experience Under Formulary Apportionment"

    24 Apr 2014 | 10:37 am
    This past Tuesday, Kim Clausing presented the above paper.  It examines evidence concerning the U.S. states' experience with formulary apportionment for corporate income.The background is as follows.  With the source of income being notoriously difficult to pin down, when earned by a multi-jurisdictional company, two main approaches currently prevail.  In the international realm, countries generally use transfer pricing.  For example, in deciding to what extent Apple's worldwide income pertains, say, to the U.S. parent as opposed to an Irish affiliate (and is treated as…
  • NYU Tax Policy Colloquium, week 11: Nirupama Rao's "The Price of Liquor Is Too Damn High: State-Facilitated Collusion and the Implications for Taxes"

    17 Apr 2014 | 6:10 am
    On Tuesday, we discussed the above paper, which was our second (the first being Saul Levmore, week 1) to discuss the choice and interplay between "tax" and "regulatory" instruments.  The paper concerns the measures states take to limit or control alcohol consumption, often with evident secondary (or should I say primary) aims of empowering cartels and favoring local over out-of-state producers.Alcohol clearly is a good subject for Pigovian taxation.  Drunk driving accidents are certainly the clearest example of negative externalities resulting from alcohol consumption, but not…
  • My article on Henry Simons has finally been published

    16 Apr 2014 | 6:26 am
    My article on Henry Simons, which I presented at a Florida State University Law Review symposium a bit over a year ago, has finally officially appeared in print.  You can find it here.The abstract goes something like this: "Surely just about everyone in the U.S. federal income tax field has heard of Henry Simons, if only for his famous definition of “personal income.”  Few may realize, however, that this proponent of 'drastic progression' in a broad-based income tax was also a self-described libertarian who generally denounced government economic regulation and was arguably the…
  • NYU book event regarding my international tax book

    15 Apr 2014 | 6:52 pm
    I'm very much looking forward to the following event, more fully described here."Fixing U.S. International Taxation by Daniel Shaviro – Monday, April 28th, 12:30 PM to 1:50 PM – Vanderbilt Hall Room 220, 40 Washington Square South:"Please join us for a discussion of Professor Daniel Shaviro’s current book, Fixing U.S. International Taxation (Oxford University Press, 2014). "Following a presentation by Professor Shaviro of key themes from the book, leading experts in the field will offer commentary.  We are thrilled that Martin Sullivan, Chief Economist at Tax Analysts…
 
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    MauledAgain

  • When It’s Too Late to Change One’s (Tax) Story

    James Edward Maule
    23 Apr 2014 | 5:01 am
    A recent Tax Court case, Henson v. Comr., T.C. Summ. Op. 2014-36, demonstrates how unwise it is to say one thing and then to say something inconsistent at a later point in time. The taxpayer in question, during a Tax Court trial involving other issues, decided to assert that the alimony income she reported on the tax return at issue was not gross income. The Tax Court would have none of it.When the taxpayer divorced, she and her husband entered into an agreement that he would pay her property settlement payments totaling $200,000, plus maintenance payments of $5,000 per month for 60 months…
  • When Taxes Sneak Up on the Inattentive

    James Edward Maule
    21 Apr 2014 | 5:01 am
    A recent Reuters report discloses that, according to tax return preparers, at least some wealthy clients “have been surprised” to learn that their taxes have increased. One tax professional claimed that “people are caught off guard.” There are stories of taxpayers who have underpaid their estimated taxes, and who have not adjusted their withholding, and now are having to write significant checks to pay the amount by which they have failed to maintain tax payments.The changes, effective for 2013, were enacted more than a year ago. They were enacted amid a flurry of objections,…
  • Know Your Tax Return Preparer

    James Edward Maule
    18 Apr 2014 | 5:01 am
    A recent Tax Court decision, Johnson v. Comr., T.C. Memo 2014-67, indicates why it’s important to screen one’s tax return preparer. Although the taxpayer came out on the losing side in terms of the substantive tax issue, by relying on a tax return preparer, the taxpayer avoided the section 6662 accuracy-related penalty.The taxpayer divorced his wife in 2006. The divorce decree required him to pay spousal maintenance of $6,068 each month. In addition, he was required to pay her 40 percent of his gross bonus. Both the monthly payments and the bonus percentage payments terminated on the…
  • Once Again, What’s a Tax?

    James Edward Maule
    16 Apr 2014 | 5:01 am
    Six years ago, in What’s in a Tax Label?, I noted that calling a tax increase a “loophole closer” doesn’t change the reality that a tax increase is in the works. The following year, in Please, It’s Not a Tax, I argued that calling a parking fine a “curb tax” was nothing more than an attempt to use anti-tax sentiments to fight proposed increases in parking fines. Last year, in The “Rain Tax”?, I made the same point with respect to a storm water management fee. It seems that rather than sticking to a standard definition of tax, people who oppose something call it a tax because…
  • Can a Dead Person Be a Dependent?

    James Edward Maule
    14 Apr 2014 | 5:45 am
    As the April 15 deadline approaches, it seems appropriate to take a look at one of the more “interesting” attempts at a tax deduction to have come to my attention. In a series of 13 Crazy Tax Deductions, one described the attempt of an 85-year-old taxpayer to claim dependency exemption deductions for her parents. According to the tax return preparer, who declined to include the parents on the tax return as dependents, the taxpayer showed him a copy of “the instructions,” and claimed that all the tests had been met, namely, the parents had no income, were related to her, did not file a…
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    TaxProf Blog

  • Kleinbard Delivers Pugh Lecture at San Diego Today on Progressive Tax or Progressive Fiscal System?

    Paul Caron
    24 Apr 2014 | 12:05 pm
    Edward Kleinbard (USC) delivers the annual Richard C. Pugh Lecture on Tax Law & Policy at San Diego today on Progressive Tax or Progressive Fiscal System?: Americans largely take for granted that our tax system should be “progressive.” But why is that desirable? This presentation will analyze the normative foundations...
  • Are 'J.D. Advantage' Jobs a Good Employment Outcome for Law Students?

    Paul Caron
    24 Apr 2014 | 10:59 am
    Derek Muller (Pepperdine), What About "J.D. Advantage" Jobs?: Employment metrics generally seek to identify what schools provide some level of "quality" employment outcomes. ... One category of employment is "J.D. advantage." Is it a quality outcome? ... Most reasoning, so far, has been essentially seat-of-the-pants judgments that they're good [U.S....
  • Undistributed Dividends and the Ability-to-Pay Principle

    Paul Caron
    24 Apr 2014 | 10:00 am
    Limor Riza (Carmel Academic Center School of Law), Should Tax Law Mind Minority and Monitor Majority: The Case of Undistributed Dividends and the Ability-to-Pay Principle, 13 Hous. Bus. & Tax L.J. 86 (2013): This paper analyzes the tax problem of undistributed dividends through the agency problem lens. Or actually, vice...
  • Maynard Presents Reimagining Wealth Taxation as a Tool for Building Wealth at Washington University

    Paul Caron
    24 Apr 2014 | 4:00 am
    Goldburn P. Maynard, Jr. (Washington University) presented Addressing Wealth Disparities: Reimagining Wealth Taxation as a Tool for Building Wealth, 92 Denv. U. L. Rev. ___ (2014), at Washington University yesterday as part of its Faculty Workshop Series: In the past three decades, research has indicated that the building of assets...
  • Plecnik: The Case for a Flat Wealth Tax

    Paul Caron
    24 Apr 2014 | 3:09 am
    John Thomas Plecnik (Cleveland-Marshall), The New Flat Tax: A Modest Proposal for a Constitutionally Apportioned Wealth Tax, 41 Hastings Const. L.Q. 483 (2014): “Eat the poor children,” proposes Jonathan Swift. “Nay,” protests Occupy Wall Street, “Eat the rich!” This Article does not propose eating the rich with draconically high taxes....
 
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    Texas State & Local Tax Law Blog

  • Three appeals to watch in pending Texas tax litigation

    Alan E. Sherman
    22 Apr 2014 | 5:00 am
    A previous post on this site captioned “Another franchise tax win for a Texas taxpayer” observed that “It’s not been a happy couple of years for the Texas Attorney General’s tax lawyers who’ve represented the Comptroller of Public Accounts in state court tax litigation.” True enough, but we lawyers don’t like to lose our cases and, when we do, we appeal. And that’s what the State’s lawyers are doing in several important cases. Here’s a brief rundown of three recent appeals to watch:Combs, et al. v. Cirrus Exploration Company.
  • An upcoming legislative hearing on Texas tax policy and the technology industry

    Alan E. Sherman
    21 Apr 2014 | 5:00 am
    Technology is an important industry in Texas. The Speaker of the State House of Representatives, Joe Straus, recognized that fact when he issued an interim charge earlier this year to the House Committee on Ways and Means, together with the Committee on Technology, to “Review state regulatory and tax policy to ensure that investment in technology infrastructure, goods, and services is unfettered and that Texas is able to capitalize on innovation to fuel additional job growth, business expansion, and investment.” The House Committees plan to take up that charge in a joint public…
  • Comptroller Candidate Mike Collier: Reforming the Tax Administration function

    Alan E. Sherman
    17 Apr 2014 | 2:00 pm
    The race to be the new Texas Comptroller of Public Accounts is between two candidates: Mike Collier, CPA, a Democrat, and State Senator Glenn Hegar, a Republican. Mr. Collier has announced a specific plan for reforming the Comptroller’s tax administration function, so today’s post covers his plan. Senator Hegar’s plan, when released, will be addressed in a future post. The full text of Mr. Collier’s tax administration reform plan appears after the jump, followed by a few comments. Readers are also invited to submit their questions and comments, either in the…
  • Another franchise tax win for a Texas taxpayer

    Alan E. Sherman
    14 Mar 2014 | 10:00 am
    It’s not been a happy couple of years for the Texas Attorney General’s tax lawyers who’ve represented the Comptroller of Public Accounts in state court tax litigation. That’s because Texas courts have been siding with taxpayers far more often than most experienced practitioners can remember, from Zimmer US, Inc. v. Combs, decided by the Third Court of Appeals at Austin in 2012 (discussed in a prior post on this site captioned “The Comptroller has to abide by the plain language of the agency's own rules”), to last month’s opinion from the same court in…
  • Texas franchise tax reporting after claiming federal bonus depreciation

    Alan E. Sherman
    13 Mar 2014 | 5:00 am
    With this year’s filing date approaching for the revised Texas franchise tax, the so-called “margin tax,” businesses with Texas operations should take a look at a recent internal memorandum from the office of the Texas Comptroller of Public Accounts. The memorandum, sent by the Manager of the Tax Policy Division to the Manager of the Audit Division, is captioned “Bonus Depreciation” and is indexed in the Comptroller’s State Tax Automated Research (STAR) System as Document Accession No. 201401856L (January 30, 2014). In the memorandum, Tax Policy reminded…
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    Roth & Company, P.C

  • Tax Roundup, 4/24/14: A(m)way to deduct your car? And: shame on you for doing my bidding!

    Joe Kristan
    24 Apr 2014 | 6:56 am
    Can an Amway distributorship ever be taxed as a legitimate business?   It must be possible, but I’ve yet to see one win in Tax Court.  A case decided this week illustrates common tax problems seen with “downline” folks involved in Amway and other multi-level marketing ventures. A doctor and his wife got involved with Amway, an MLM operation that sells household, nutritional and cosmetic products.  In addition to the medical practice income, they reported Amway results on a Schedule C.  We can guess from the results how they attracted IRS notice: The Tax Court case…
  • HSA Contribution Max for 2015 $3,350 single, $6,650 family.

    Joe Kristan
    24 Apr 2014 | 5:29 am
    The IRS has released (Rev. Proc. 2014-30) the 2015 inflation-adjusted limits for Health Savings Account contributions.  The maximum annual HSA contribution for taxpayers with self-only coverage under a qualifying high-deductible plan is $3,350; the limit for taxpayers with family coverage is $6,650. For 2015 a “high deductible plan” is one with an annual deductible of at least $1,300 for single coverage and $2,600 for family coverage.  Annual out-of-pocket costs can’t exceed $6,450 for single coverage and $12,900 for family coverage. Qualifying HSA contributions are…
  • Tax Roundup, 4/23/14: The Tax Fairy isn’t named “VEBA.” And: frivolous IRS notices!

    Joe Kristan
    23 Apr 2014 | 7:10 am
    The Tax Fairy, that fickle goddess of painless massive tax reduction, is often sought in the misty fens of the welfare benefit sections of the tax law.  A U.S. District Court in California has deprived the Tax Fairy’s believers of one guide for their hunt. CPA Ramesh Sarva and Kenneth Elliot led Tax Fairy seekers to Section 419, which provides for VEBAs — “Voluntary Employee Beneficiary Association” plans.  Properly operated, VEBAs enable employers to make deductible contributions to a plan that buys insurance for employees. A company associated with Mr. Sarva and…
  • Tax Roundup, 4/22/14: $418,000 per-job edition! And: AGI and farm subsidies.

    Joe Kristan
    22 Apr 2014 | 7:19 am
    Iowa Watchdog reports Iowa to give Microsoft millions in exchange for 86 jobs The West Des Moines City Council on March 24 approved asking the IEDA to award Project Alluvion $18 million in sales tax rebates, the maximum amount possible under the IEDA’s High Quality Jobs Program. Neither the city nor the IEDA questioned why Microsoft, which had $24.5 billion in revenue and $8 billion in profits in the most recent fiscal quarter, needed taxpayers’ support to build its data center. By the time the new data center opens for business, Microsoft will have received from the state and the city…
  • Tax Roundup, 4/21/14: Clearing the wreckage edition. And: Tax Court penalty abuse.

    Joe Kristan
    21 Apr 2014 | 7:31 am
    So I took a five-day weekend.  I needed the sleep, and to see something besides the office, my bed, and my commuting route.  So now to clear the debris of the last few weeks from my desk, and my email inbox. And I come back to see perhaps the dumbest thing ever to come out of the Tax Court.  Janet Novack reports: “Taxpayers rely on IRS guidance at their own peril,” Judge Joseph W. Nega wrote in an order entered  on April 15th —an order denying a motion that he reconsider his earlier decision to penalize tax lawyer Alvan L. Bobrow for making an IRA rollover move that IRS Publication…
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    RUBIN ON TAX

  • ARTICLE ABSTRACT - The Baucus International Business Tax Reform Discussion Draft: Key Design Issues

    Charles (Chuck) Rubin
    22 Apr 2014 | 5:49 pm
    TITLE The Baucus International Business Tax Reform Discussion Draft: Key Design Issues AUTHOR(S) David G. Noren, Esq. PUBLICATION 43 TM International Journal 199 (April 2014) PUBLISHER BNA ABSTRACT (Key Points & Discussions) General discussion of terms and relevance of Max Baucus November 19, 2013 staff discussion draft of reform of U.S. international tax rules. Option Y proposal - minimum tax of 80% of U.S. statutory rate on CFC income on low taxed income. Option Z proposal - all CFC income subject to minimum tax regardless of foreign rates, with differences between active and passive…
  • ASSERTION OF REASONABLE CAUSE DEFENSE TO PENALTY RESULTS IN LOSS OF ATTORNEY-CLIENT PRIVILEGE

    Charles (Chuck) Rubin
    19 Apr 2014 | 2:58 pm
    Written and oral communications between a client and his or her attorney are generally privileged. This includes communications regarding taxes. In a recent Tax Court case, an example of “the exception swallowing up the rule” arose. The case threatens to void the attorney-client privilege in a great swath of tax cases that are litigated where the taxpayer asserts a reasonable cause defense to a penalty. In the subject case, the taxpayer was threatened with a substantial underpayment of income tax penalty. In defense of that threat, the taxpayer claimed the reasonable cause exception for…
  • ARTICLE ABSTRACT: Proposed Regulations on Debt Allocations: Controversial, and Deservedly So

    Charles (Chuck) Rubin
    16 Apr 2014 | 1:30 pm
    TITLE Proposed Regulations on Debt Allocations: Controversial, and Deservedly So AUTHOR(S) RICHARD M. LIPTON PUBLICATION Journal of Taxation, April 2014 PUBLISHER WG&L ABSTRACT Addresses proposed modifications to Section 707 and 752 Regulations relating to partnership indebtedness. The author is very critical of the changes to the Section 752 rules.   Proposed regulations discussed include Example 12 in Prop.Reg. 1.707-5(g) relating to Code §707 disguised sale rule when debt proceeds of multiple liabilities are distributed, modifications to Code §707 disguised sale rules relating…
  • ARTICLE ABSTRACT: Minimize Capital Gains Tax of Estates, Trusts, and Beneficiaries

    Charles (Chuck) Rubin
    13 Apr 2014 | 5:12 am
    TITLE Minimize Capital Gains Tax of Estates, Trusts, and Beneficiaries AUTHOR(S) Nicholas E. Christin, William A. Snyder PUBLICATION Estate Planning Journal, April 2014 PUBLISHER WG&L ABSTRACT Trusts are taxed at the highest rate on capital gains at a very low income threshold ($12,150 in2014), as well as being subject to the 3.8% Medicare tax on capital gains at the same low threshold. Lower overall taxes will often be available if capital gains are included in DNI and distributed to beneficiaries. General review of Treas. Regs. §1.643(a)-3 rules on inclusion of capital gains in DNI.
  • LLC PREFERRED INTEREST QUALIFIES FOR MARITAL DEDUCTION

    Charles (Chuck) Rubin
    6 Apr 2014 | 6:15 am
    In a recent private letter ruling, the question was raised whether an LLC interest that received a preferred return with additional LLC cash flow going to other common interests could qualify for the marital deduction if funded into a QTIP trust. The IRS ruled that the property did qualify for the marital deduction. However, this was based on certain elements being present – absent their presence the ruling may not have been issued. These key elements were: 1. The QTIP trust itself had all the Section 2056(b)(7) requisite elements, including required income distributions and limits on…
 
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    Tax Problem Attorney Blog

  • IRS Criminal Tax Investigation Interesting Facts

    18 Apr 2014 | 10:44 am
  • Will the Justice Department Seek Extradition of Swiss Bankers Charged With Aiding and Abetting Tax Evasion by U.S. Citizens?

    5 Apr 2014 | 1:30 am
    According to two U.S. Senators, Switzerland has not sought extradition of a single Swiss national charged with criminal conduct that was related to aiding and abetting U.S. tax evasion for more than five years. In a recent letter authored by Senator Carl Levin and Senator John McCain, they urged that the IRS and Department of Justice (DOJ) act more aggressively to prosecute Swiss nationals aiding and abetting tax evasion and other crimes. Of course, if more Swiss bankers were prosecuted it would likely result in more names of U.S. taxpayers being disclosed so that the Swiss bankers could…
  • A Tale of Two FBAR Doctors and Why Even a Quiet Voluntary Disclosure May be Valuable

    7 Mar 2014 | 6:00 am
    The tax evasion conviction of Dr. Edward Picardi was upheld by the Eighth Circuit last month. Also upheld was his conviction for failure to file Foreign Bank Account Reports (FBARs), Form TDF 90-22.1. Picardi was sentenced to five years in jail. According to the Department of Justice press release and various press reports, Picardi was advised by attorney and CPA Anthony Kritt on setting up an "employee leasing program." Picardi entered into a contract with an offshore corporation to lease his services as a physician. That company in turn contracted with Professional Leasing Services, Inc. a…
  • Mizrahi Bank of Israel Offshore Account Holder Pleads Guilty to Criminal Tax Violations

    27 Feb 2014 | 6:00 am
    A Mizrahi Bank customer pled guilty to filing a false tax return in connection with an undisclosed criminal tax investigation of undisclosed foreign accounts. According to a tax lawyers have seen in the past. The problem with this scheme is that when uncovered, it provides clear evidence of criminal tax evasion. To add insult to injury, when he filed his tax returns not only did he not report the interest income generated on the Mizrahi Bank account in Israel, he deducted the interest he paid to the Mizrahi Bank branch in Israel as a business deduction. The unreported interest income amounted…
  • Taxpayer Advocate's 2013 Report to Congress Again Critical of Offshore Voluntary Disclosure Program (OVDP) for Unreported Foreign Bank Accounts (Part I)

    24 Jan 2014 | 6:00 am
    The Foreign Bank Account Reports (FBARS), FINCEN Form 114, (this form was previously designated as TDF 90-22.1), has again been roundly criticized by the tax litigation attorneys have known for years: that the OVDP is unfair in both design and application. In lieu of the OVDP, the Taxpayer Advocate has recommended a disclosure system which divides FBAR non-filers into three categories. Category 1. Full relief from FBAR and information reporting penalties. This would be available to those who underreported income by a de minimis amount, defined at least as high as the IRC Section 6662(d)…
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    Taxable Talk

  • IRS Prematurely Asking for Money

    Russ
    22 Apr 2014 | 1:27 pm
    A few years ago, the IRS routinely sent notices to taxpayers who filed tax returns prior to April 15th but didn’t pay their taxes until April 15th. After complaints from taxpayers and tax professionals, the IRS supposedly stopped this practice. Unfortunately, they’ve started it up again. Taxpayers have until April 15th to pay their taxes. That’s a postmark deadline, so the payment can be received days later. I had two clients who received CP14 notices. Both of these individuals paper-filed in March, but paid on April 15th (one using EFTPS and one mailing a check). Both…
  • If You Can’t Get the Refund, Why Not File Some Liens?

    Russ
    20 Apr 2014 | 7:54 pm
    The answer to this is, perhaps it’s against the law. And it is. Let me start at the beginning. Back in 2008, Francis Chandler filed his 2007 tax return. He claimed he had quite a bit of interest income and even more withholding…$6,222,850 of withholding. He claimed a refund of $3,969,012. He got it, too. There was a problem, though: He should not have gotten the refund; the claim was false. Two years later, Mr. Chandler was indicted and charged with making a false claim against the United States. Now, you and I would seek legal advice about the case, but Mr. Chandler had a…
  • While I Was Out…

    Russ
    20 Apr 2014 | 7:35 pm
    I’ve recovered from Tax Day, my sleep is caught up, and it appears Las Vegas has moved smoothly towards summer (it reached 89 today). There has been a little bit of tax news during the past month: Good News for Tax Professionals: The IRS announced that eServices has been updated and you can request a transcript for an individual where you have a Tax Information Authorization (Form 8821). I have not tested this new capability yet, but if this works we will no longer have to have a Power of Attorney in order to use eServices for transcripts. That said, the IRS announcement (it came in…
  • Bozo Tax Tip #1: The Eternal Hobby Loss

    Russ
    14 Apr 2014 | 8:59 pm
    The goal of must businesses is to make money. There aren’t many businesses that can lose on each sale and make it up in volume. In fact, I don’t know of any. But I digress…. So let’s take Sam and Edna, two successful individuals who love horses. They decide to start raising horses. They remember their accountant telling them that if they had a business that loses money they can take the loss and offset some of their income. That’s true. They don’t remember their accountant telling them that the business does need to be structured to make money eventually.
  • Bozo Tax Tip #2: Hot Air

    Russ
    13 Apr 2014 | 8:57 pm
    Congress has decided to legislate through the Tax Code. There are hundreds of tax credits that now exist. These range from the Earned Income Credit, education credits, electric vehicle credits, and adoption credits. Some of these credits, such as the Earned Income Credit, are refundable credits: You can get a refund based on the credit even if you don’t have income. Now, the Bozo mind works differently than yours and mine. They see a tax credit and think, “How can I get some free money? I’ll find a tax credit and the government will just send me money!” So our Bozo…
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    L & R Tax Preparation LLC RSS Feed

  • IRS Warns Taxpayers of Pervasive Telephone Scam

    1 Apr 2014 | 7:00 am
    The Internal Revenue Service is warning consumers about a sophisticated phone scam targeting taxpayers throughout the country. Here's what you need to know.
  • What Income is Taxable?

    1 Apr 2014 | 7:00 am
    Are you wondering if there's a hard and fast rule about what income is taxable and what income is not taxable? The quick (and easy) answer is that all income is taxable unless the law specifically excludes it. But as you might have guessed, there's more to it than that. Keep reading to learn more.
  • Lost Your Job? There Could Be Tax Consequences

    1 Apr 2014 | 7:00 am
    If you were one of the many people who lost your job this year or last, you should be aware that you will have certain unique tax considerations. Continue reading to find out what they are.
  • Five Last Minute Tax Tips for 2014

    1 Apr 2014 | 7:00 am
    Are you one of the millions of Americans who haven't filed (or even started) your taxes yet? With the April 15 tax filing deadline less than a week away, here's some last minute tax advice for you.
 
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    Taxation RSS Feed | JD Supra Law News

  • CRS Analyzes the Production Tax Credit and Related Policies

    Akin Gump Strauss Hauer & Feld LLP
    24 Apr 2014 | 11:05 am
    With both chambers of Congress considering the extension of the production tax credit (PTC), the Congressional Research Service published a report on April 7, 2014, The Renewable Energy Production Tax Credit: In Brief....By: Akin Gump Strauss Hauer & Feld LLP
  • UK / China co-production treaty signed

    DLA Piper - Sports, Media and Entertainment
    24 Apr 2014 | 10:10 am
    Yesterday, UK Culture Minister Ed Vaizey and Chinese Vice Minister Tong Gang of the State Administration of Radio, Film & Television, signed the long-awaited UK / China co-production treaty....By: DLA Piper - Sports, Media and Entertainment
  • Q-and-A on Base Erosion and Profit Shifting

    Duane Morris LLP
    24 Apr 2014 | 9:57 am
    Base Erosion and Profit Shifting (BEPS) is currently the subject of intense discussion among tax professionals worldwide, but it remains a confusing area that is constantly evolving. This Alert highlights the key aims of BEPS, the current state of...By: Duane Morris LLP
  • Doing Business in Latin America and The Caribbean: Ecuador

    MERITAS - Law Firms Worldwide
    24 Apr 2014 | 7:01 am
    Situated on the northwest coast of South America, the Republic of Ecuador encompasses an area of approximately 256,549 square kilometers, or 99,438 square miles. Ecuador is a constitutional, democratic, sovereign and independent state. The 2008...By: MERITAS - Law Firms Worldwide
  • Maine Allows Expedited Foreclosure Of Abandoned Properties

    BuckleySandler LLP
    24 Apr 2014 | 6:22 am
    On April 5, Maine Governor Paul LePage signed into law LD 1389, which expedites foreclosures on properties determined by a court to be abandoned by shortening the redemption period from 90 to 45 days....By: BuckleySandler LLP
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  • Portrait of ferry's captain begins to emerge

    24 Apr 2014 | 12:43 pm
    Portrait of ferry's captain begins to emergeAPLee Joon-seok, 68, has 40 years of experience at sea, and colleagues of his helped fill in the gaps about his reputation on Wednesday.Assessment his helmsman gaveMore on the sunken ferryBillionaire's home searched Ferry owner has checkered past
  • US Postal workers protest outside Staples

    24 Apr 2014 | 12:43 pm
    US Postal workers protest outside StaplesGetty ImagesPostal workers around the country protested in front of 507 Staples stores to object to a new program the postal service is rolling out. Reason workers are so upsetMore business newsFeds slam anti-Tesla rulesMore bad news for GM
  • If you like it from the outside, you'll love the inside

    24 Apr 2014 | 12:43 pm
    If you like it from the outside, you'll love the insideGettyThis Volkswagen is popular for many reasons -- including its comfortable, well-designed cabin.The 10 best car interiorsOn the road again10 best car deals this month'Most American' cars on the road
  • 'Bachelorette' contestant dies in freak accident

    24 Apr 2014 | 12:43 pm
    'Bachelorette' contestant dies in freak accidentFacebookEric Hill, who competed for the affection of Andi Dorfman on the upcoming season of the reality show, is dead at 32.Tragic mishap that claimed his lifeMore storiesNews for 'Frozen' fans is not good Big changes ahead for MTV VMAs
  • Fury, desperation as S. Koreans seize officials

    24 Apr 2014 | 12:43 pm
    Fury, desperation as S. Koreans seize officialsGettyRelatives of victims in the ferry sinking shouted at officials who were detained by the mob.A tragic truth that was revealedMore on the S. Korean ferryNew clues on ferry sinkingGrim find on children's bodies
  • add this feed to my.Alltop

  • Portrait of ferry's captain begins to emerge

    24 Apr 2014 | 12:43 pm
    Portrait of ferry's captain begins to emergeAPLee Joon-seok, 68, has 40 years of experience at sea, and colleagues of his helped fill in the gaps about his reputation on Wednesday.Assessment his helmsman gaveMore on the sunken ferryBillionaire's home searched Ferry owner has checkered past
  • US Postal workers protest outside Staples

    24 Apr 2014 | 12:43 pm
    US Postal workers protest outside StaplesGetty ImagesPostal workers around the country protested in front of 507 Staples stores to object to a new program the postal service is rolling out. Reason workers are so upsetMore business newsFeds slam anti-Tesla rulesMore bad news for GM
  • If you like it from the outside, you'll love the inside

    24 Apr 2014 | 12:43 pm
    If you like it from the outside, you'll love the insideGettyThis Volkswagen is popular for many reasons -- including its comfortable, well-designed cabin.The 10 best car interiorsOn the road again10 best car deals this month'Most American' cars on the road
  • 'Bachelorette' contestant dies in freak accident

    24 Apr 2014 | 12:43 pm
    'Bachelorette' contestant dies in freak accidentFacebookEric Hill, who competed for the affection of Andi Dorfman on the upcoming season of the reality show, is dead at 32.Tragic mishap that claimed his lifeMore storiesNews for 'Frozen' fans is not good Big changes ahead for MTV VMAs
  • Fury, desperation as S. Koreans seize officials

    24 Apr 2014 | 12:43 pm
    Fury, desperation as S. Koreans seize officialsGettyRelatives of victims in the ferry sinking shouted at officials who were detained by the mob.A tragic truth that was revealedMore on the S. Korean ferryNew clues on ferry sinkingGrim find on children's bodies
 
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  • Portrait of ferry's captain begins to emerge

    24 Apr 2014 | 12:43 pm
    Portrait of ferry's captain begins to emergeAPLee Joon-seok, 68, has 40 years of experience at sea, and colleagues of his helped fill in the gaps about his reputation on Wednesday.Assessment his helmsman gaveMore on the sunken ferryBillionaire's home searched Ferry owner has checkered past
  • US Postal workers protest outside Staples

    24 Apr 2014 | 12:43 pm
    US Postal workers protest outside StaplesGetty ImagesPostal workers around the country protested in front of 507 Staples stores to object to a new program the postal service is rolling out. Reason workers are so upsetMore business newsFeds slam anti-Tesla rulesMore bad news for GM
  • If you like it from the outside, you'll love the inside

    24 Apr 2014 | 12:43 pm
    If you like it from the outside, you'll love the insideGettyThis Volkswagen is popular for many reasons -- including its comfortable, well-designed cabin.The 10 best car interiorsOn the road again10 best car deals this month'Most American' cars on the road
  • 'Bachelorette' contestant dies in freak accident

    24 Apr 2014 | 12:43 pm
    'Bachelorette' contestant dies in freak accidentFacebookEric Hill, who competed for the affection of Andi Dorfman on the upcoming season of the reality show, is dead at 32.Tragic mishap that claimed his lifeMore storiesNews for 'Frozen' fans is not good Big changes ahead for MTV VMAs
  • Fury, desperation as S. Koreans seize officials

    24 Apr 2014 | 12:43 pm
    Fury, desperation as S. Koreans seize officialsGettyRelatives of victims in the ferry sinking shouted at officials who were detained by the mob.A tragic truth that was revealedMore on the S. Korean ferryNew clues on ferry sinkingGrim find on children's bodies
  • add this feed to my.Alltop

  • Portrait of ferry's captain begins to emerge

    24 Apr 2014 | 12:43 pm
    Portrait of ferry's captain begins to emergeAPLee Joon-seok, 68, has 40 years of experience at sea, and colleagues of his helped fill in the gaps about his reputation on Wednesday.Assessment his helmsman gaveMore on the sunken ferryBillionaire's home searched Ferry owner has checkered past
  • US Postal workers protest outside Staples

    24 Apr 2014 | 12:43 pm
    US Postal workers protest outside StaplesGetty ImagesPostal workers around the country protested in front of 507 Staples stores to object to a new program the postal service is rolling out. Reason workers are so upsetMore business newsFeds slam anti-Tesla rulesMore bad news for GM
  • If you like it from the outside, you'll love the inside

    24 Apr 2014 | 12:43 pm
    If you like it from the outside, you'll love the insideGettyThis Volkswagen is popular for many reasons -- including its comfortable, well-designed cabin.The 10 best car interiorsOn the road again10 best car deals this month'Most American' cars on the road
  • 'Bachelorette' contestant dies in freak accident

    24 Apr 2014 | 12:43 pm
    'Bachelorette' contestant dies in freak accidentFacebookEric Hill, who competed for the affection of Andi Dorfman on the upcoming season of the reality show, is dead at 32.Tragic mishap that claimed his lifeMore storiesNews for 'Frozen' fans is not good Big changes ahead for MTV VMAs
  • Fury, desperation as S. Koreans seize officials

    24 Apr 2014 | 12:43 pm
    Fury, desperation as S. Koreans seize officialsGettyRelatives of victims in the ferry sinking shouted at officials who were detained by the mob.A tragic truth that was revealedMore on the S. Korean ferryNew clues on ferry sinkingGrim find on children's bodies
  • add this feed to my.Alltop

  • Portrait of ferry's captain begins to emerge

    24 Apr 2014 | 12:43 pm
    Portrait of ferry's captain begins to emergeAPLee Joon-seok, 68, has 40 years of experience at sea, and colleagues of his helped fill in the gaps about his reputation on Wednesday.Assessment his helmsman gaveMore on the sunken ferryBillionaire's home searched Ferry owner has checkered past
  • US Postal workers protest outside Staples

    24 Apr 2014 | 12:43 pm
    US Postal workers protest outside StaplesGetty ImagesPostal workers around the country protested in front of 507 Staples stores to object to a new program the postal service is rolling out. Reason workers are so upsetMore business newsFeds slam anti-Tesla rulesMore bad news for GM
  • If you like it from the outside, you'll love the inside

    24 Apr 2014 | 12:43 pm
    If you like it from the outside, you'll love the insideGettyThis Volkswagen is popular for many reasons -- including its comfortable, well-designed cabin.The 10 best car interiorsOn the road again10 best car deals this month'Most American' cars on the road
  • 'Bachelorette' contestant dies in freak accident

    24 Apr 2014 | 12:43 pm
    'Bachelorette' contestant dies in freak accidentFacebookEric Hill, who competed for the affection of Andi Dorfman on the upcoming season of the reality show, is dead at 32.Tragic mishap that claimed his lifeMore storiesNews for 'Frozen' fans is not good Big changes ahead for MTV VMAs
  • Fury, desperation as S. Koreans seize officials

    24 Apr 2014 | 12:43 pm
    Fury, desperation as S. Koreans seize officialsGettyRelatives of victims in the ferry sinking shouted at officials who were detained by the mob.A tragic truth that was revealedMore on the S. Korean ferryNew clues on ferry sinkingGrim find on children's bodies
 
  • add this feed to my.Alltop

  • Portrait of ferry's captain begins to emerge

    24 Apr 2014 | 12:43 pm
    Portrait of ferry's captain begins to emergeAPLee Joon-seok, 68, has 40 years of experience at sea, and colleagues of his helped fill in the gaps about his reputation on Wednesday.Assessment his helmsman gaveMore on the sunken ferryBillionaire's home searched Ferry owner has checkered past
  • US Postal workers protest outside Staples

    24 Apr 2014 | 12:43 pm
    US Postal workers protest outside StaplesGetty ImagesPostal workers around the country protested in front of 507 Staples stores to object to a new program the postal service is rolling out. Reason workers are so upsetMore business newsFeds slam anti-Tesla rulesMore bad news for GM
  • If you like it from the outside, you'll love the inside

    24 Apr 2014 | 12:43 pm
    If you like it from the outside, you'll love the insideGettyThis Volkswagen is popular for many reasons -- including its comfortable, well-designed cabin.The 10 best car interiorsOn the road again10 best car deals this month'Most American' cars on the road
  • 'Bachelorette' contestant dies in freak accident

    24 Apr 2014 | 12:43 pm
    'Bachelorette' contestant dies in freak accidentFacebookEric Hill, who competed for the affection of Andi Dorfman on the upcoming season of the reality show, is dead at 32.Tragic mishap that claimed his lifeMore storiesNews for 'Frozen' fans is not good Big changes ahead for MTV VMAs
  • Fury, desperation as S. Koreans seize officials

    24 Apr 2014 | 12:43 pm
    Fury, desperation as S. Koreans seize officialsGettyRelatives of victims in the ferry sinking shouted at officials who were detained by the mob.A tragic truth that was revealedMore on the S. Korean ferryNew clues on ferry sinkingGrim find on children's bodies
  • add this feed to my.Alltop

  • Portrait of ferry's captain begins to emerge

    24 Apr 2014 | 12:43 pm
    Portrait of ferry's captain begins to emergeAPLee Joon-seok, 68, has 40 years of experience at sea, and colleagues of his helped fill in the gaps about his reputation on Wednesday.Assessment his helmsman gaveMore on the sunken ferryBillionaire's home searched Ferry owner has checkered past
  • US Postal workers protest outside Staples

    24 Apr 2014 | 12:43 pm
    US Postal workers protest outside StaplesGetty ImagesPostal workers around the country protested in front of 507 Staples stores to object to a new program the postal service is rolling out. Reason workers are so upsetMore business newsFeds slam anti-Tesla rulesMore bad news for GM
  • If you like it from the outside, you'll love the inside

    24 Apr 2014 | 12:43 pm
    If you like it from the outside, you'll love the insideGettyThis Volkswagen is popular for many reasons -- including its comfortable, well-designed cabin.The 10 best car interiorsOn the road again10 best car deals this month'Most American' cars on the road
  • 'Bachelorette' contestant dies in freak accident

    24 Apr 2014 | 12:43 pm
    'Bachelorette' contestant dies in freak accidentFacebookEric Hill, who competed for the affection of Andi Dorfman on the upcoming season of the reality show, is dead at 32.Tragic mishap that claimed his lifeMore storiesNews for 'Frozen' fans is not good Big changes ahead for MTV VMAs
  • Fury, desperation as S. Koreans seize officials

    24 Apr 2014 | 12:43 pm
    Fury, desperation as S. Koreans seize officialsGettyRelatives of victims in the ferry sinking shouted at officials who were detained by the mob.A tragic truth that was revealedMore on the S. Korean ferryNew clues on ferry sinkingGrim find on children's bodies
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  • The award no airline wants to win

    24 Apr 2014 | 1:42 pm
    The award no airline wants to wingettystockA new poll was just released and Spirit Airlines probably won't be happy about taking the top spot. List that no one would brag aboutMore finance news Shaq just won LinkedInCompanies hiring interns
  • MLB comes down on Yankees pitcher

    24 Apr 2014 | 1:42 pm
    MLB comes down on Yankees pitcherThe league announced punishment for Michael Pineda after he was tossed for having a foreign substance on his neck Wednesday.Penalty he was slapped withWide world of sportsCowboys eyeing QB in draft?Seahawks QB, wife file for divorce
  • If you like it from the outside, you'll love the inside

    24 Apr 2014 | 1:42 pm
    If you like it from the outside, you'll love the insideGettyThis Volkswagen is popular for many reasons -- including its comfortable, well-designed cabin.The 10 best car interiorsOn the road again10 best car deals this month'Most American' cars on the road
  • Putin makes outrageous claim about US

    24 Apr 2014 | 1:42 pm
    Putin makes outrageous claim about USGetty ImagesAnxious for more Internet control, Putin has been attacking websites and making comments some are calling 'absurd.' US agency he says runs the webMore world news Israel suspends peace talksNew clues about ferry disaster
  • Fury, desperation as S. Koreans seize officials

    24 Apr 2014 | 1:42 pm
    Fury, desperation as S. Koreans seize officialsGettyRelatives of victims in the ferry sinking shouted at officials who were detained by the mob.A tragic truth that was revealedMore on the S. Korean ferryNew clues on ferry sinkingGrim find on children's bodies
 
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  • The award no airline wants to win

    24 Apr 2014 | 1:42 pm
    The award no airline wants to wingettystockA new poll was just released and Spirit Airlines probably won't be happy about taking the top spot. List that no one would brag aboutMore finance news Shaq just won LinkedInCompanies hiring interns
  • MLB comes down on Yankees pitcher

    24 Apr 2014 | 1:42 pm
    MLB comes down on Yankees pitcherThe league announced punishment for Michael Pineda after he was tossed for having a foreign substance on his neck Wednesday.Penalty he was slapped withWide world of sportsCowboys eyeing QB in draft?Seahawks QB, wife file for divorce
  • If you like it from the outside, you'll love the inside

    24 Apr 2014 | 1:42 pm
    If you like it from the outside, you'll love the insideGettyThis Volkswagen is popular for many reasons -- including its comfortable, well-designed cabin.The 10 best car interiorsOn the road again10 best car deals this month'Most American' cars on the road
  • Putin makes outrageous claim about US

    24 Apr 2014 | 1:42 pm
    Putin makes outrageous claim about USGetty ImagesAnxious for more Internet control, Putin has been attacking websites and making comments some are calling 'absurd.' US agency he says runs the webMore world news Israel suspends peace talksNew clues about ferry disaster
  • Fury, desperation as S. Koreans seize officials

    24 Apr 2014 | 1:42 pm
    Fury, desperation as S. Koreans seize officialsGettyRelatives of victims in the ferry sinking shouted at officials who were detained by the mob.A tragic truth that was revealedMore on the S. Korean ferryNew clues on ferry sinkingGrim find on children's bodies
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    Value Added Tax Blog

  • VAT invoice lottery is the way to go

    Mark
    19 Apr 2014 | 9:24 am
    “When Jozef Lazarcik, a 35-year-old factory worker, heard his number called on national television here recently, he pumped his fists, hardly believing his luck. He had registered only nine receipts with Slovakia’s new tax lottery, and yet he had just won a new car. “It’s a heavenly feeling,” he said before leaving the studio, ready […]
  • Bloomberg BNA webinar: Sales tax and VAT

    Mark
    9 Apr 2014 | 1:39 pm
    Another BNA webinar is coming up for April 29, 12-1pm Eastern. During this live webinar, Fruchtman and Houtzager will cover: Sales Tax and VAT – what are the main similarities and differences; how does VAT work, and how do indirect taxes affect a global organization’s tax structure Tax Presence Issues: “nexus” vs. “permanent establishment” – […]
  • Italy – Web Tax, but not for VAT.

    Mark
    27 Mar 2014 | 10:18 am
    Michaela Merz is PWC’s Global VAT leader, and I recommend that you bookmark her blog – see http://michaelamerz.wordpress.com/. Michaela writes about the new (and very odd) “Web Tax” legislation in Italy. I wrote about this plan earlier here. No one has been able to explain this law in a comprehensive way, and Michaela smartly quotes Luca […]
  • Global VAT guides for 2014

    Mark
    27 Mar 2014 | 10:00 am
    Spring is in the air here on the US East Coast, and that means that the big accounting firms are publishing their global VAT reference guides. These popular guides are the most-clicked through VAT blog postings! Thus far I received guides from EY and Grant Thornton – see below. If I receive more, I will […]
  • I’m back…

    Mark
    27 Mar 2014 | 9:53 am
    .. from a grand three weeks world tour: New York – Amsterdam – Singapore – Hong Kong – Amsterdam – New York. It was a very inspiring almost-all-business trip, and I hope that this tick bite on my arm that I acquired in Singapore’s Gardens At The Bay won’t turn into something worse. Also, it […]
 
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    J. Stefan - EzineArticles Expert Author

  • No Articles Found

    24 Apr 2014 | 1:42 pm
    No articles were found for the Author that was requested. This may mean that the author has no articles that are live on the site or that there may be a misspelling in the requested file. Please check the file name and try again. If you continue to have issues, please contact EzineArticles Support at http://www.ezinearticles.com/contact.html.
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    The Dinesen Tax Times by Jason T. Dinesen, LPA, E.A.

  • Is it Okay for Clients to Text a Professional Service Provider?

    Jason Dinesen
    24 Apr 2014 | 4:45 am
    In my writeup about tax season, I wrote, not particularly tongue-in-cheek, about the annoyances of getting incessant text messages from clients. Dawn Mentzer at the Insatiable Solopreneur website picked up on this part of my post and did her own blog post, titled “3 Ways Texting with Clients Can Hurt Your Business.” Dawn’s post covers all of my concerns about texting but I wanted to add some more thoughts. Not All Texting is Bad Texting A lot of my clients read this blog, so I want to clarify something: I am not opposed to ALL text messages from clients. If it’s a…
  • On Schedule C’s and Setting Rates

    Jason Dinesen
    22 Apr 2014 | 6:26 am
    According to research from the National Society of Accountants, the price for a Schedule C (sole proprietorship tax return) is $205. My fee for a Schedule C starts at $50. There’s a lot to say on fees (like … I will no longer tolerate people complaining about my fees after I’ve seen research like what I linked to above!) and I’ll fill up future blog posts with those thoughts. But today, I’m writing about Schedule C. Is the average price for preparing a Schedule C really $205? Or on this survey, did some firms respond with the total price for a Schedule C…
  • Housekeeping Note: Comment Sections Are Closed

    Jason Dinesen
    18 Apr 2014 | 4:33 am
    Just a housekeeping note for readers of this blog: the “comments” section of the blog is now closed. My web guy and I quietly implemented this change after April 15th passed. We made this decision mainly because this blog gets very few comments. A few tax pros make comments here and there, and maybe 5 times or less a year a taxpayer would ask a question in the comments section. The few comments that have been made have almost certainly been unseen by anyone other than the commenter and me. So I decided to save us all from the “if a tree falls in the forest” situation…
  • Another Tax Season Down — 2014 Tax Season Recap

    Jason Dinesen
    16 Apr 2014 | 4:30 am
    The “unextended” part of tax season officially ended yesterday, but it actually ended for me late last week. On Friday I finalized the last of the tax returns not going on extension, and got e-file authorization pages out to those people. So the last few days leading up to April 15th were surprisingly uneventful. Last year I was able to write about delays and problems with applying tax law. I didn’t face that problem as much this year. Instead, I’m going to write some “dear diary” thoughts that take you inside my head to show what it’s like to run a…
  • Tax Court Case Involving Radio DJ Strikes Close to Home for Me, Part 2

    Jason Dinesen
    10 Apr 2014 | 4:30 am
    On Tuesday I wrote about a Tax Court case involving a Mr. Ramirez, who was a radio station employee who sold advertising on his own, and was treated as an independent contractor in regards to his sales. This post is about my observations on this case. Observations from an Ex-Radio Guy As an ex-radio guy, several things stand out as odd about this case. One: The ruling itself. Based on the facts as presented, I can kinda-sorta see where the Tax Court was coming from in ruling that Ramirez was self-employed in regards to his promotional income. What surprises me is the setup of the whole…
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    IncomeTaxReturnIndia.com

  • ITR 1 and ITR 4S is available online for filing income tax return

    Tax Dost
    22 Apr 2014 | 8:28 am
    Income tax assessee can start filing income tax return online. Income tax department has made ITR 1 And ITR 4S available online for filing income tax return. Who can use ITR 1 for Assessment year 2014-2015 ITR 1 (Income tax return form 1) can be used by any income tax … Continue reading →
  • Direct Tax Code 2013- Proposed changes for discussion

    Tax Dost
    10 Apr 2014 | 4:48 am
    Significant changes in the proposed Direct Taxes Code, 2013 The Income-tax Act was passed in 1961 and has been amended every year through the Finance Act. The Wealth-tax Act was passed in 1957 and has also been amended many times. Numerous amendments have rendered the two Acts incomprehensible to the … Continue reading →
  • NRI receiving ‘Income’ outside India & transfering to NRE account

    Tax Dost
    21 Feb 2014 | 6:34 am
    Indian employees working overseas often face litigation over taxation of their overseas salary income, if such salary is received in India. This is because a non-resident can be subjected to tax in India on that portion of the income which is received in India. The Income Tax Appellate Tribunal (ITAT) … Continue reading →
  • Budget 2014: No Change in Personal taxes , Reduction in excise duty on vehicles

    Tax Dost
    17 Feb 2014 | 9:57 am
      Finance Minister, P Chidambaram’s once delivered a non-populus Budget. In his interim budget in parliament today, he announced massive excise duty cuts in the auto sector making cars cheaper. -Excise duty on SUVs have been cut to 24% from 30% -Excise duty on Small cars, motor cycles, scooters and … Continue reading →
  • Landlord is not giving PAN copy for claiming HRA

    Tax Dost
    14 Feb 2014 | 12:55 am
    Rent and HRA is one of the effective tax planning tips for salaried employees. It make sense to claim full HRA tax benefit. It is now mandatory that pan copy of landlord to be submitted where actual annual rent paid as claimed by the employee exceeds Rs 1,00,000 per annum ( ie Rs. 8333.33 per month). … Continue reading →
 
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    Global Tax Specialist

  • Don’t Keep Your Gold and Silver in the US

    Carlton Melton
    3 Apr 2014 | 7:42 am
    Gloom Boom & Doom Report publisher Marc Faber discusses the fragile state of the US and global financial systems… how rising inflation will affect the average American… how soon the bubble will burst… and why gold and silver will triumph. Want more insightful talk on your money and investments? Subscribe now to Sound Money in […] The post Don’t Keep Your Gold and Silver in the US appeared first on Global Tax Specialist.
  • US Government Is Unaffordable and Unsustainable

    Carlton Melton
    1 Apr 2014 | 7:00 am
    US Government Is Unaffordable and Unsustainable, Says David Walker Former Comptroller General of the United States David Walker talks about the trouble with Obamacare and the sky-high national debt… how much to spend on national defense… and outlines his top 3 reforms to fix the US government. Want more insightful talk on your money and […] The post US Government Is Unaffordable and Unsustainable appeared first on Global Tax Specialist.
  • Peter Schiff Shares His Offshore Strategies

    Carlton Melton
    1 Apr 2014 | 2:00 am
    By Nick Giambruno I’d bet that most International Man readers are familiar with Peter Schiff. He is a financial commentator and author, CEO of Euro Pacific Capital, and is known for accurately predicting the 2008 financial crisis. He also has a very keen understanding of internationalization. Peter shares with me his strategies in this must-read […] The post Peter Schiff Shares His Offshore Strategies appeared first on Global Tax Specialist.
  • Complete Breakdown of Financial Controls in US Government

    Carlton Melton
    31 Mar 2014 | 11:00 am
    Complete Breakdown of Financial Controls in US Government, Says Austin Fitts Former HUD Assistant Housing Secretary and investment advisor Catherine Austin Fitts reveals her thoughts on the ever-rising debt ceiling… what Obamacare is really about (and that’s not socialized healthcare)… why over $4 trillion missing from federal programs may not be incompetence, but a covert […] The post Complete Breakdown of Financial Controls in US Government appeared first on Global Tax Specialist.
  • MF Global Sues PricewaterhouseCoopers Over Its Accounting

    Carlton Melton
    31 Mar 2014 | 8:00 am
    The John Corzine disaster that was MF Global is looking to deflect blame from itself by pointing the finger at its accounting firm. These people have the nerve to blame PwC for their investment in the shitty European debt that sank the firm. “But for PwC’s erroneous accounting advice, MF Global Holdings could not have—and would […] The post MF Global Sues PricewaterhouseCoopers Over Its Accounting appeared first on Global Tax Specialist.
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    Tax Lien Certificates - Smart Investing

  • Tax Deed Investing

    eluke
    18 Apr 2014 | 8:17 am
    If you’re looking to invest in real estate, Tax Deed Investing may be of interest to you. With just a little knowledge and some due diligence, it really is quite possible to get homes for as little as ten to … Continue reading → The post Tax Deed Investing appeared first on Tax Lien Certificates - Smart Investing.
  • Tax Lien Sales – Who Can Invest?

    eluke
    6 Apr 2014 | 10:00 pm
    Thіѕ ѕееmѕ tо bе оnе оf thе mоrе popular questions asked? Thе answer іѕ аlmоѕt everyone can participate in Tax Lien Sales. However, thеrе аrе ѕоmе exceptions. Fоr example, county employees аnd аn individual owing delinquent property taxes іn thе … Continue reading → The post Tax Lien Sales – Who Can Invest? appeared first on Tax Lien Certificates - Smart Investing.
  • Tax Liens – Frequently Asked Questions

    eluke
    21 Mar 2014 | 4:47 pm
    I frequently received many questions regarding both tax lien and tax deed investing. Many are from investors that are just starting out in the field but, some are from individuals that already have a few deals under their belt. From … Continue reading → The post Tax Liens – Frequently Asked Questions appeared first on Tax Lien Certificates - Smart Investing.
  • Tax Lien Certificates – Predictable, Certain, And Secure

    eluke
    3 Mar 2014 | 11:14 pm
    9EBKJS9FRSWX  Hоw wоuld уоu lіkе tо find оut аbоut аn investment vehicle thаt іѕ nоt affected bу thе topsy-turvy nature оf thе stock market? Hоw wоuld уоu lіkе tо knоw аbоut а method оf investing thаt locks іn уоur rate … Continue reading → The post Tax Lien Certificates – Predictable, Certain, And Secure appeared first on Tax Lien Certificates - Smart Investing.
  • Tax Lien Certificates Online

    eluke
    28 Feb 2014 | 10:43 pm
    A few years back tax lien certificates were sold primarily at live auctions. Tax lien investors would have to invest both time and money to travel to the auction sites. This created a problem for many individuals that wanted to … Continue reading → The post Tax Lien Certificates Online appeared first on Tax Lien Certificates - Smart Investing.
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    Blog

  • Owe Taxes But Can’t Pay it All Today? Installment Agreement

    Bill Hartsock
    23 Apr 2014 | 9:15 am
    Are there limits on the amount of time I have to pay off my tax debt?Tags: Tax Collections Information From The Tax LawyerRead more about Owe Taxes But Can’t Pay it All Today? Installment Agreement
  • U.S. International Tax Law Disclosure Requirements

    Bill Hartsock
    18 Apr 2014 | 5:07 pm
    Depending on whether you are a U.S. Citizen or Resident, you have various reporting and disclosure requirements to the IRS on your U.S. source and worldwide income. In this article we will take a look at a few of the most common and most important international tax reporting requirements.Tags: International Tax NewsRead more about U.S. International Tax Law Disclosure Requirements
  • Electing to Treat a Nonresident Spouse as a U.S. Resident

    Bill Hartsock
    17 Apr 2014 | 11:09 am
    If you meet the conditions of the substantial presence test, you are considered to be a U.S. resident for U.S. tax purposes. If you qualify as a U.S. resident under the substantial presence test, you may be able to have your nonresident spouse treated as a U.S.Tags: International Tax NewsRead more about Electing to Treat a Nonresident Spouse as a U.S. Resident
  • Contesting an IRS Levy

    Bill Hartsock
    11 Apr 2014 | 5:42 pm
    The US government has given the IRS incredible power to both determine the amount of taxes you owe and to perform tax collections. The good news is that you are not powerless. In this article we will take a look at IRS levies and what you can do to defend yourself by contesting them.Tags: Tax Collections Information From The Tax LawyerRead more about Contesting an IRS Levy
  • Tax Liens & Levies: Q&A with The Tax Lawyer

    Bill Hartsock
    8 Apr 2014 | 2:56 pm
    The IRS has been given tremendous power to determine what taxes you owe based on the law and information provided either through your tax return or through the research and findings of IRS auditors. Once the IRS decides how much you owe, the IRS collection department is empowered to take a variety of aggressive tax collections actions including filing a tax lien or a tax levy against you.Tags: Tax Collections Information From The Tax LawyerRead more about Tax Liens & Levies: Q&A with The Tax Lawyer
 
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    Express Tax Claims Blog - All Of Your Tax Based News

  • Barratt will make extra 3000 Jobs after Budget

    admin
    22 Apr 2014 | 3:13 am
    After this years budget taking place a few weeks ago, finally some positive news and support from MP’s for the construction industry. The Help to Buy scheme is doing so improving the economy so hugely that it’s existence has been extended another few years, taking us to 2020, at least. This news has culminated in several statements from building companies making claims about job prospects, however Barratt Developments, Britains biggest builder, say they will be able to create upwards of 3000 new jobs due to this announcement. The number of sites the company work on is set to increase from…
  • Kingdom Tower: The Breakdown

    admin
    14 Apr 2014 | 9:12 am
    There aren’t many occasions in the construction industry that you can get upset about. However the proposed Kingdom Tower is one of those times. The futuristic skyscraper, proposed originally in2010, is planned to be 3000ft tall and be built in Jeddah, Saudi Arabia at a cost of around £1.2 billion. However, engineers are struggling to get their heads around this massive task by experimenting with steel structures as well as pumping wet concrete up to half a mile into the sky. The weight is also an issue raised by the experts, so will they be able to get around it?  The foundations are…
  • Employers are Urged to File PAYE Tax Refund

    admin
    7 Apr 2014 | 8:50 am
    Do you rely on your employer to file your PAYE tax refund? Apparently, in recent news story that does not mean it is definitely going to happen.  More than 70,000 employers are being urged to send their employees Pay as you Earn information in real time or face hefty penalties. Some companies are using the excuse that they have never used the new system, however HMRC aren’t taking no for an answer. If employers fail to supply the information by the end of the year they face penalties of up to £100, which soon builds up when you have multiple employees. HMRC’s Director General for…
  • Special Introductory Offer for your 2013/2014 Tax Claim!

    admin
    1 Apr 2014 | 7:05 am
    This is an introductory offer available to any individual who has not yet claimed with Express Tax Claims. The offer applies to the 2013/14 tax claim only. Tax claims for any other tax year will be subject to the normal fee structure as detailed on our website. Signed Terms of Business must be received by Express Tax Claims no later than 30th June 2014 to be eligible for the Special Introductory Offer. PAYE claims 22% of the claim will be deducted from the repayment and the balance transferred to the customer, therefore 78% will be retained by the customer.  The claim and fee is based upon…
  • Fuel Theft on the Increase: Construction Vehicles Most at Risk

    admin
    24 Mar 2014 | 3:54 am
    All construction workers are in risk in terms of fuel theft. It doesn’t only cause damage to your vehicles but also lead to a loss of money and an extra tax load. The key is to educate people, make them aware. Also if you have been paying for your own transportation and fuel then you are entitled to a tax refund. You can easily submit your tax return by using our online tax return services. If you work in construction the chances are you are required to drive vehicles on site regularly. With fuel theft increasing on a weekly basis your industry is one of the largest at risk. Fuel fraud…
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