Showing 25 to 36 of 39 results
IRS Invalidates Statute of Limitations Extensions Due to Non-Compliance with BBA Partnership Rules
The IRS Chief Counsel concluded that statute-of-limitations extension forms for a partnership's 2018 and 2019 tax returns were invalid because they were signed by managers, not the designated Partnership Representative (PR), as required by the Bipartisan Budget Act of 2015 (BBA).
IRS Invalidates Statute of Limitations Extensions Due to Non-Compliance with BBA Partnership Rules
The IRS Chief Counsel concluded that statute-of-limitations extension forms for a partnership's 2018 and 2019 tax returns were invalid because they were signed by managers, not the designated Partnership Representative (PR), as required by the Bipartisan Budget Act of 2015 (BBA).
Progress
12% Bias Score
Turkish Court Suspends Guideline Restricting Corporate Tax Loss Deductions
The Turkish Council of State suspended a tax administration guideline that disallowed the deduction of prior-year losses from minimum corporate tax, citing the lack of legal basis and potential for unfair taxation; this decision allows such deductions temporarily, pending further legal action.
Turkish Court Suspends Guideline Restricting Corporate Tax Loss Deductions
The Turkish Council of State suspended a tax administration guideline that disallowed the deduction of prior-year losses from minimum corporate tax, citing the lack of legal basis and potential for unfair taxation; this decision allows such deductions temporarily, pending further legal action.
Progress
40% Bias Score
Greece Offers Tax Breaks to New Businesses in 2024
New Greek tax law for 2024 exempts tens of thousands of professionals and small businesses from presumptive income tax for three years post-business launch, with reduced tax rates (4.5%) for those earning up to €10,000. Additional benefits include reduced advance tax payments and specific criteria f...
Greece Offers Tax Breaks to New Businesses in 2024
New Greek tax law for 2024 exempts tens of thousands of professionals and small businesses from presumptive income tax for three years post-business launch, with reduced tax rates (4.5%) for those earning up to €10,000. Additional benefits include reduced advance tax payments and specific criteria f...
Progress
48% Bias Score
BBA Overhauls Partnership Audit Rules, Increasing Complexity for Tax Filings
The Bipartisan Budget Act of 2015 (BBA) overhauled partnership audit rules, creating strict procedures for amending tax returns (Administrative Adjustment Requests or AARs) filed from 2018, impacting partnerships and partners through increased complexity and potential IRS scrutiny.
BBA Overhauls Partnership Audit Rules, Increasing Complexity for Tax Filings
The Bipartisan Budget Act of 2015 (BBA) overhauled partnership audit rules, creating strict procedures for amending tax returns (Administrative Adjustment Requests or AARs) filed from 2018, impacting partnerships and partners through increased complexity and potential IRS scrutiny.
Progress
44% Bias Score
IRS Restricts Taxpayer Appeals, Shifting Dispute Resolution to Courts
The IRS finalized regulations on January 15, 2025, preventing its Independent Office of Appeals from reviewing taxpayer challenges to IRS guidance, forcing taxpayers to litigate in federal courts, starting February 14, 2025.
IRS Restricts Taxpayer Appeals, Shifting Dispute Resolution to Courts
The IRS finalized regulations on January 15, 2025, preventing its Independent Office of Appeals from reviewing taxpayer challenges to IRS guidance, forcing taxpayers to litigate in federal courts, starting February 14, 2025.
Progress
44% Bias Score
Greek Tax Assessment Power Expires: Implications for Audits and VAT Deductions
Greece's tax authority lost the right to assess taxes for years up to 2018 at the end of 2024; this affects tax audits and reassessments, as shown in cases involving controlled foreign companies and VAT deductions, with the EU Court of Justice emphasizing the irrelevance of service necessity for VAT...
Greek Tax Assessment Power Expires: Implications for Audits and VAT Deductions
Greece's tax authority lost the right to assess taxes for years up to 2018 at the end of 2024; this affects tax audits and reassessments, as shown in cases involving controlled foreign companies and VAT deductions, with the EU Court of Justice emphasizing the irrelevance of service necessity for VAT...
Progress
20% Bias Score
Greece Unveils Tax Incentives to Boost Capital Market
Greece's new bill to strengthen its capital market includes tax incentives such as a 100% deduction (capped at €200,000) for SMEs listing on the Athens Exchange and a reduced tax rate on listed corporate bonds (from 15% to 5% for Greek residents) to accelerate market growth.
Greece Unveils Tax Incentives to Boost Capital Market
Greece's new bill to strengthen its capital market includes tax incentives such as a 100% deduction (capped at €200,000) for SMEs listing on the Athens Exchange and a reduced tax rate on listed corporate bonds (from 15% to 5% for Greek residents) to accelerate market growth.
Progress
8% Bias Score
When to Hire a Tax Attorney for IRS Issues
Taxpayers facing IRS audits, liens, significant tax debts, criminal charges, or international tax complexities should hire a tax attorney for legal representation and negotiation, unlike simpler tax situations best handled by accountants.
When to Hire a Tax Attorney for IRS Issues
Taxpayers facing IRS audits, liens, significant tax debts, criminal charges, or international tax complexities should hire a tax attorney for legal representation and negotiation, unlike simpler tax situations best handled by accountants.
Progress
52% Bias Score
IRS Three-Year Rule: Taxpayers' Rights and Obligations
The IRS's three-year rule, or statute of limitations, allows taxpayers three years from the filing date to claim refunds or amend returns; the IRS also has three years to audit; exceptions exist for significant underreporting or fraudulent returns.
IRS Three-Year Rule: Taxpayers' Rights and Obligations
The IRS's three-year rule, or statute of limitations, allows taxpayers three years from the filing date to claim refunds or amend returns; the IRS also has three years to audit; exceptions exist for significant underreporting or fraudulent returns.
Progress
40% Bias Score
Loper Bright and its Impact on Tax Administration
The Supreme Court's *Loper Bright* decision eliminates Chevron deference, requiring courts to interpret statutes independently, increasing challenges to Treasury Regulations and potentially reshaping the balance of power between courts and agencies in tax administration.
Loper Bright and its Impact on Tax Administration
The Supreme Court's *Loper Bright* decision eliminates Chevron deference, requiring courts to interpret statutes independently, increasing challenges to Treasury Regulations and potentially reshaping the balance of power between courts and agencies in tax administration.
Progress
32% Bias Score
Expiring Tax Provisions of 2017 TCJA Prompt Major 2025 Tax Debate
The 2017 Tax Cuts and Jobs Act (TCJA) introduced significant tax changes, many of which are set to expire at the end of 2025, causing uncertainty for taxpayers and prompting a major tax policy debate with potential $4.6 trillion costs over 10 years for full extension.
Expiring Tax Provisions of 2017 TCJA Prompt Major 2025 Tax Debate
The 2017 Tax Cuts and Jobs Act (TCJA) introduced significant tax changes, many of which are set to expire at the end of 2025, causing uncertainty for taxpayers and prompting a major tax policy debate with potential $4.6 trillion costs over 10 years for full extension.
Progress
40% Bias Score
Camp Fire Victims to Receive $30 Million in Tax Refunds
The 2018 Camp Fire in Paradise, California, led to a $10 billion trust fund for victims; however, a change in tax law resulted in double taxation on settlements. A new law will now refund approximately $30 million to 3,500 victims, with payouts expected to begin in July.
Camp Fire Victims to Receive $30 Million in Tax Refunds
The 2018 Camp Fire in Paradise, California, led to a $10 billion trust fund for victims; however, a change in tax law resulted in double taxation on settlements. A new law will now refund approximately $30 million to 3,500 victims, with payouts expected to begin in July.
Progress
56% Bias Score
Showing 25 to 36 of 39 results