Fudging numbers, mystery math–it happens. Taxpayers are not allowed to do it. Should the federal courts be allowed to do it? The federal sentencing guidelines assign points or levels to characteristics of individual crimes and individual criminal offenders. The higher …..
Having spent some time studying tax law and procedure and the efforts that taxpayers take to avoid paying taxes, I am often still surprised by the creativity of taxpayers – especially wealthy taxpayers. I came across this example in Galveston, …..
The Offer in Compromise (OIC) has proven to be an invaluable tool for taxpayers to resolve tax disputes with the IRS. OICs have allowed taxpayers to become compliant with our tax laws and they have also allowed the government to …..
Taxpayers; Bills of Rights (TABORs) prevent state governments from increasing taxes or spending revenue growth without first obtaining voter approval. Several states are poised to adopt state TABORs in the near future. The State of Colorado adopted a TABOR in …..
In Eberhardt v. Commissioner, T.C. Summary 2004-147, the U.S. Tax Court concluded that an offer-in-compromise was not acceptable based on doubt as to liability, doubt as to collectibility, and it would not promote effective tax administration. The court case provides …..
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