Author: Meadows Collier
“Coming Soon: Serious Tax Debts to Put Passport Privileges at Risk,” on January 16, 2018
Partner, Josh O. Ungerman was quoted in a Wall Street Journal article on January 16, 2018, “Coming Soon: Serious Tax Debts to Put Passport Privileges at Risk.” The article discusses unpaid taxes of more than...
The IRS’ New Authentication Procedure for Tax Practitioners
Any tax practitioner who has contacted the IRS after January 3, 2018 to obtain client information has received an unpleasant surprise. The IRS is asking the practitioner to provide his or her social security number and date...
Tax Court Determines that IRS Must Obtain Written Penalty Approval under I.R.C. Section 6751(b) to Assert Penalties against Taxpayers.
On December 20, the Tax Court issued a supplemental opinion in Graev v. Commissioner (here), in which it reversed its prior position on I.R.C. Section 6751(b) and agreed with the Second Circuit’s decision...
Taxpayers May Want to Consider Accelerating Large Dollar Purchases Under the New Tax Law
As the year comes to a close, one additional matter that individual taxpayers may want to consider is whether to expedite any large dollar purchases into this year if sales tax will be due on those transactions. Under current...