Category Archives: Tax Law

Is the IRS Bound by It’s Letters and Notices?

If the IRS sends a taxpayer a letter saying that it will process their refund claim but then it fails to do so, is the IRS bound by its letter? The court recently addressed this in Hawver v. Commissioner, T.C. ….. The post Is the IRS Bound by It’s Letters and Notices? appeared first on Houston Tax Attorney... To continue reading this legal news please click Read full information...

Posted in Tax Law | Tagged , , , | Leave a comment

Tax Preparation Software Rankings: TurboTax Is #1

And the Best Tax-Preparation Program Is … (Wall Street Journal), by Tom Herman: Recently, I have been road-testing versions of Intuit Inc.s TurboTax, long the nations top-selling brand, and H&R Block Inc.s TaxCut. … Of the two programs, I prefer….. To continue reading this legal news please click Read full information...

Posted in Tax Law | Tagged , , , | Leave a comment

Potential Effects of Tax Reform on Work (Guest Posts @ On Labor Blog)

Shu-Yi Oei Diane Ring and I were invited to write a guest post for the On Labor blog, to explain the potential effects of tax reform on work arrangements for a labor law audience. There was some interest in tax reform among labor law experts in light of the New York Times article that ran on December 9, titled “Tax Plans May Give Your Co-Worker a Better Deal Than You.” We wrote a pair of posts, describing the potential effects of tax reform on work arrangements (including decisions to form a passthrough or to classify oneself as an independent contractor). Something that struck us in our attempt to translate the policy issues for a non-tax legal audience was the sheer complexity of some of the new provisions in the new proposed provisions and the difficulty of discussing them with integrity–maintaining nuance, not oversimplifying or being hyperbolic, but still being understandable. As others have noted, the creation of the proposed tax legislation and the….. To continue reading this legal news please click Read full information...

Posted in Tax Law | Tagged , , , , , , , | Leave a comment

Opening Volleys in South Dakota v. Wayfair

By Adam Thimmesch Much of the tax world is currently focused on federal tax reform, and rightfully so. The speed with which the Republicans are pushing a bill through Congress has required an intense burst of attention, and academics evaluating the bill have already noted and written on number of glitches and loopholes in the current bills. (Full paper here.) While this is all occurring, though, a significant case is being pitched to the U.S. Supreme Court—South Dakota v. Wayfair. That case involves the Court’s physical-presence rule and the ongoing fight between states and retailers regarding the collection of use tax on online sales. This could be one of the most significant state tax cases heard by the Supreme Court in decades. Unfortunately, it is fighting for press against federal tax reform. Bad timing. I’ve blogged about this dispute before, so I don’t want to rehash all of the history of Quill and the issues related to collecting use taxes on….. To continue reading this legal news please click Read full information...

Posted in Tax Law | Tagged , , , , | Leave a comment

Tax Talk – Are You Aware of All Available Packaging Exemptions?

Welcome to TaxTalk–a video series where Buckingham Partners Steven A. Dimengo and Richard B. Fry discuss hot topics, new developments and tax law you need to know. Are you taking advantage of the packaging tax exemption? It may include more items than you think. Listen to this short video to see if you are utilizing all available exemptions. Click the link to watch a short video... To continue reading this legal news please click Read full information...

Posted in Tax Law | Tagged , , , , | Leave a comment