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By on November 30, 2021
This blog post summarizes a few noteworthy court decisions released last month that pertain to federal tax matters.
Finally, IRS Ends Unhelpful Ten Transcripts Per Call Limit
By on November 19, 2021
Perhaps you have noticed that it is often impossible to get through to the IRS on its Practitioner Priority Line.
By on November 17, 2021
While famed ghostbusters Venkman, Stantz, and Spengler may not be a threat to what the IRS is calling "ghost employers," the IRS Office of Fraud Enforcement just might be. According to the IRS, "ghost employers" are people who give their employees a W-2 but don't file employment tax returns or provide payroll information to the Social Security Administration.
Gift Tax Annual Exclusion Amount Increases for the First Time Since 2018
By on November 12, 2021
As inflation recently hit a three-decade high, the IRS announced adjustments to various tax deductions, credits, and exemptions.
Defined Valued Transfer - How the Taxpayers Got it Wrong
By on November 9, 2021
On November 3, 2021, the Fifth Circuit issued its opinion in Nelson v. Commissioner and unanimously affirmed the opinion of the Tax Court in favor of the IRS.