Gamblers Luck Turns in Second Trip to Tax Court
A taxpayer who consistently lost money playing the slots at two casinos in California was found not to have an actual and honest profit objective and could not deduct her gambling losses on Schedule C
Published on March 27, 2014
Private Attorney General Can Deduct His Lawyers Fees as Trade or Business Expenses
A taxpayer who zealously and single-mindedly pursued False Claims Act lawsuits against his former employer was engaged in the trade or business of prosecuting those lawsuits and could deduct legal related expenses business expenses.
Published on August 12, 2013
AICPA Summarizes IRS Strengths and Weakness for the Oversight Board
In a testimony before the IRS Oversight Board, the AICPA provided comments on: (1) the future direction of electronic tax administration, (2) enforcement challenges, (3) effective collection strategies, and (4) workforce empowerment.
Published on September 10, 2012
AICPA Sends Its AICPA Statement on Taxpayer Rights to Ways and Means
In this letter to the House Ways and Means Subcommittee, the AICPA provided comments on five tax administration legislative proposals: (1) an April 30 due date for electronically filed returns; (2) low income tax clinics; (3) penalties and interest; (4) the collection process; and (5) a better means of communicating
Published on March 12, 2012
04-19-2013TaxE-Alert Updates on Presidential Budget Tax Reform, AICPA Testimony on House and Senate Tax Proposals, Tax S...
Published on December 20, 2013
04/05/13 Tax E-Alert New Client Termination Checklist and Letter, Tax Return Preparer Registration Program Halt Upheld, ...
04/05/13 Tax E-Alert Newsletter: New Client Termination Checklist and Letter, Tax Return Preparer Registration Program Halt Upheld, Tax Season Debrief on the next Power Hour and More!
Published on July 16, 2013
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