The latest straight from the IRS — new rules, deadlines, guidance, and announcements explained in plain English.
And another three on the list of positions not to take on your individual income tax return as determined by IRS: 14. A ”reparations” tax credit exists, including arguments that African-American taxpayers may claim a tax credit on their Federal income tax returns as reparations for slavery or other historical mistreatment, that Native Americans are…
And another three on the list of positions not to take on your individual income tax return as determined by IRS: 7. Only certain types of taxpayers are subject to income and employment taxes, such as employees of the Federal government, corporations, nonresident aliens, or residents of the District of Columbia or the Federal territories,…
And another three (we’re not getting through the list by the end of March!) the list of positions not to take on your individual income tax return as determined by IRS: 6. A taxpayer has been removed or redeemed from the Federal tax system though the taxpayer remains a United States citizen or resident, or…
And another two on the list of positions not to take on your individual income tax return as determined by IRS: 10. A taxpayer is not a “person” within the meaning of section 7701(a)(14) or other provisions of the Internal Revenue Code, or similar arguments described as frivolous in Rev. Rul. 2007-22, 2007-14 I.R.B. ___….
And another two on the list of positions not to take on your individual income tax return as determined by IRS: 25. A tax assessment is invalid because the assessment was made from a section 6020(b) substitute for return, which is not a valid return. — 11. Federal Reserve Notes are not taxable income when…
Next on the list of positions not to take on your individual income tax return as determined by IRS: 5. United States citizens and residents are not subject to tax on their wages or other income derived from sources within the United States, as only foreign- based income or income received by nonresident aliens and…
So you think you could do a better job than the IRS? Here’s your chance! The IRS is now accepting applications for the Taxpayer Advocacy Panel (TAP). The Panel allows everyday folks like you and me to help make decisions that will make the IRS run a little more smoothly. Specifically, TAP members identify and…
Continuing the list of positions not to take on your individual income tax return as determined by IRS: 34. Revenue Officers are not authorized to issue levies or Notices of Federal Tax Lien or to seize property in satisfaction of unpaid taxes. Psst, remember: This is a list of positions NOT to take!!
Have you made one of the top filing mistakes? IRS just released this list of the Top 16 Filing Mistakes for tax returns. If you’re a regular reader, you’ll notice that some of these questions have appeared on ask the taxgirl and other taxgirl features. Enjoy! And if you have a question, don’t forget to ask the taxgirl!…
We’re about a fourth of the way through the list of positions not to take on your individual tax return per the IRS’ recent notice. Remember, the penalties for doing so can be $5000 per instance. Next on the list: 4. Wages, tips, and other compensation received for the performance of personal services are not taxable income…