The latest straight from the IRS — new rules, deadlines, guidance, and announcements explained in plain English.
And some more on the list of positions not to take on your individual income tax return: 33. Federal courts may not enforce the internal revenue laws because their jurisdiction is limited to admiralty or maritime cases or issues. Psst, remember: This is a list of positions NOT to take!!
More on the list of positions not to take on your tax return, as per the IRS’ recent notice: 2. The Internal Revenue Code is not law (or “positive law”) or its provisions are ineffective or inoperative, including the sections imposing an income tax or requiring the filing of tax returns, because the provisions have…
More on the list of 40 positions not to take on your federal income tax return because they have been deemed frivolous or fraudulent according to IRS: 9. Federal income taxes are unconstitutional or a taxpayer has a constitutional right not to comply with the Federal tax laws for one of the following reasons: a….
More on the list of 40 positions not to take on your federal income tax return because they have been deemed frivolous or fraudulent according to IRS: 1. Compliance with the internal revenue laws is voluntary or optional and not required by law, including arguments that: a. Filing a Federal tax or information return or…
Continuing the list of 40 positions not to take on your federal income tax return because they have been deemed frivolous or fraudulent according to IRS: 8. Only certain types of income are taxable, for example, income that results from the sale of alcohol, tobacco, or firearms or from transactions or activities that take place in interstate…
Continuing the list of 40 positions not to take on your federal income tax return because they have been deemed frivolous or fraudulent according to IRS: 3. A taxpayer’s income is excluded from taxation when the taxpayer rejects or renounces United States citizenship because the taxpayer is a citizen exclusively of a State (sometimes characterized…
Continuing the list of 40 positions not to take on your federal income tax return because they have been deemed frivolous or fraudulent according to IRS: 20. A taxpayer may avoid tax on income by attributing the income to a trust, including the argument that a taxpayer can put all of the taxpayer’s assets into…
The IRS released its list last week of 40 positions not to take on your federal income tax return because they have been deemed frivolous or fraudulent. The penalties for filing income tax returns based on a frivolous position increased last year from $500 to $5,000, plus interest and additional penalty. Over the next month,…
As tax day creeps even closer, the IRS reminds you that their web site is http://www.irs.gov. That’s right, .gov. Not .com, .edu, .org, .net or any other variation on a theme. And exercise caution with respect to emails purporting to be from IRS. As the IRS has announced before, it will never send you an…
A little snow never hurt anybody. A lot of snow? That’s a whole other story. The IRS has announced that farmers and fishermen may request a waiver of estimated tax penalties if they were affected by the snowstorms that began on February 19, 2007. The reason? The magnitude of the storms may have affected the ability of many farmers…