Using Tax Software to Do Your Taxes?
According to a US Tax Court case Docket No. 14085-20S, a taxpayer was using popular tax software to do their taxes. Nothing out of ordinary in this approach to taxes.…
Corporation Saving Tax on Build-in Gains
Internal Revenue Service says that taxpayers- transferees of a company that was stripped of its assets and left unable to pay its Federal tax liabilities are responsible for the transferor…
What Affects OIC?
On February 23rd, the U.S. Tax Court filed T.C. Memo. 2022-5 deciding whether the Office of Appealsabused its discretion in rejecting an offer-in-compromise (OIC) . The United States Tax Court…
