This article first appeared in the November 25, 2015 edition of Tax Notes Today. A pilot program contacting thousands of filers who might not have otherwise known that someone else used their Social Security number to gain employment will help the IRS better balance statutory mandates and filer interests, according to IRS Commissioner John Koskinen.
Featured articles are a combination of selected articles from Tax Analysts' Tax Notes publications and other articles important to the fair administration of taxation.2015
November 30, 2015
November 25, 2015
House and Senate negotiators are working on a tax extenders package that would make the research credit permanent and delay the Affordable Care Act's "Cadillac" tax on high-cost healthcare plans for two years, according to a tentative outline obtained by Tax Analysts November 24.
November 19, 2015
To hear some presidential candidates tell it, if it were suddenly easy from a tax standpoint for U.S. corporations to repatriate more than $2.1 trillion in overseas earnings, the money would be in the next wire transfer home, giving the economy a jump-start like none before.
November 5, 2015
The Taxpayer Advocate Service will host its first International Conference on Taxpayer Rights on November 18 and 19 in Washington.
October 29, 2015
This article first appeared in the October 28, 2015 edition of Tax Notes Today.
October 1, 2015
The error rate for payments of the earned income tax credit is once again the subject of scrutiny as the Senate Finance Committee is set October 1 to examine the "fragmentation, overlap, and duplication in the federal bureaucracy" it claims is responsible, but the data behind compliance efforts paint a complicated picture for regulating the popular anti-poverty program.
September 30, 2015
This article first appeared in the September 30, 2015 edition of Tax Notes Today.
September 29, 2015
This article first appeared in the September 28, 2015 edition of Tax Notes Today.
September 23, 2015
The IRS is seeking a balance it has not yet found between taxpayers' rights to privacy and confidentiality and media and governments' demands for transparency, panelists at Tax Analysts' conference "Tax Transparency: The Good, the Bad, and the Future" said September 22.
September 15, 2015
This article first appeared in the July 15, 2015 edition of Tax Notes Today. Sen. Rand Paul, R-Ky., along with six current and former U.S. citizens living abroad, filed a lawsuit July 14 in the U.S. District Court for the Southern District of Ohio challenging the constitutionality of the Foreign Account Tax Compliance Act and foreign bank account reporting.
September 9, 2015
Visitors to the website of the Conservative Solutions Project first see a pop-up box showing Sen. Marco Rubio, R-Fla., "leading the fight" against the nuclear agreement with Iran and asking them to add their names to a petition opposing it.
September 9, 2015
This article first appeared in the September 9, 2015 edition of Tax Notes Today. After three previous quarters of increasing expatriations -- which many attribute to the reporting requirements imposed under the Foreign Account Tax Compliance Act -- the number of U.S. expatriates dropped considerably for the most recent quarter, which has left some observers with theories but no definitive answers for the reason behind the change in trajectory.
September 1, 2015
All dessert without the vegetables is how groups worried about federal deficits and the national debt characterize the tax policy proposals emanating from many of the 2016 presidential candidates. With yearly deficits still as high as $426 billion and the national debt within a rounding error of $19 trillion, the country can't afford any more unpaid-for tax cuts, they say.
September 1, 2015
Sean P. McElroy analyzes the practical ramifications of eliminating section 1014 and instead treating death as a realization event.
August 17, 2015
This article first appeared in the August 17, 2015 edition of Tax Notes. Lawrence Lessig, another possible Democratic candidate in the 2016 presidential race, says the year-to-year drama in Congress over the fate of the tax extenders, especially the research credit, explains much about what's wrong with American government and politics.
August 12, 2015
Christopher J. Worek examines the recommendations in action 1 of the OECD's base erosion and profit-shifting project, explains why one is superior, and modifies and integrates them into a workable alternative.
August 12, 2015
In a viewpoint, Brian Levey argues that foreign service officers serving abroad yet domiciled in the United States should not be required to pay state income taxes because they do not derive significant enough benefits to justify imposition of the tax, as well as for legal reasons.
August 10, 2015
Jeb Bush's comments at a conference of GOP mega-donors August 2, that the Republican candidate would not trade tax hikes in exchange for spending cuts as part of a budget deal during his presidency, confirmed what antitax activist Grover Norquist told Tax Analysts he has long believed. "I think this is Bush going to where he is in his heart, which is not for tax increases," said the president of Americans for Tax Reform (ATR). "It's pretty unequivocal," Norquist said August 3, while adding, "I'd be more comfortable if it was in writing."
August 3, 2015
Daniel Whipple is a graduate of George Washington University Law School. He is planning to work at a financial services firm in Orange County, California, and will be pursuing an LLM through New York University's Executive Program. This is the first in a series of student papers on state and local tax issues.
July 29, 2015
This article first appeared in the July 27, 2015 edition of State Tax Today.