The Hobby Loss Rule: What is the Hobby Loss Rule? Part I
From the Desk of Lauran L Stevenson The Hobby Loss Rule: What is the Hobby Loss Rule? Part I IRS Code Section 183, entitled Activities Not Engaged in for Profit, [...]
Tax Reform
From the Desk of Michael T. McCormick Tax Reform Looks like a coalition of Administration, Senate and House leaders have reached a tentative tax plan. The below is a rough [...]
Divorce or Separation May Affect Taxes
From the Desk of Michael T. McCormick Divorce or Separation May Affect Taxes Taxpayers who are divorcing or recently divorced need to consider the impact divorce or separation may have [...]
Taxpayer Advocate Service Mid-Year Report to Congress
From the Desk of Lauran L. Stevenson Taxpayer Advocate Service Mid-Year Report to Congress This week’s post will introduce the Fiscal Year Objectives Report to Congress. This report presents a [...]
When the IRS Knocks
From the Desk of Lauran L. Stevenson When the IRS Knocks The IRS has created a special new page (“How to know it’s really the IRS calling or knocking on [...]
Tax Planning for the Donald Trump Presidency
From the Desk of Michael T. McCormick Tax Planning for the Donald Trump Presidency After a heated presidential election, the time is now to look forward and see what changes [...]
Taxpayer Bill of Rights: The Right to Privacy
From the Desk of Lauran Corcoran Taxpayer Bill of Rights: The Right to Privacy Taxpayers have the right to expect that any IRS inquiry, examination, or enforcement action will comply [...]
Taxpayer Bill of Rights: The Right to Retain Representation
From the Desk of Lauran Corcoran Taxpayer Bill of Rights: The Right to Retain Representation The Right to Retain Representation: Taxpayers have the right to retain an authorized representative of [...]
Taxpayer Bill of Rights: The Right to Appeal an IRS Decision in an Independent Forum
From the Desk of Lauran Corcoran Taxpayer Bill of Rights: The Right to Appeal an IRS Decision in an Independent Forum One of the more interesting components of this right [...]
Taxpayer Bill of Rights: The Right to a Fair and Just Tax System
From the Desk of Lauran Corcoran Taxpayer Bill of Rights: The Right to a Fair and Just Tax System Taxpayers have the right to expect the tax system to consider [...]
Taxpayer Bill of Rights: The Right to Confidentiality
From the Desk of Lauran Corcoran Taxpayer Bill of Rights: The Right to Confidentiality Taxpayers have the right to expect that any information they provide to the IRS will not [...]
Taxpayer Bill of Rights: The Right to Challenge the IRS’s Position and Be Heard
From the Desk of Lauran Corcoran Taxpayer Bill of Rights: The Right to Challenge the IRS’s Position and Be Heard This right is particularly interesting as most taxpayers would disagree [...]