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Newsletter articles from 2011
Collection issues and the IRS
As a result of a recent IRS revision, there are now forms to complete when requesting a discharge or subordination of a federal tax lien.
IRS collection issues
A summary of the report to given to Congress addressing issues associated with IRS collection.
The IRS: The taxman cometh
In its latest budget proposal, the IRS requested funding to perform audits on 13,000 random tax returns—an effort to close the $300 billion-plus tax gap.
Portability is only available for gifts made or decedent’s dying on or after January 1, 2011, and only for previously deceased spouses who die on or after January 1, 2011. The provisions are scheduled to expire after December 31, 2012.
Tax Code reform
It is the belief of the Federal Tax Section Council that tax code modernization is essential for economic growth. Our collective goal is to suggest methods to effective and efficient tax practices.
Tax Web site
Need tax research assistance? Want free help? Look no further! The Federal Tax Section of the ISBA maintains a Web site of helpful federal, state and local tax tools that go well beyond the basic links to the Internal Revenue Code and corresponding regulations. Check us out at <http://www.isba.org/sections/fedtax/links>.