Donating the rights to change the facade of a building can qualify for a charitable tax deduction. The donation helps ensure that the historical significance of the building is not compromised. But what if you retain the right to change the roof to the building? Can you still qualify for a facade easement deduction? The… Continue reading Does Changing Roof Mean No Facade Easement Deduction?
Tax Articles
TIGTA Questions IRS’s Future State Reorganization
IRS has the power to decide who gets what, when, and how when it comes to federal taxes. Many of these decisions are made by IRS employees as part of examining tax returns. This is why we are all watching the IRS reorganize its audit function. The Treasury Inspector General for Tax Administration (“TIGTA”) recently […]
The post TIGTA Questions IRS’s Future State Reorganization appeared first on Houston Tax Attorney: Texas Lawyer.
TIGTA Questions IRS’s Future State Reorganization
IRS has the power to decide who gets what, when, and how when it comes to federal taxes. Many of these decisions are made by IRS employees as part of examining tax returns. This is why we are all watching the IRS reorganize its audit function. The Treasury Inspector General for Tax Administration (“TIGTA”) recently… Continue reading TIGTA Questions IRS’s Future State Reorganization
No Damages for Emotional Distress for IRS Violations of Bankruptcy Law
When a private party violates the law, there are often consequences. This is especially true for the automatic stay that protects individuals in bankruptcy from collections actions during the bankruptcy proceeding. In Hunsaker v. United States, Case No. 6:16-cv-00386-MC, the Ninth Circuit Court of Appeals concluded that the IRS’s repeated violations of these laws does […]
The post No Damages for Emotional Distress for IRS Violations of Bankruptcy Law appeared first on Houston Tax Attorney: Texas Lawyer.
No Damages for Emotional Distress for IRS Violations of Bankruptcy Law
When a private party violates the law, there are often consequences. This is especially true for the automatic stay that protects individuals in bankruptcy from collections actions during the bankruptcy proceeding. In Hunsaker v. United States, Case No. 6:16-cv-00386-MC, the Ninth Circuit Court of Appeals concluded that the IRS’s repeated violations of these laws does… Continue reading No Damages for Emotional Distress for IRS Violations of Bankruptcy Law
Partnership Tax Return Cannot be Corrected by Amended Tax Return
In U.S. v. Stewart, No. 15-20596, the Fifth Circuit Court of Appeals concluded that the taxpayer was not entitled to a tax refund that was based on a corrected Schedule K-1 received from a partnership the taxpayer owned. The question on appeal was whether a partnership tax return can be corrected by filing an amended […]
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Partnership Return Corrected by Amended Return
In U.S. v. Stewart, No. 15-20596, the Fifth Circuit Court of Appeals concluded that the taxpayer was not entitled to a tax refund that was based on a corrected Schedule K-1 received from a partnership the taxpayer owned. The question on appeal was whether a partnership tax return can be corrected by filing an amended… Continue reading Partnership Return Corrected by Amended Return
Lump Sum Cash Payment Did Not Qualify as Alimony
In Muñiz v. Commissioner, No. 15-14478, the Eleventh Circuit Court of Appeals concluded that lump sum payment made in cash did not qualify as alimony under Florida law. The payment did not qualify because Florida law says that the obligation to pay the lump sum amount does not end with the payee’s death–regardless of whether […]
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Can Lump Sum Cash Payment Qualify as Alimony?
For taxpayers who pay alimony to an ex-spouse, the tax deduction for the alimony payment is usually quite large. It can significantly reduce their tax. But can a lump sum payment made in cash qualify for tax-deductible alimony? The court addressed this in Muñiz v. Commissioner, No. 15-14478 (11th Cir. 2016). Facts & Procedural History Muñiz… Continue reading Can Lump Sum Cash Payment Qualify as Alimony?
How Do You Prove You Mailed a Tax Return to the IRS?
In In Re McGrew, No. 13-00149, the U.S. Bankruptcy Court for the Northern District of Iowa addressed a dispute as to whether the taxpayer had actually filed her tax return with the IRS. The taxpayer said she did; the IRS said she did not. This is a very common and important issue that taxpayers often […]
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