Hawaii Severe Storms, Flooding Victims Granted Tax Relief (HI-2018-03)
The president has declared federal disaster areas in Hawaii. The disaster is due to severe storms, flooding, landslides and mudslides beginning on April 13, 2018.…
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Weekly Report from Washington, D.C.
The Weekly Report form Washington, DC June 25 edition covers, the Senate Finance Committee (SFC) held a confirmation hearing for IRS Commissioner nominee Charles Rettig.…
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SFC Holds IRS Commissioner Nomination Hearing
President Donald Trump’s pick for IRS Commissioner told lawmakers that his top goal is to rebuild trust between the IRS, taxpayers, and Congress. IRS Commissioner…
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Tax Preparer’s IRS Obstruction Conviction Vacated (Westbrooks, CA-5)
The Fifth Circuit vacated and remanded for resentencing a tax preparer’s IRS obstruction conviction. The individual’s conviction was no longer valid in light of C.J. Marinello,…
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Tax Cuts “2.0” Draft Expected in July, Brady Says
A tax cuts “2.0” draft will likely be unveiled to House Republicans in July, the House’s top tax writer has said. A draft of the…
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Individual Liable for Unpaid Interest (Gonzales, DC Calif.)
A personal representative of the estate was not entitled to a refund because he was required to pay the unpaid interest assessed against a deceased…
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Weekly Report from Washington, D.C.
During the week of June 18, House tax writers moved two tax bills through the House Ways and Means Committee. Treasury Secretary Steven Mnuchin announced…
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SFC Schedules IRS Commissioner Nomination Hearing
The Senate Finance Committee (SFC) has scheduled the much anticipated IRS Commissioner nomination hearing. President Donald Trump announced Charles P. Rettig as his pick for…
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House Budget Committee Approves Tool for Tax Reform Phase Two
The House Budget Committee has approved a tool that Republicans could use for tax reform phase two. A fiscal year (FY) 2019 budget resolution cleared…
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Supreme Court Says Railroad Stock Options Are Not Money Remuneration
Nonqualified employee stock options are not taxable compensation under the Railroad Retirement Tax Act. The Supreme Court concluded that the term “money remuneration” in the…
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