Tag Archives: Taxpayers

Passport Revocation Update: Over 436,000 Taxpayers Meet “Certification” Criteria

Many of my readers already know that one’s US passport is in serious jeopardy if a taxpayer has what is called “seriously delinquent tax debt”.  First, some brief background on the law and how it particularly affects Americans living and … Continue reading

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YOUR 1040 JUST TURNED INTO A POST CARD; BUT TAXPAYERS BEWARE

Congress has been crowing about tax simplification for years. They had a one-page income tax return in 1913 when the first modern return was published by the IRS.  But even then, a one-page return was a written “sleight of hand” … Continue reading

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Want a greater ROI for taxpayers? Restore the patent system, protect Bayh-Dole and cut the red tape strangling federal labs

Three events boosted our economic turnaround in the 1980's: the passage of Bayh-Dole, which injected the incentives of patent ownership into the federal R&D system; the enactment of the Court of Appeals for the Federal Circuit, which insured the courts … Continue reading

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Business and Individual Taxpayers See No Reprieve in New Jersey Tax Package

After weeks of tense budget confrontations threatening a government shutdown, New Jersey lawmakers passed a last-minute $37.4 billion state budget last weekend that included tax hikes on individual and corporate income. As part of the agreement, the top income tax … Continue reading

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Taxpayers Could Not Rely on IRS Correspondence Waiving Penalties

In a recent U.S. District Court decision, the taxpayers were audited, and ultimately received a letter from the auditing agent that “the penalties had been waived.” The taxpayers signed a Form 4549 document which did not assess penalties.Subsequently, the IRS … Continue reading

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