Congress managed to make the complicated issue of cost basis even more complex. Now taxpayers and professionals are doing their best to adjust.
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Tag Archives: IRS
A Tax Trap For Same-Sex Couples Will Snare Others Too
The Tax Court’s tortured reading of the law will penalize gay couples with hefty mortgages. Others will be hit too.
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The IRS Goes Back To Playing Politics
A long-ago public servant resisted when Nixon used the IRS against his opponents. We need someone like Donald Alexander today.
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Why Foreign Banks Will Shun American Business
Aggressive tax law is likely to make Americans unwelcome at many foreign banks. That’s bad news for expatriates and international business.
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IRS Rattles A Gift Tax Saber
When you make tax policy in government, you have to deal with checks and balances on your power. When you …
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The IRS Can Reunite Families, If We Let It
The IRS cooperates with other agencies to collect past-due child support, federal agency non-tax debts and state income tax obligations. …
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IRS Fixes A Tax Court Slip-Up
Tax laws are seldom models of clarity. Sometimes they are more garbled than a software manual that has been computer-translated …
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The Optional Mandate
Not a mandate, not a tax, the Affordable Care Act’s requirement that everyone have health insurance is just a political fiction.
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