Led by Governor Paterson, New York is considering the imposition of a tax on sugary drinks according to TaxGirl, Kelly Phillips-Erb: [T]he state of New York is considering imposing a so-called “fat tax.” While each municipality is a little different, the New York proposal would slap an 18% tax on sodas and sugar-filled drinks which [...]
Tags: Opinion · Tax Policy
O Holy Night by Luciano Pavarotti, the greatest tenor who ever lived. Bookmark & Share:
Tags: News
With apologies to Clement Clarke Moore, here is my version of ‘Twas the Night Before Christmas: ‘Twas the Night Before an Obama Christmas “Twas the night before Christmas when all through the house, Not a tax break was stirring not even inn’ spouse. The Bush cuts weren’t permanent, stim checks weren’t enough. The economy was [...]
Tags: Legislative Watch · Literature and the Law · Tax Humor · Tax Policy
Earlier this week in IRS Continues to Step Up Enforcement, 2007 Statistics Reveal we reported that the IRS’s 2007 audit and collection enforcement results showed a substantial increase from 2006. Yesterday, the IRS released statistics for 2008 that showed a decline in enforcement activity. Here’s the Wall Street Journal: IRS Deputy Commissioner Linda Stiff said 2008 was “a very challenging year,” [...]
Tags: Announcements · IRS Audits · IRS Liens and Levies · Tax Collections
Soldier: He was from my village. He was the village idiot. Boris: Yeah, what did you do, place? – Woody Allen’s Love and Death - In a previous post titled Florida Contractor Hires Hitman to Have IRS Auditor Murdered, we wrote, [Randy] Nowak, a wealthy Florida construction company owner, hired a hitman (really an undercover [...]
Tags: Court Cases · IRS Audits · News
David W. Trout v. Commissioner of Internal Revenue - In 1997, the taxpayer entered into an offer-in-compromise (OIC) with the IRS covering tax years 1989, 1990, 1991, and 1993. The OIC included a term that required the taxpayer to timely file and pay his taxes for the next five years. The taxpayer filed his 1996 tax return [...]
Tags: Back Taxes · Court Cases · Offers in Compromise
Dominick J. Vincentini v. Commissioner of Internal Revenue – The Court disallowed the taxpayers’ 2001 theft loss deduction for investments he made in a fraudulent venture called Anderson Ark: In 2004 the Anderson Ark defendants were convicted in the Washington District Court on charges of conspiracy to defraud the United States, conspiracy to commit mail [...]
Tags: Court Cases · IRS Penalties
