Tax Analysts Blog

Aug 7, 2015
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In September 2014 Tax Analysts sent a Freedom of Information Act request to the IRS for a list of all states and localities currently participating in IRS taxpayer information sharing programs, and all taxpayer information sharing agreements entered into between any state or territory of the United...
Aug 6, 2015
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Last month, Hillary Clinton released a not entirely novel plan for taxing capital gains. In an effort to encourage long-term thinking and check the rise of what she calls “quarterly capitalism,” she suggested a tax break targeting buy-and-hold investors. If investors are thinking long-term, corpo...
Aug 5, 2015
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In the state of Washington, the irrepressible conservative political activist Tim Eyman is leading yet another antitax fight. Eyman's Initiative 1366, on the November ballot, could slash state tax revenue by $8 billion over the next six years. The initiative would reduce the state's 6.5-cent sales...
Jul 31, 2015
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It's long been acknowledged that the New York Division of Taxation aggressively enforces its residency rules. People who move from New York to states without an income tax are frequently subject to a residency audit to ensure that they have legally changed their domicile. Taxpayers may not appreci...
Jul 29, 2015
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On July 27, House Oversight and Government Reform Committee Chair Jason Chaffetz said President Obama should remove IRS Commissioner John Koskinen, and he made it clear that if the president doesn't act, Congress could consider contempt charges and even impeachment. On the one hand, Chaffetz's thre...
Jul 29, 2015
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Over the past few years, I've offered advice to both liberal and conservative politicians on tax policy. One of my pearls of wisdom is that both the left and the right should at least try to adhere to the concepts of sound tax policy. Both parties ignore and violate the principles of good tax poli...
Jul 28, 2015
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If you're a lawmaker who wants to punish the IRS and you're tired of simply starving it of funding, what's next? How about dismantling one of the agency's core functions and outsourcing it to the private sector? That's what Senate Republicans have proposed (again), this time as part of legisla...
Jul 27, 2015
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“That deferral is a very valuable thing.” - Donald Trump, March 5, 2015 Donald Trump did not like the tax reform Ronald Reagan signed into law in 1986. In an op-ed in The Wall Street Journal, he called it “one of the worst ideas in recent history.” The reason for his dislike was that the reform...
Jul 24, 2015
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For several days, you couldn't turn on the TV or radio looking for news without running into “in-depth reporting” on what Donald Trump said about John McCain. This especially included the Sunday news shows – which I admit with some shame I still watch. I wasn't sure if what Trump had to say ab...
Jul 21, 2015
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Yahoo wants to spin off its holding in Alibaba. It had already sold a lot of its stake in the Chinese giant, but it retains a 15 percent share. The goal of the spinoff is supposedly to allow Yahoo to focus on its core business, but the reality is that CEO Marissa Meyer needs to show some profits to...