Tag Archives: Income

How to Understand An Order/Notice to Withhold Income

If you have received an “Order/Notice to Withhold Income for Child Support,” you must not disregard the document. This notice should be handled immediately as a Texas employer who knowingly fails to withhold court-ordered child support may be subject to … Continue reading

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When Can an Estate or Trust Distribute IRD to a Charity and Receive an Income Tax Charitable Deduction?—The Answer is not Simple

Ladson Boyle and Jonathan G. Blattmachr, IRD and Charities: The Separate Share Regulations and the Economic Effect Requirement, 52 Real Prop. Tr. & Est. L.J. 369 (2018). Michael Yu Can an estate or trust with charitable and non-charitable beneficiaries (1) … Continue reading

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How Does Your State Structure Its Individual Income Tax Brackets?

Like the federal income tax, 33 states and the District of Columbia have a graduated-rate state individual income tax, with tax rates that get progressively higher with increases in income. However, significant variation exists among states in both the number … Continue reading

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Tax Court Denies Government Summary Judgement in Foreign Income Case

Tax Court Denies Government a Quick Win in Foreign Income Case In Zuhovitzky v. CIR, T.C. Memo 2015-158, the government filed a motion for partial summary judgment on the issue wither the petitioner is subject to U.S. tax on worldwide … Continue reading

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Income Earned by Child Taxed to Parent

If a minor child earns income, is the income taxable to the parent or the child?  There have been quite a few tax disputes involving this question.  The Ray v. Commissioner, T.C. Memo. 2018-160 court case provides an opportunity to consider … Continue reading

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