News & Perspective

TV START SLAPPED WITH MILLION DOLLAR TAX LIEN TV star slapped with million dollar tax lien. Erika Jayne's financial problems are apparent, as the Real Housewives of Beverly Hills has been hit with a $2.2 million dollar tax line by the Franchise ... Read More

Gig companies trying to turn tax code. In what he has called the "Worker Flexibility and Choice Act", Rep. Cuellar, D-Tx. has labeled this bill, as so many bills are labeled, in an attempt to make it something it is not. The reality of this bill,... Read More

Weisselberg to flip after long delay. Donald Trump's Chief Executive Officer Allen Weisselberg has been delaying for as long as he could, his criminal trial, hoping that Trump would become President again, and grant him a pardon. But he has now... Read More

Gig companies trying to turn tax code. In what he has called the "Worker Flexibility and Choice Act", Rep. Cuellar, D-Tx, has labeled this bill, as so many bills are labeled, in an attempt to make it something it is not. The reality of this bil... Read More

Estates can elect late portability option. The IRS issued revenue procedure 2022-32 that allows estates to elect "portability" of a deceased spousal unused exclusion exclusion amount as much as five years after the decedent's date of death. Est... Read More

Tax extension can file before October 17. The IRS in memo IR-2022-141, is reminding taxpayers that they don't have to wait until October 17th, to file their tax return, if they filed an extension for the tax year. They can file at any time prio... Read More

Wayfair decision evens playing field. The Wayfair Tax decision happened, due to large online retailers like Walmart and Amazon flouting again the IRS Tax System, so they can maximize profits at the expense of the American Economy, by not paying... Read More

Inquiry into audit of Comey and McCabe. The head of the IRS has asked the Treasury Department's internal investigator to check into the audits of the perceived foes of former President Trump, former FBI Director James Comey and former FBI Direc... Read More

Who should get credit for added revenue. In politics everything is relative. Whenever the economy is doing well, the party in power wants to take credit for it, even though the policies from the prior Administration may have started it on its w... Read More

Tax debt is held to be discharged. In our ongoing coverage of Tax Court cases, this case is of Nicole Golden and her husband, Stephen Alter, who timely filed an extension until Oct. 15th, 2009, for the 2008 tax return but did not file the retur... Read More