Monday, May 31, 2021

The Price of Freedom Is Much More Than Taxes

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On Memorial Day ten years ago, in Free, Freedom, Fees, and Taxes , I examined the extent to which Americans understand the meaning of the of...
Friday, May 28, 2021

Partnerships: A Contributing Factor to the Tax Noncompliance Surge

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In its American Families Plan Tax Compliance Agenda report , the Department of Treasury told that world that during calendar year 2018, more...
Wednesday, May 26, 2021

Seeking a Legislative Cure for a Tax Break Malfunction

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About a year ago, in How Not to Write Tax Break Statutes , I described a decision by the Pennsylvania Commonwealth Court in Dechert LLP v. P...
Monday, May 24, 2021

An Important Observation About Biden’s Tax Increase Proposal

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On several occasions I’ve written about people who are unable or unwilling to focus on details when reacting to Biden’s tax increase proposa...
Friday, May 21, 2021

Polyworker: A New Word for the Occupation Box on the Federal Tax Return?

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Someone reading this post’s caption probably reacts as did the spellchecker. What is a polyworker? Is it even a word? It is now. So, too, is...
Wednesday, May 19, 2021

Risk Consultant Connects Again with Tax Fraud Risk

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Last week, the Department of Justice announced in this press release that Charles Agee Atkins had pled guilty to “filing a false tax return...
Monday, May 17, 2021

Cost of Goods Sold Offset When No Goods are Sold

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When I taught the basic federal income tax course, which I stopped doing eight years ago, I did not invest much time in the cost of goods so...
Friday, May 14, 2021

A Counter-Productive Tax Cut?

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According to various reports, including this one , the governor of Georgia has, by executive order, suspended the collection of the state’s ...
Wednesday, May 12, 2021

As Bad As Ignorance is for the World, There are Those Who Benefit from It

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Ignorance is a bad thing. It is no less threatening than a biological virus. In some ways it is even more dangerous. The people it harms the...
Monday, May 10, 2021

One Person’s Goof Triples Another Person’s Taxes

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This recent story out of Long Island, New York is an example of how much work still needs to be done to make certain tax systems function p...
Friday, May 07, 2021

Tax Return Preparers Putting Red Flags on Clients’ Returns

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Indeed, as I wrote last week, the list of tax return preparers who have been indicted or charged or whose businesses have been shut down by ...
Wednesday, May 05, 2021

Can Long-Term Tax Collector Embezzlement Be Prevented?

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The attention given to the accusations made against the former Seminole County, Florida, tax collector propelled me into describing not only...
Monday, May 03, 2021

Fixing a Subhead and a Sentence That Reference Tax Brackets

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I learned a long time ago that the headlines in many commercial news and commentary publications are not written by the author of the articl...
Friday, April 30, 2021

Tax Treatment of Vaccination Incentives

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Reader Morris asked an interesting question. He pointed me to a story about an employer providing a $200 gift card, also described as a gif...
Wednesday, April 28, 2021

When Unscrupulous Tax Return Preparers Make It Easy for the IRS and DOJ to Find Them

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There seems to be no end to the list of tax return preparers who have been indicted or charged or whose businesses have been shut down by au...
Monday, April 26, 2021

Giving (Tax) Credit Where (Tax) Credit Is Due

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Nine years ago, in The Precision of Tax Language , I explained, “The IRS DOES NOT ENACT INTERNAL REVENUE CODE SECTIONS.” (upper case letters...
Friday, April 23, 2021

The Tax Gap, Like Greed, Is on Steroids

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Perhaps people were surprised or even shocked when various reports, including this Reuters article , shared the testimony of the IRS Commiss...