Tag Archives: Taxpayers

Making Life Difficult for Taxpayers: Another Congressional “Accomplishment”

Friday a week ago the legislation to keep the federal government operating became law. But that legislation did much more. Among other things, it restored some tax deductions and credits that had expired more than a year ago. What does … Continue reading

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Tax Administration’s Notices on Foreign Accounts Disclosure, Following Automatic Exchange of Information, Alert Taxpayers, Offer Opportunity To Fix Issues

Italian international tax law rules provide that Italian tax residents with foreign financial accounts capable of generating foreign source income taxable in Italy, are under the obligation to disclose the information relating to those accounts to the Italian tax authorities. … Continue reading

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Blue State Taxpayers and Regressivity

by Neil H. BuchananOne of the most openly partisan provisions in the tax bill that Donald Trump signed last month was the limitation on the deduction for state and local taxes (SALT).  How can that be partisan?  Because so-called blue … Continue reading

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As Feds Prepare For Shutdown, Here’s What It Means For IRS And Taxpayers

In this photo March 22, 2013 file photo, the exterior of the Internal Revenue Service (IRS) building in Washington.  (AP Photo/Susan Walsh, File) Millions of taxpayers expect to be ready on January 29 when tax season opens, but will the … Continue reading

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21 Million Taxpayers Will Stop Taking Charitable Deductions Under the New Tax Law

According to new Tax Policy Center estimates, the new Tax Cuts and Jobs Act (TCJA) will reduce the number of households claiming an itemized deduction relating to gifts given to non-profits from 37million to around 16 million for 2018. The… … Continue reading

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