Articles
Tax Court Sustains IRS Strict Interpretation Of Charitable
Acknowledgement Rules
The Tax Court had bad news for 15 West 17th Street LLC about how
strict that rule is. Very, very strict. Read More.
A taxing year ahead: Expect to pay more for your home, parking,
water and more
Property owners hoping for a respite from rapidly rising taxes
will be disappointed in 2017, when city government and Public
Schools will continue digging deeper into their pocketbooks. Read More.
IRS’ Koskinen Expresses Interest to Stay on Under Trump
Bloomberg’s Laura Davison discusses Internal Revenue Service
Commissioner John Koskinen’s history with Donald Trump and
whether he will remain in the president-elect’s administration. Read More.
GOP considers holding off on repealing ObamaCare taxes
Congressional Republicans are considering holding off on
repealing some of ObamaCare’s taxes, according to lobbyists
familiar with the discussions. Read More.
Google lowered 2015 taxes by $3.6 bn using ‘Dutch Sandwich’
Alphabet Inc.’s Google saved $3.6 billion in worldwide taxes in
2015 by moving 14.9 billion euros ($15.5 billion) to a Bermuda
shell company, new regulatory filings in the Netherlands reveal. Read More.
IRS Agents Rented Million-Dollar Townhomes, Spent Hundreds of
Nights in Luxury Hotels Last Year
Taxpayers paid for “excessive and inappropriate” lodging and
travel costs, including for one employee who managed to travel
381 days of the year. Read More.
Make Taxes Fair Again
Yes, Mr. Trump can #MAGA-MakeAmericaGreatAgain but only if we
#MTFA-MakeTaxesFairAgain. Read More.
The FAIRtax Is Not “Regressive”
Socrates, the great Greek philosopher is credited with saying,
“The beginning of wisdom is the definition of terms.” Read More.
Why Have A Tax System?
In all the musings about tax reform, an often overlooked question
is “What is the fundamental purpose of our tax system?” Read More.
A Time For Choosing
Seldom in a lifetime does circumstance collide with opportunity
to provide such an occasion for fundamental change. We are in one
of those times. Read More.
Hatch report finds ‘troubling’ IRS spending on long-term travel
More than two dozen IRS employees traveled for more than half of
fiscal 2015, incurring total costs of more than $1.4 million,
according to a report from the staff of Senate Finance Committee
Chairman Orrin Hatch (R-Utah). Read More.
Coinbase Customer Files Motion To Block IRS From Accessing User
Info
The “John Doe” summons seeks to identify all United States
Coinbase customers who transferred convertible virtual currency
from 2013 to 2015. Read More.
House Republicans accelerate efforts on tax reform bill
Republicans in the U.S. House of Representatives are accelerating
efforts to craft a sweeping tax reform bill for 2017 and looking
at ways to smooth the transition to a new tax system for some
businesses, the House Republican tax chief said on Wednesday. Read More.
House Republicans derail impeachment effort against IRS
commissioner
Republican leaders managed to derail impeachment of IRS
Commissioner John Koskinen on Tuesday, forcing the debate back to
a committee for more study, where it will die when Congress
adjourns at the end of this year. Read More.
Americans Are Paying Apple Millions To Shelter Overseas Profits,
Thanks To I.R.C. § 956(c)(2)
Over the years, Apple Inc. has become the poster child for U.S.
multinationals accused of sheltering overseas profits to avoid
the IRS. What’s gone largely unnoticed is that it’s been paid
more than half a billion dollars by the U.S. government to do
just that. Read More.
